(BOE Report) – Pipeline operator Targa Resources said on Monday it would buy Stakeholder Midstream in a $1.25 billion all-cash deal, expanding its processing capacity in the key Permian Basin. Dealmaking in the midstream sector has been picking up pace as companies look to cut costs or add scale and gain access to attractive oil- and gas-producing regions, as well
(Oil & Gas 360) – Another 2.5 bcf/d of takeaway is coming for Permian gas via the Matterhorn Express Pipeline, which is expected to be put into service just in time for heating season. According to project lead EnLink Midstream of Houston, Matterhorn is expected to deliver enough natural gas for two million homes after its 580-mile route from the
Oil and Gas 360 June 16, 2022 at 4:41 PM EDT- HOUSTON and DALLAS and NEW YORK, June 16, 2022 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) and Lucid Energy Group, a leading privately held natural gas processor in the Permian Basin, announced today a definitive agreement under which a wholly-owned subsidiary of Targa will acquire Lucid Energy Delaware, LLC (“Lucid”) from Riverstone Holdings LLC (“Riverstone”) and Goldman Sachs
Houston Chronicle Six pipeline operators have cut a combined $1.9 billion from their 2020 budgets as record low oil prices and weakened demand from the coronavirus dampens plans for new projects, a new research note from Houston energy investment banking firm Simmons Energy reported. Noble Midstream Partners, Rattler Midstream, Targa Resources, EnLink Midstream, Oneok and Pembina Pipeline made the
Multifaceted partnership will proceed with design and construction A partnership involving several midstream companies and private equity firms has reached a final investment decision for the Whistler pipeline project, expected to run 475 miles and transport approximately 2 billion cubic feet of natural gas per day (Bcf/d). The 42-inch pipeline will run from Waha, Texas to the Agua Dulce region
Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today that Targa NGL Pipeline Company LLC, a wholly owned subsidiary of the Company, has launched an open season commencing June 15, 2018 and closing July 6, 2018 to gauge shipper interest in firm interstate transportation service for natural gas liquids (“NGLs”) from Coal and Hughes Counties, Oklahoma to Mont
Earlier today Kinder Morgan Texas Pipeline LLC (KMTP), DCP Midstream, LP (Ticker: DCP) and an affiliate of Targa Resources Corporation (Ticker: TRGP) announced a final investment decision (FID) to proceed with the Gulf Coast Express Pipeline Project (GCX Project). The companies executed definitive joint venture agreements and also secured sufficient firm transportation agreements with shippers. Roughly 85% of the project
Targa Resources Announces Increase in Quarterly Dividend and Distribution, Provides Revised 2015 Outlook, Publishes Updated Investor Presentation and Announces Timing of First Quarter 2015 Earnings Releases and Conference Call Targa Resources Corp. (“TRC” or the “Company”) (TRGP) and Targa Resources Partners LP (“Targa Resources Partners”, “TRP” or the “Partnership”) (NGLS) (jointly “Targa”) announced their respective quarterly dividend and distribution for
Targa Resources Partners LP Announces Exchange Offer and Consent Solicitation Targa Resources Partners LP (NGLS) and its subsidiary Targa Resources Partners Finance Corporation (collectively “Targa“) announced today the commencement of an offer to exchange any and all of the outstanding unsecured 6 5/8% Senior Notes due 2020 issued by Targa Pipeline Partners LP (formerly known as Atlas Pipeline Partners, L.P.)
Targa Resources Corp. Prices Public Offering of Common Stock HOUSTON, March 12, 2015 (GLOBE NEWSWIRE) — Targa Resources Corp. (the “Company”) (TRGP) announced today that it has priced an underwritten public offering of 3,250,000 shares of its common stock at $91.00 per share. The Company granted the underwriter a 30-day option to purchase up to an additional 487,500 shares of
Targa Resources (ticker: TRGP) and Targa Resources Partners (ticker: NGLS) has officially acquired the midstream assets of both Atlas Energy (ticker: ATLS) and Atlas Pipeline Partners (ticker: APL). The non-midstream assets of ATLS will be spun off to Atlas Energy Group and will continue to trade under the ATLS ticker. The transaction is valued at $7.7 billion, and includes $5.8
