Targa

In the face of operational issues across its gathering and processing systems in the third quarter, Targa Resources Corp. is progressing projects in the Permian Basin to meet the infrastructure needs of producers anticipating strengthening export demand.  Operations commenced at Houston-based Targa’s Greenwood plant in the Permian’s Midland sub-basin ahead of schedule in October and…

Targa Resources Corp. said it is building two cryogenic natural gas processing plants in the Permian Basin to meet the infrastructure needs of producers that have maintained record levels of activity in anticipation of strengthening export demand. Houston-based Targa, in conjunction with its second quarter earnings release earlier this month, announced the construction of a…

Targa Resources Corp. is bullishly pushing forward with expansion projects in the prolific Permian Basin, citing expectations for robust global oil and natural gas demand long term The Houston-based company expects momentum to push through 2023, a year in which global oil demand is projected by the International Energy Agency to grow and foundations are…

Targa Resources Corp. has agreed to purchase Blackstone Energy Partners’ 25% interest in Targa’s Grand Prix natural gas liquids (NGL) pipeline for $1.05 billion in cash plus customary working capital adjustments. The transaction, slated to close during the first quarter, would give Houston-based Targa a 100% ownership position in the 1.0 million b/d capacity pipeline.…

After posting record volumes across its gathering and processing (G&P) systems during the third quarter, Targa Resources Corp. has sanctioned two midstream projects in the Permian Basin. A second natural gas processing plant at the Wildcat facility in the Delaware sub-basin of the Permian would boost processing capacity by 275 MMcf/d. To be called Wildcat…

Targa Resources Corp. plans to build a 275 MMcf/d natural gas processing plant in the Permian Basin, adding to a spate of projects in the prolific region aimed at meeting mounting demand — both domestically and globally. The Houston-based company is eyeing additional future projects in West Texas as well, executives said during the second…

Targa Resources Corp. said it has agreed to sell its 25% equity stake in the Gulf Coast Express Pipeline (GCX) for $857 million. Houston-based Targa said it expects to receive full proceeds in the second quarter. The independent midstreamer did not disclose the buyer or provide additional details. Targa in 2021 had emphasized efforts to…

Targa Resources Corp.’s gathering and processing (G&P) volumes exceeded expectations in 2019, with expected continued growth underpinned largely by Permian Basin producers that, before Monday’s oil market collapse, were forecasting continued volume growth in 2020.

Targa Resources Corp. brought online a handful of expansion projects in the third quarter, with the bulk of the expansions taking place in the Permian Basin, management said during a conference call to discuss 3Q2019 earnings.