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.


Norway >>  8/5/2022 - Sval Energi is pleased to announce that the company has signed an agreement with Suncor Energy to acquire Suncor Energy Norge AS. ...
United States >>  8/5/2022 - United Energy Corporation announced 100% acquisition of Integrity Terminals, LLC., adding to UNRG’s previous minority ownership stake of 12%. Accordin...

United States >>  8/4/2022 - CapturePoint Solutions LLC (CPS), a subsidiary of CapturePoint LLC based in Allen, Texas, announced that it has signed a Letter of Intent (LOI) with a...
Sweden >>  8/2/2022 - Alfa Laval has completed the acquisition of Desmet, part of the Desmet Ballestra Group, a world leader in engineering and supplying processing plants ...

Canada >>  8/1/2022 - - Global Green Hydrogen market expected to reach US$72 Billion by 2030(4) with growth anticipated at a 54.7% CAGR between 2021 and 2028(3)
- Pro...

Norway >>  8/1/2022 - Reference is made to the stock exchange announcement by Hexagon Composites on 21 April 2022, regarding the agreement to acquire a 40% stake in Cryoshe...

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.