The company closed on the repurchase of interests in its development company joint ventures (“DevCo JVs”) from investment vehicles affiliated with Stonepeak Partners LP. Pro forma, Targa owns a 75% interest in its Grand Prix NGL Pipeline, 100% of its Train 6 fractionator in Mont Belvieu, and a 25% equity interest in the Gulf Coast Express Pipeline.
The Company closed on the sale of its assets in Channelview, Texas.
Targa Resources Corp. (NYSE: TRGP) sold a 45 percent interest in Targa Badlands LLC, the entity that holds all of Targa’s assets in North Dakota, to funds managed by GSO Capital Partners and Blackstone Tactical Opportunities (collectively, “Blackstone”).
Targa Resources Corp. (NYSE: TRGP) sold its 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.
Targa Resources Corp. (NYSE: TRGP) entered into development joint ventures (“DevCo JVs”) with investment vehicles affiliated with Stonepeak Infrastructure Partners (“Stonepeak”).
Targa Resources Corp. (NYSE:TRGP) acquired 100% of the membership interests of Outrigger Delaware Operating, LLC, Outrigger Southern Delaware Operating, LLC and Outrigger Midland Operating, LLC. Acquired entity assets are in the Delaware Basin in Texas and New Mexico and in the Midland Basin in Texas.
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.
Targa Resources Partners LP and Targa Resources Corp. acquired Atlas Pipeline Partners, L.P. and Atlas Energy, L.P., adding gathering and processing positions in the Eagle Ford Shale, Anadarko Basin and Arkoma Basin, and creating a premier combined Permian Basin footprint.
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.
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.
The Partnership acquired the Big Lake gas processing plant in Lake Charles, LA.
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.
The Partnership acquired a refined products and crude oil storage and terminaling facility in Channelview, TX, located along the Houston Ship Channel.
Targa Resources Corp. - (NYSE: TRGP) completed an initial public offering (“IPO”) of common shares in the company.
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.
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.
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.
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.
The Partnership acquired natural gas gathering, processing, and treating assets from Targa in the Permian Basin of West Texas and in Southwest Louisiana.
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.
Targa purchases Dynegy Midstream Services from Dynegy.
Targa purchases certain midstream natural gas operations from ConocoPhillips.
Targa Resources, Inc. (“Targa”) is formed by its Management Team and Warburg Pincus.