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Brief — Targa, MPLX JV
Targa Resources Corp.and MPLX LP plan to expand the Centrahoma Processing LLC joint venture that serves producers working in Oklahoma’s Arkoma Woodford Basin. Targa and MPLX plan to build a 150 MMcf/d cryogenic natural gas processing plant, to be named Hickory Hills, in Hughes County, which could begin operations in late 2018. Targa is contributing its existing 150 MMcf/d Flag City Plant acquired in May 2017 and then decommissioned, which would become Hickory Hills once additional required plant infrastructure is installed. Targa also agreed to contribute the 120 MMcf/d cryogenic Tupelo Plant in Coal County. In exchange, Targa would maintain its 60% interest and be paid an undisclosed amount by MPLX, its 40% partner.
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