Matador Resources (MTDR) entered into multiple agreements with affiliates of Energy Transfer, including a natural gas supply agreement, Matador said Thursday.
Matador said it signed separate natural gas liquids agreements with different Energy Transfer affiliates to dedicate and sell NGLs from multiple sources in the Delaware Basin to Energy Transfer.
The company said the new gas supply agreement is expected to help bridge the period before its transportation agreement on the Hugh Brinson Pipeline becomes effective and allow it to realize higher natural gas prices for a portion of its production during the second half of the year.
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