Targa

Targa Planning Permian NatGas Midstream Plants, Mont Belvieu Fractionation Train

Targa Resources Corp. is planning to build two 250 MMcf/d cryogenic natural gas processing plants to support increasing production in the Permian Basin’s Midland sub-basin, and a 100,000 b/d fractionation train in Mont Belvieu, TX.

February 9, 2018

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.

January 29, 2018
Hess, Targa Partnering to Expand Bakken Natural Gas Processing Takeaway

Hess, Targa Partnering to Expand Bakken Natural Gas Processing Takeaway

Houston-based Hess Midstream Partners LP and Targa Resources Corp. are teaming up to construct Little Missouri Four (LM4), a 200 MMcf/d natural gas processing plant in North Dakota.

January 25, 2018

Blackstone Taking Stake in Grand Prix, Targa’s Proposed Permian NGL System

Targa Resources Corp. has agreed to sell a 25% stake in a proposed natural gas liquids (NGL) system designed to connect Permian Basin volumes to Mont Belvieu on the Texas Gulf Coast, a deal that coincides with its decision to join a mega-project that would transport natural gas along a similar route.

October 5, 2017
Kinder, Partners Near Agreement for GCX Pipe to Carry Permian NatGas to Texas Coast

Kinder, Partners Near Agreement for GCX Pipe to Carry Permian NatGas to Texas Coast

Kinder Morgan Inc. (KMI), DCP Midstream LP and Targa Resources Corp. affiliates said late Wednesday they are nearing an agreement to build the Gulf Coast Express Pipeline Project (GCX), an enticing 1.92 Bcf/d system that would carry natural gas from the Permian Basin to the Texas Gulf Coast.

October 4, 2017

Brief — Targa Permian Contract

KP Engineering LP(KPE) has been awarded a contract valued in excess of $100 million by Targa Pipeline Mid-Continent WestTex LLC, a subsidiary of Targa Resources Corp., to provide engineering, procurement and construction for a 200 MMcf/d natural gas cryogenic processing facility in the Permian Basin of West Texas. The facility, to be built near Midkiff, is to include a 5,000 b/d condensate stabilizer, low-pressure compression, intermediate compression, custody transfer metering, slug catchers and a control system for processing raw gas by extracting natural gas liquids and removing impurities.

August 24, 2017

Targa Planning $1.3B Grand Prix NGL Pipeline in Texas, Prices Public Stock Offering

Targa Resources Corp. said it plans to build a $1.3 billion natural gas liquids (NGL) pipeline to connect the Permian Basin and the company’s North Texas gathering system to its fractionation and storage complex at the NGL market hub at Mont Belvieu, TX.

May 26, 2017

Targa to Buy MLP, Executives Go on Defensive

Executives with Targa Resources Corp. (TRGP) were on the defensive with analysts Tuesday after the company announced it would fold its master limited partnership (MLP), Targa Resources Partners LP (NGLS), in an all-stock deal valued at $6.67 billion.

November 4, 2015
New Gathering, Processing Planned For Sanchez’s Catarina

New Gathering, Processing Planned For Sanchez’s Catarina

Sanchez Energy Corp. (SN) has struck joint venture (JV) agreements with Targa Resources Partners LP for construction of a cryogenic natural gas processing plant and associated high-pressure gathering pipelines near the producer’s Catarina asset in the Eagle Ford Shale.

October 5, 2015

Targa Expecting NatGas Gathering, Processing Volumes to Increase

Executives with Targa Resources Partners LP (NGLS) and general partner Targa Resources Corp. (TRGP), said that despite continuing low commodity prices, volumes at NGLS’s field gathering and processing (FG&P) segment for 2015 should grow 3-5% over 4Q2014. They also are considering restarting an idled cryogenic processing plant in Texas.

August 6, 2015