Targa is a leading provider of midstream services and is one of the largest independent midstream energy companies in North America. We own, operate, acquire, and develop a diversified portfolio of complementary midstream energy assets.
Footprint in Multiple Shale / Resource Plays
We believe our growth will be driven by continued organic growth investments across our diversified asset footprint. Our assets are not easily replicated and are strategically located in some of the most attractive basins in the U.S., and interconnected with key NGL markets and logistics centers. Our gathering and processing assets are across multiple shale and natural resource plays, including the Permian Basin, Barnett Shale, Bakken Shale, Eagle Ford Shale, Anadarko Basin, Arkoma Basin, onshore Louisiana and the Gulf of Mexico.
Leading Position at Mont Belvieu
We have a leading position at Mont Belvieu, the NGL hub of North America. We have the second largest fractionation ownership position at Mont Belvieu and world class LPG export facilities on the Gulf Coast at our Galena Park Marine Terminal, which is interconnected to Mont Belvieu.
Targa Resources Corp. Acquisition of Targa Resources Partners LP
On February 17, 2016 Targa Resources Corp. (NYSE: TRGP) acquired all of the outstanding common units of Targa Resources Partners LP (NYSE: NGLS) that it did not already own.
All of NGLS’s existing debt and preferred equity outstanding at acquisition close remain outstanding.