Bloomberg: Summit Midstream Partners, LP Announces Sale of its Lane Gathering and Processing System in the Delaware Basin to a Subsidiary
June 9, 2022
O’Melveny & Myers LLP advised Matador Resources Company, an independent energy company, in its agreement for one of its wholly owned subsidiaries to acquire Summit Midstream Permian, LLC, which owns the Lane Gathering and Processing System of Summit Midstream Partners, LP, for US$75 million. The all-cash transaction was announced on June 9 and is subject to customary closing conditions and is expected to close in the second quarter of 2022.
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