Matador Resources (MTDR) and its affiliate, San Mateo Midstream, on Thursday announced the start up of the expansion of San Mateo's Marlan cryogenic natural gas processing plant in New Mexico.
They said the expansion adds an incremental 200 million cubic feet per day of natural gas to the previous 60MMcf/d for a total designed inlet capacity of 260MMcf/d at the plant.
The companies added that the expanded plant supports Matador's development activities in New Mexico and existing third-party producer development plans, and also allows San Mateo to pursue more third-party volumes.
Matador also said that this week, all 19 lenders under its reserves-based revolving credit facility reaffirmed their borrowing base at $3.25 billion and elected commitment at $2.25 billion.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。