Current TRGP Stock Info

U.S. midstream services company Targa Resources Corp. (ticker: TRGP) announced executive changes, all effective March 1, 2018.  Targa said its board has appointed:

  • Matthew J. Meloy to President, reporting to Targa CEO Joe Bob Perkins
  • Jennifer R. Kneale to Chief Financial Officer, reporting to Targa CEO Joe Bob Perkins
  • Patrick J. McDonie to President – Gathering and Processing, reporting to Matthew Meloy, responsible for all of Targa’s gathering and processing businesses in the Permian, SCOOP/STACK, Bakken, Barnett and Eagle Ford
  • Scott Pryor to President – Logistics and Marketing, reporting to Matthew Meloy, responsible for Targa’s downstream businesses including NGL logistics, fractionation, exports, gas and NGL marketing and Coastal Straddles
  • Robert M. Muraro to Chief Commercial Officer, reporting to Matthew Meloy

Meloy joined Targa in March 2006 and has served in roles of increasing responsibility, including serving as Targa’s Chief Financial Officer since December 2010. Prior to joining Targa, Mr. Meloy was with The Royal Bank of Scotland in the structured finance group, focusing on the energy sector.

Kneale joined Targa in May 2013, and most recently served as Vice President – Finance, managing corporate development, investor relations and other finance functions. Prior to joining Targa, Ms. Kneale was a member of Tudor, Pickering, Holt & Co.’s energy private equity group, TPH Partners.

McDonie joined Targa in 2015 through Targa’s acquisition of Atlas Pipeline Partners, L.P. and Atlas Energy, L.P. and has served as Executive Vice President – Southern Field Gathering and Processing since November 2015. Prior to joining Targa, Mr. McDonie served in roles of increasing responsibility at Atlas, including President, Chief Operating Officer and Senior Vice President. He also served as President of ONEOK Energy Services Company between 2008 and 2012.

Pryor joined Targa in 2005 through Targa’s acquisition of Dynegy Midstream Services LP and has served as Executive Vice President – Logistics and Marketing since November 2015. Mr. Pryor previously served as Senior Vice President – NGL Logistics & Marketing, and as a Vice President prior to 2014. Prior to Targa’s acquisition of Dynegy, Mr. Pryor served in increasing roles at Dynegy and Warren Petroleum Company.

Muraro joined Targa in August 2004 as a Director of Business Development and served most recently as Executive Vice President – Commercial. Prior to joining Targa, Mr. Muraro was with ABN Amro’s energy investment banking group.

Targa holds the second largest fractionation ownership position at Mont Belvieu and LPG export facilities on the Gulf Coast at its Galena Park Marine Terminal, which is interconnected to Mont Belvieu. In addition to natural gas processing infrastructure Targa owns crude oil storage and terminal operations. In December, Kinder Morgan, DCP Midstream and Targa announced the FID on Gulf Coast Express Pipeline project, in which the companies are in a joint venture.

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