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 have been quickly ramping up, according to management. Work continues on the 275 MMcf/d Greenwood II processing plant, which is expected to begin operations in late 2024.

Construction is also progressing on the Wildcat processing plant in the Delaware sub-basin of the Permian, which would boost processing capacity by 275 MMcf/d in 1Q2024, when operations could begin.

Targa management also said...