Cardinal Midstream, backed by EnCap Flatrock, sells Delaware Basin assets to San Mateo for $752 million
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- EnCap Investments LP-backed Cardinal Midstream agreed to sell its Delaware Basin subsidiaries to San Mateo Midstream for $752 million.
- Deal covers Cardinal Delaware Basin and Cardinal New Mexico; closing targeted for Q3 2026, subject to regulatory approval.
- Assets include nearly 150 miles of gas gathering pipelines and 320 MMcf/d of processing capacity in the Delaware Basin.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Encap Investments LP published the original content used to generate this news brief on June 29, 2026, and is solely responsible for the information contained therein.