** Shares of oil and gas company Matador Resources MTDR.N rise 1.5% to $50.64

** Matador's midstream joint venture, San Mateo Midstream, to acquire the operating units of Cardinal Midstream Partners for $752 million in cash

** Cardinal's assets include a cryogenic natgas processing complex in Loving County, Texas and roughly 145 miles of gathering pipelines across West Texas and southern Eddy County, New Mexico

** Deal is expected to increase San Mateo's designed natural gas processing capacity to more than 1 billion cubic feet per day and expand its gathering systems to over 800 miles of pipeline

** Transaction is expected to close on or before July 31

** Including session's moves, stock up 19.6% YTD