Mergermarket: Summit Midstream to sell Summit Midstream Permian to Matador Resources for US$75 million
June 10, 2022
Summit Midstream Partners, LP announced that its fully owned subsidiary Summit Midstream Holdings, LLC has agreed to sell Summit Midstream Permian, LLC to a subsidiary of Matador Resources Company for US$75 million. As part of the deal, Matador will assume Summit Midstream Marketing, LLC’s take-or-pay firm capacity on the Double E Pipeline. O’Melveny & Myers LLP serves as legal advisor to Matador.< /p>
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