Capital Markets | Private Equity Activity
Targa Resources To Build Barnett Shale Processing Plant
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Targa Resources Partners LP and Targa Resources Corp. announced today the following regarding expansion activities and operating and financial outlook for 2011 and 2012.
New Processing Plant to Serve Barnett Shale Growth in North Texas
The Partnership has ordered a new 200 MMcf/d cryogenic processing plant for its North Texas System to meet increasing production, continued producer activity and expected volumes from significant new acreage dedications in the liquids-rich, oily areas of the Barnett Shale.
The new processing plant, which will be located in Wise County, Texas, is expected to be operational in mid-2013, subject to regulatory approvals, and is expected to require a capital investment related to the plant and associated projects that is currently estimated at approximately…
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