Targa Resources Closes Sale of Bakken Assets for USD 1.6 billion

Source: www.gulfoilandgas.com 4/3/2019, Location: North America

Targa Resources Corp. has closed on the sale of 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”) for $1.6 billion in cash.

About Targa Resources Corp.

Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream energy companies in North America. Targa owns, operates, acquires, and develops a diversified portfolio of complementary midstream energy assets. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, and selling NGLs and NGL products, including services to LPG exporters; gathering, storing, terminaling, and selling crude oil; storing, terminaling, and selling refined petroleum products.


Canada >>  8/15/2022 - Pembina Pipeline Corporation ("Pembina" or the "Company") is pleased to announce that it has completed its previously announced joint venture transact...
United States >>  8/15/2022 - VAALCO Energy, Inc., a Delaware corporation ("VAALCO"), announced that its Board of Directors has set the record date for a special meeting of its sto...

United States >>  8/15/2022 - Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client PGH Petro...
Australia >>  8/11/2022 - Santos has acquired Hunter Gas Pipeline Pty Ltd which owns an approved underground gas pipeline route from Wallumbilla in Queensland to Newcastle in N...

Nigeria >>  8/11/2022 - Seplat Energy has become aware of a news report that Ministerial Approval of the Company's proposed acquisition of the entire share capital of Mobil P...
United States >>  8/11/2022 - Kinder Morgan, Inc. has closed on the acquisition of North American Natural Resources, Inc. (NANR) and its sister companies, North American Biofuels, ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.