DALLAS — O’Melveny advised publicly-traded Matador Resources Company, an independent energy company (NYSE: MTDR), in its agreement for one of its wholly owned subsidiaries to acquire Summit Midstream Permian, LLC, which owns the Lane Gathering and Processing System of publicly-traded Summit Midstream Partners, LP (NYSE: SMLP), for US$75 million, a press release states.
The all-cash transaction was announced on June 9 and is subject to customary closing conditions and is expected to close in the second quarter of 2022.
Matador is an independent energy company engaged in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. The company also provides natural gas processing, oil transportation services, natural gas, oil, and produced water gathering services and produced water disposal services to third parties.
The O’Melveny team advising Matador was led by partner Jason Schumacher, partner and Dallas Office Head Chrissy Metcalf, and associates Kelsey French and Luke Ohnmeis, with support from partner Will Becker, senior counsel Hugh Hilliard, counsel Kathryn Turner and Brian Kenyon, and associate Eleanor Gilbert.