Targa Resources
| Company type | Public |
|---|---|
| Industry | Midstream energy infrastructure |
| Founded | October 27, 2005 |
| Headquarters | Houston , United States |
Area served | Gulf Coast (Texas and Louisiana), United States |
Key people | Matthew J. Meloy (CEO) |
| Products | Natural gas and natural gas liquids infrastructure |
Targa Resources Corp. is a Fortune 500 company specializing in midstream energy infrastructure, headquartered in Houston, Texas. It stands as one of the foremost U.S. operators in natural gas and natural gas liquids infrastructure, with its primary activities centered along the Gulf Coast, notably within Texas and Louisiana. Since 2020, Matthew J. Meloy has held the position of Chief Executive Officer.
History and Acquisitions
Established on October 27, 2005, Targa Resources maintains its corporate headquarters in Houston, Texas.
The company broadened its scope in 2015 by acquiring Oklahoma-based Atlas Pipeline Partners LP and Atlas Energy LP. Its expansion continued in 2017 through the purchase of Outrigger Delaware Operating, Outrigger Southern Delaware Operating, and Outrigger Midland Operating.
In 2022, Targa completed the acquisition of Southcross Energy Operating LLC for $200 million. That year also saw the announcement of a new gas processing facility with a capacity of 275 million cubic feet per day planned for the Midland Basin sector of the Permian Basin, scheduled for completion by Q4 2023. This project complements four additional plants currently under construction aimed at managing increased associated gas volumes in the area.