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Targa Shuffles Management Team Ahead of Merger Deal

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Targa Resources Corp. and Targa Resources Partners LP reported that Michael A. Heim has been appointed to the board of directors of Targa Resources GP LLC, the general partner of Targa Resources Partners LP and has elected to step down as President and Chief Operating Officer of TRC and of the general partner of the Partnership, effective as of November 12, 2015.

He will serve as Vice Chairman of the board and will remain a full-time employee and member of the executive team acting in an advisory role on commercial and operational matters, leading special projects, and utilizing his vast network of industry relationships and experience to continue to support Targa. He is also expected to transition to the Targa Resources Corp. board of directors upon closing of TRC’s announced acquisition of TRP.

Targa also announced today the promotion of D. Scott Pryor, Patrick J. McDonie, Dan C. Middlebrooks and Clark White to the executive team, also effective as of November 12, 2015.

D. Scott Pryor has been elected as Executive Vice President – Logistics and Marketing. Mr. Pryor previously served as Senior Vice President – NGL Logistics & Marketing between June 2014 and November 2015. He joined Targa in 2005 through Targa’s acquisition of Dynegy Midstream Services LP, serving as a Vice President until May 2014.

Patrick J. McDonie has been elected as Executive Vice President – Southern Field Gathering and Processing.  Mr. McDonie previously served as President of Atlas Pipeline Partners GP LLC (“Atlas”). He also served as Chief Operating Officer of Atlas between July 2012 and October 2013 and as Senior Vice President of Atlas between July 2012 and October 2013. He served as President of ONEOK Energy Services Company between May 2008 and July 2012.

Dan C. Middlebrooks has been elected as Executive Vice President – Northern Field Gathering and Processing. Mr. Middlebrooks previously served as Senior Vice President – Field G&P between June 2014 and November 2015. Prior to that time, he served as Vice President – Supply and Business Development. He joined Targa in 2004.

Clark White has been elected as Executive Vice President – Engineering and Operations. Mr. White previously served as Senior Vice President – Field G&P between June 2014 and November 2015. He joined Targa in 2005 through Targa’s acquisition of Dynegy Midstream Services LP, serving as a Vice President until May 2014.

Joe Bob Perkins, Chief Executive Officer of the Company and of the general partner of the Partnership, said: "Targa Resources' operational and commercial strengths across our organization are a testament to Mike’s leadership, vision and the team that he helped to build. As we announce new Executive Vice Presidents to help lead our businesses, we are very pleased that Mike will continue to provide his leadership and vast energy experience to the executive team and on our board of directors. We are also pleased to welcome Scott, Pat, Danny and Clark to the executive team to help lead Targa into the future."