A Barrel Fulll Archive

Aug. 03, 2018 Targa Resources Corp. (NYSE:TRGP) ("Targa"); NextEra Energy Pipeline Holdings, LLC , an indirect, wholly-owned subsidiary of NextEra Energy Resources, LLC (NYSE: NEE) (“NextEra”); WhiteWater Midstream, LLC (“WhiteWater”), a portfolio company of Denham Capital Management and Ridgemont Energy Partners ; and MPLX LP (NYSE: MPLX) (“MPLX”), announced today the execution of a letter of intent (and associated term sheets) for the joint development of the proposed Whistler Pipeline Project (“Whistler Project” or the “Project”) , which will provide an outlet for increased natural gas production from the Permian Basin to growing markets along the Texas Gulf Coast . The Whistler Project is designed to transport approximately 2.0 billion cubic feet per day (“Bcf/d”) of natural gas through approximately 450 miles of 42-inch pipeline from Waha, Texas to NextEra’s Agua Dulce market hub, with an additional approximately 170 miles of 30-inch pipe continuing from Agua Dulce and t

Feb. 03, 2022 Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today that it has executed agreements selling its wholly-owned subsidiary that holds a 25 percent equity interest in the Gulf Coast Express Pipeline (“GCX”) for $857 million. Targa expects to receive the full proceeds from the sale in the second quarter of 2022 following a customary call right period in favor of the other members of GCX. J.P. Morgan is serving as Targa’s financial advisor and Vinson & Elkins LLP is acting as Targa’s legal counsel on the transaction.

Jan. 09, 2023 Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that it has completed the previously announced acquisition of Blackstone Energy Partners’ 25 percent interest in Targa’s Grand Prix NGL Pipeline (“Grand Prix”) for $1.05 billion in cash. The acquisition has an effective date of January 1, 2023, with Targa now owning 100 percent of Grand Prix. Grand Prix has capacity to transport up to one million barrels per day of natural gas liquids (“NGL”) to the NGL market hub at Mont Belvieu, Texas. Grand Prix connects Targa’s gathering and processing positions throughout the Permian Basin, North Texas, and Southern Oklahoma (as well as third-party positions) to Targa’s fractionation and storage complex at Mont Belvieu.

October 05, 2020 Navigator Borger Express LLC, an affiliated company of Navigator Energy Services (Navigator), announced today the launch of a binding open season on its Borger Express pipeline system (Borger Express) , to provide shippers the opportunity to secure crude oil transportation services from Cushing, Oklahoma to Borger, Texas. Prior to participating in the open season, interested parties must execute a confidentiality agreement to govern the receipt of the open season documentation. All potential shippers must submit binding commitments for service on the Borger Express pipeline by 12:00 p.m. Central Standard Time on November 5, 2020. The Borger Express pipeline will provide the new services by utilizing approximately 180 miles of an existing crude oil pipeline, and constructing nearly 200 miles of new, 16-inch diameter pipeline from Cleo Springs, Oklahoma to Borger. The project will provide shippers with critical transportation services for numerous grades of light and hea