Matador Resources Expands Gas Processing Capacity to 720 MMcf/d with Marlan Plant Startup

From Yahoo Finance: 2025-06-28 04:16:00

Matador Resources Company (NYSE:MTDR) is deemed one of the most undervalued US stocks by analysts. The company, along with its midstream affiliate San Mateo Midstream, successfully started up the expanded Marlan cryogenic natural gas processing plant in Eddy County, New Mexico. This expansion added 200 MMcf/d of processing capacity, bringing the total to 260 MMcf/d.

The pipeline expansion in the Delaware Basin will support Matador’s development activities in Eddy and northern Lea Counties, New Mexico, as well as third-party producer development plans. San Mateo’s midstream system now has a total gas processing capacity of 720 MMcf/d across these areas.

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