Five Point Energy to acquire a 49% stake in Pronto Midstream from Matador Resources Company for $295m.

Five Point Energy, a private equity firm focused exclusively on investments within the midstream and energy infrastructure sector, agreed to acquire a 49% stake in Pronto Midstream from Matador Resources Company, an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, for $295m. Matador intends to use the up-front cash payment to repay borrowings outstanding under its revolving credit facility.