Texas E&Ps are preparing for growth, as two companies announced midstream takeaway agreements today.

Sanchez Midstream Partners (ticker: SNMP) announced it will expand its midstream JV with Targa Resources (ticker: TRGP), expanding its takeaway in the Eagle Ford. The tow companies have merged their holdings of gathering lines and a gas processing plant to form the Carnero JV, which will expand the midstream capabilities of Sanchez.

The Carnero JV has also acquired Targa’s 200 MMcf/d gas processing plant, which nearly doubles the JV’s ...

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