Targa

Targa Eyeing Continued Permian Growth Following Surge in Natural Gas, NGLs, but Uncertainty Looms

Targa Eyeing Continued Permian Growth Following Surge in Natural Gas, NGLs, but Uncertainty Looms

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.

March 10, 2020
Targa Shifting from Crude Assets to Lower 48 Natural Gas Projects

Targa Shifting from Crude Assets to Lower 48 Natural Gas Projects

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.

November 13, 2019
Targa Ramps Up Lower 48 Natural Gas Projects, Sheds Crude Assets

Targa Ramps Up Lower 48 Natural Gas Projects, Sheds Crude Assets

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.

November 12, 2019
Weak Permian Natural Gas, Liquids Pricing Hit Targa Earnings

Weak Permian Natural Gas, Liquids Pricing Hit Targa Earnings

Despite $3 billion in projects expected to begin commercial operations this year, a hefty cash payment doled out in the first quarter combined with weak Permian Basin natural gas pricing to send earnings for Targa Resources Corp. plunging into the red.

May 8, 2019
Williams, Eyeing NGL Expansion, Still Focused on Natural Gas Growth

Williams, Eyeing NGL Expansion, Still Focused on Natural Gas Growth

Even as it revealed plans for a new natural gas liquids (NGL) expansion aimed at tapping supply from the Rockies and Denver Julesburg-Niobrara, The Williams Companies Inc. this week touted its focus on transporting low-cost natural gas to premium markets as the driver of “solid and predictable growth” in 2018 and beyond.

February 14, 2019

Targa Building Two New Fractionation Trains at Mont Belvieu

Citing a persistently tight natural gas liquids (NGL) fractionation market, Targa Resources Inc. plans to build two new fractionation trains at Mont Belvieu, TX, management said Thursday.

November 12, 2018

Targa Using Every Tool in Shed to Cope with Oil, Gas Infrastructure Constraints

Targa Resources Corp. is leaving no stone unturned as it seeks to meet growing customer needs in markets like the Permian Basin of West Texas and southeastern New Mexico and the Bakken Shale of North Dakota, where existing bottlenecks and tightening infrastructure have sent some oil and natural gas producers to other, less constrained regions.

August 16, 2018

Proposed Whistler Pipeline to Move 2 Bcf from Permian to Texas Coast

With an eye on moving more natural gas from the Permian Basin to the Texas coast, four operators led by Houston’s Targa Resources Corp. have rolled out plans to develop the 2 Bcf/d Whistler Pipeline Project, which if sanctioned could help deliver up to 7 Bcf/d to Gulf Coast markets and beyond.

August 6, 2018

New Sanchez, Targa JV Expands Eagle Ford Footprint as it Eyes Future Growth

Sanchez Midstream Partners LP (SNMP) on Wednesday announced it has executed a series of agreements with Targa Resources Corp. that put their newly formed joint venture (JV) in a position to grow their footprint in the Eagle Ford Shale while exercising the capital discipline investors have come to expect from the oil and gas industry.

May 23, 2018

Targa to Add Permian Natural Gas Processing, Gathering Capacity, Extend NGL Pipeline

Targa Resources Corp. said this week that it has entered long-term fee-based agreements with an undisclosed producer that will find it spending $500 million to expand natural gas gathering and processing services in the Permian Basin’s Delaware sub-basin.

March 28, 2018
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