targaintadvance

Transactional History

April 2003

Targa Resources, Inc. (“Targa”) is formed by its Management Team and Warburg Pincus.
 
April 2004
Targa purchases certain midstream natural gas operations from ConocoPhillips.
 
October 2005
Targa purchases Dynegy Midstream Services from Dynegy.
 
February 2007
Targa Resources Partners LP – (NYSE:NGLS) completed an initial public offering (IPO) of public common units in the company (“Targa Resources Partners” or the “Partnership”). In addition, the Partnership acquired natural gas gathering, processing, and treating assets from Targa in the Fort Worth Basin/Arch Bend in North Texas.
 
October 2007
The Partnership acquired natural gas gathering, processing, and treating assets from Targa in the Permian Basin of West Texas and in Southwest Louisiana.
 
September 2009
The Partnership acquired Targa’s NGL business consisting of fractionation, storage, terminaling, low sulfur natural gasoline treating, pipeline transportation and distribution assets, propane storage, truck terminals, and NGL transport assets.
 
April 2010
The Partnership acquired natural gas gathering and processing systems, processing plants, and related assets in West Texas. In addition, the Partnership acquired natural gas gathering and processing assets from Targa, which serve production from the Louisiana Gulf Coast.
 
August 2010
The Partnership acquired a 63% ownership interest from Targa in Versado Gas Processors LLC, which conducts a natural gas gathering and processing business in New Mexico.

September 2010
The Partnership acquired a 77% ownership interest in Venice Energy Services Company LLC, a joint venture that owns and operates a natural gas gathering and processing business in Louisiana consisting of a coastal straddle plant and their operations, and a wholly owned subsidiary that owns and operates an offshore gathering system and related assets that serve production from the Gulf of Mexico Shelf and deepwater.
 
December 2010
Targa Resources Corp. - (NYSE: TRGP) completed an initial public offering (“IPO”) of common shares in the company.
 
March 2011
The Partnership acquired a refined products and crude oil storage and terminaling facility in Channelview, TX, located along the Houston Ship Channel.
 
October 2011
The Partnership acquired two separate refined petroleum products and crude oil storage and terminaling facilities – Targa Sound Terminal in Tacoma, WA and Targa Baltimore Terminal in Baltimore, MD.
 
July 2012
The Partnership acquired the Big Lake gas processing plant in Lake Charles, LA.
 
December 2012
The Partnership acquired Saddle Butte Pipeline LLC's crude oil gathering pipeline and terminal system and natural gas gathering and processing operations.  The business is located in the Williston Basin in the McKenzie, Mountrail, and Dunn counties of North Dakota. 
 
January 2013
The Partnership acquired additional property on the Houston Ship Channel named Patriot. While currently not operational, the acquisition provides dock and land for expansion potential for our Petroleum Logistics capabilities.