M&A Deal Summary

Five Point Energy and Matador Acquire San Mateo Midstream II

On February 25, 2019, private equity firm Five Point Energy and Matador acquired energy services and equipment company San Mateo Midstream II

Acquisition Highlights
  • This is Five Point Energy’s 5th and Matador’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Five Point Energy’s 7th and Matador’s 3rd transaction in the United States.
  • This is Five Point Energy’s 7th and Matador’s 2nd transaction in Texas.

M&A Deal Summary

Date 2019-02-25
Target San Mateo Midstream II
Sector Energy Services and Equipment
Buyer(s) Five Point Energy
Matador
Deal Type Joint Venture

Target

San Mateo Midstream II

Dallas, Texas, United States
San Mateo Midstream II provides natural gas gathering and processing; crude oil gathering; and produced water gathering and disposal midstream solutions to E&P customers in the northern Delaware Basin. San Mateo Midstream II was founded in 2019 and is based in Dallas, Texas.

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Buyer(S) 2

Buyer

Five Point Energy

Investor Investor Investor


Category Private Equity Firm
Founded 2012
PE ASSETS 3.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Five Point Capital Partners is a private equity firm focused on midstream energy infrastructure and energy sector investments across North America. Five Point Capital is based in Houston, Texas.


DEAL STATS #
Overall 7 of 8
Sector: Energy Services and Equipment M&A 5 of 5
Type: Joint Venture M&A Deals 2 of 3
State: Texas M&A 7 of 8
Country: United States M&A 7 of 8
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-17 EVX Midstream Partners II

Houston, Texas, United States

EVX Midstream Partners II provides produced water gathering and disposal; crude oil gathering; and natural gas gathering and processing solutions to upstream companies customers in the Karnes Trough region of the Eagle Ford shale. EVX Midstream Partners II was founded in 2018 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-17 WaterBridge

Houston, Texas, United States

WaterBridge develops, owns and operates permanent, integrated water infrastructure networks to address the long-term produced water management requirements of its blue-chip customer base under long-term, fee-based contracts. WaterBridge was founded in 2015 and is based in Houston, Texas.

Sell $2.8B
Buyer

Matador

Dallas, Texas, United States

Category Company
Founded 2003
Sector Oil/Gas Exploration
Employees452
Revenue 3.5B USD (2024)
DESCRIPTION

Matador is an energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States. Matador was founded in 2003 and is based in Dallas, Texas.


DEAL STATS #
Overall 3 of 5
Sector: Energy Services and Equipment M&A 2 of 2
Type: Joint Venture M&A Deals 2 of 2
State: Texas M&A 2 of 4
Country: United States M&A 3 of 5
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-17 San Mateo Midstream I

Dallas, Texas, United States

San Mateo Midstream I provides natural gas gathering and processing crude oil gathering, and produced water gathering and disposal midstream solutions to E&P customers in the Delaware Basin. San Mateo Midstream I was founded in 2017 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-24 Advance Energy Partners

Houston, Texas, United States

Advance Energy Partners is an exploration and production company focused on acquisition and low-risk leasing and drilling opportunities in Texas and the Rockies.

Buy $1.6B