Targa

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.

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.

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.

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.

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.

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.

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.

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.

Targa Resources Partners LP’sTarga Midstream Services LLC(TMS) experienced a fire Thursday morning at the Saunders gas processing facility in Lea County, NM. All workers were accounted for, and the fire was contained and then extinguished. The partnership’s ownership in the facility is held throughVersado Gas Processors LLC, a joint venture that is 63% owned by the partnership and 37% owned byChevron U.S.A. Inc.TMS serves as the operator of the Versado system. Saunders is the smallest gas processing plant in the Versado system, with about 70 MMcf/d of the Versado system’s approximately 280 MMcf/d gross processing capacity.