Undeterred by depressed commodity prices, management is betting on Targa Resources Corp.’s given track record of outperforming in the Permian basin, installing more than 400 MMcf/d of compression in the first half of 2024, expected to drive increasing volumes through its downstream assets. 

Management of Houston-based Targa is anticipating high single-digit natural gas volume growth in the Permian Basin, where utilization was already high at plants that recently commenced operations. 

In the Permian’s Midland sub-basin, Targa’s 275 MMcf/d Greenwood gas processing plant commenced operations early in the fourth quarter, ahead of its expected start at the end of last year. Work continues on Greenwood II, which remains on track to begin operations in late 2024. 

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