Targa Resources Corp. is a Fortune 500[1] company based in Houston, Texas. Targa, a midstream energy infrastructure corporation, is one of the largest infrastructure companies delivering natural gas and natural gas liquids in the United States. Their operations are based largely, though not entirely, on the Gulf Coast, particularly in Texas and Louisiana.[2] Matthew J. Meloy has been Chief Executive Officer since 2020.[3]
History and Acquisitions
Targa Resources was founded on October 27, 2005, and is headquartered in Houston, Texas.[4][5]
In 2015, Targa Resources acquired Oklahoma-based Atlas Pipeline Partners LP and Atlas Energy LP.[6] In 2017, Targa acquired Outrigger Delaware Operating, LLC, Outrigger Southern Delaware Operating, LLC and Outrigger Midland Operating, LLC.[7]
In 2022, Targa acquired Southcross Energy Operating LLC for $200 million.[8]
Also that year, Targa announced plans to add a new 275 million cubic feet-per-day gas processing plant in the Midland Basin portion of the Permian Basin by the fourth quarter of 2023, in addition to the four plants it was already busy constructing in the region to service rising associated gas production in the region.[9]
External links
References
- Targa Resources Fortune, retrieved 2018-12-07^
- Home targaresources.com^
- Management | Targa Resources retrieved 2015-08-18^
- TRGP www.wsj.com, retrieved 2022-04-21^
- Targa Resources (TRGP) Forbes, retrieved 2022-04-21^
- Jen Para. Houston midstream co. makes several leadership appointments, including CFO and president www.bizjournals.com, Houston Business Journal, Feb 1, 2018, retrieved 20 April 2023^
- Targa Resources Stretching Out in Permian With Outrigger Deal January 2017^
- Targa Resources Corp. to Acquire Bolt-On Assets for $200 Million citybiz, 2022-03-17, retrieved 2022-04-21^
- Dylan Chase. Targa latest US Permian Basin operator to plot new gas processing capacity www.spglobal.com, 2022-08-04, retrieved 2023-11-01^