Our History

Formed in 2003, Targa is a growth-oriented midstream, Warburg Pincus sponsored, company. Our business objective is to target for acquisition, and subsequent improvement, strategically located midstream gathering, processing and transmission assets in stable supply and demand areas, primarily in the Gulf Coast, Gulf of Mexico, Mid-Continent and Rocky Mountain regions of the United States.

Company Milestones

April 2003 – Targa Resources, Inc. was formed by its Management Team and Warburg Pincus.

April 2004 – Targa purchased certain midstream natural gas operations from ConocoPhillips

August 2005 – Targa announced its agreement to purchase Dynegy Midstream Services from Dynegy

October 2005 – Targa completes previously announced acquisition of Dynegy Midstream Services from Dynegy

February 2007 – Targa Resources Partners LP (NASDQ ticker symbol NGLS) IPO