Targa Resources Strikes $925 Million Deal with Stonepeak

Transaction Type
Permian Basin; TX Gulf Coast
Announce Date
Post Date
Estimated Price

To buy back the interests in its development company JVs used to fund the development of key downstream projects; includes interest in the Grand Prix NGL Pipeline and Gulf Coast Express Pipeline, which both serve Permian Basin producers, as well as Targa’s Train 6 fractionator in Mont Belvieu, TX. (Expected to close Jan. 14)