Matador announces completion of natural gas pipeline connections

Matador Resources announced that Matador and its lenders successfully amended the Company’s credit agreement to, among other things, increase the elected commitment from $1.325 billion to $1.5 billion, increase the maximum facility amount from $2.0 billion to $3.5 billion and extend the maturity date by three years to 2029. Matador is also pleased to announce that five new banks joined the credit facility, bringing the total bank group to 19 banks. These new banks are Capital One, N.A., Citizens Bank, N.A., Mizuho Bank, Ltd., The Toronto-Dominion Bank, New York Branch, and Wells Fargo Bank, N.A. Matador also announced the completion of natural gas pipeline connections between Pronto Midstream and San Mateo and between Pronto Midstream and Matador’s acreage obtained in the Advance acquisition. These connector pipelines will provide further flow assurance and options for Matador and third-party customer natural gas volumes and should contribute to the resolution of the temporary midstream third-party maintenance issues experienced in the first quarter of 2024.