Skip to main content Delaware Basin and Grand Prix Expansion – Targa Resources Corp. Investor Presentation | Shale Experts
Loading...
Database
Slide Database

Delaware Basin and Grand Prix Expansion – Targa Resources Corp.

Targa Resources Corp. · Mar 30, 2018 · 29 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 1
    Targa Resources Corp. Announces Delaware Basin and Grand Prix Expansions March 2018
  2. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 2
    Investment Highlights Positioned for Premier Asset Visible Financial Long-Term Position Growth Discipline Success Integrated Capital investments Strong balance Investments align midstream asset underway support sheet and liquidity…
  3. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 3
    Integrated and Diverse Asset Footprint Integrated Midstream Platform Connects Lowest Cost Supply Growth to Key Demand Markets Substantial gas processing in top-tier basins 10.5 Bcf/d gross processing capacity and growing(1)…
  4. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 4
    Strategic Outlook Invest in projects that leverage existing Targa infrastructure and further strengthen competitive advantage 75% of announced growth capital program focused on the Permian Basin (1) Increasing producer volumes…
  5. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 5
    Permian Leads Domestic Production Growth Lower 48 Onshore Tight Oil Production Permian 2,500 120 Targa is one of the largest Use of horizontal drilling Permian Rig Count Mar 2018: gatherers and processors of techniques increases…
  6. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 6
    Supply Growth Drives Need for More Infrastructure Permian wellhead gas production forecasted to increase by 8 Bcf/d from 2017 through exit 2020 Industry-leading returns at the wellhead expected to drive production growth even in a flat…
  7. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 7
    Targas Premier Permian Position Legend Active Rigs (3/19/18) Processing Plant Processing Plant In Multi-plant, multi- Progress Crude Terminal system Permian Existing Gathering Pipeline footprint, Grand Prix In Progress GCX…
  8. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 8
    Permian Midland Basin Expansions to Keep Pace with Growth Asset Map and Rig Activity(2) Legend Targa Midland Basin Inlet Volume(1) Active Rigs (3/19/18) 1,400 Processing Plant Processing Plant In Progress 1,200 12 Crude…
  9. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 9
    Permian Delaware Basin Expansions to Keep Pace with Growth Asset Map and Rig Activity(2) Legend Targa Delaware Basin Inlet Volume(1) Active Rigs (3/19/18) Processing Plant 600 Processing Plant In Progress Crude Terminal 500…
  10. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 10
    Increasing Permian Basin NGL Production Outlook The expected growth in Permian associated gas production will result in increasing NGL production Targas Downstream business is well positioned to handle the increase in NGL production…
  11. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 11
    Significant NGLs from Targa Permian Plants Gross NGL Production (MBbl/d) NGL production from Targas G&P footprint is expected to continue 250 to significantly increase Targas gross Permian NGL production has grown by an average…
  12. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 12
    Targas Growing NGL Footprint Increasing NGL production directs increasing volumes to Grand Prix and Targas Downstream complex at Mont Belvieu Availability for Targa manages significant NGLs from its Existing Plants Total Gross NGL…
  13. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 13
    Additional Delaware Basin Processing Expansions Legend Long-term fee-based agreements to provide Active Rigs (3/19/18) integrated midstream services Processing Plant Processing Plant In Progress Crude Terminal Targa entered into…
  14. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 14
    Targas Grand Prix NGL Pipeline Project Grand Prix connects growing supply to premier NGL hub at Mont Belvieu Targa has the largest G&P position in the Permian Basin supported by significant acreage dedications, in addition to its…
  15. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 15
    Grand Prix Overview Strategic Rationale Targas G&P position in the Permian Basin will direct substantial volumes to Grand Prix over the long-term Also integrates Targas southern Oklahoma and North Texas G&P Volumes Expected to…
  16. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 16
    Grand Prix Extension into Southern Oklahoma Strategic Rationale Grand Prixs extension into southern Oklahoma integrates Targas G&P positions in SouthOK and North Texas Additional volumes directed to Grand Prix, further increasing…
  17. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 17
    Targas Fractionation Footprint Grand Prix further bolsters volumes to Targas Mont Belvieu fractionation complex Grand Prix will direct significant volumes to Targas fractionation complex from the Permian, southern Oklahoma and North…
  18. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 18
    Longer-Term Financial Outlook In June 2017, Targa published a longer-term financial outlook highlighting that attractive projects and system expansions were expected to drive increasing system volumes, translating into increasing…
  19. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 19
    Gulf Coast Express Pipeline (GCX) Delaware Basin Strategic Rationale: Midland Basin Secures reliable takeaway for increased natural gas production from the Permian Basin to premium markets along the Texas Gulf Coast Further…
  20. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 20
    Infrastructure Investments Focused in the Permian An increasing fee-based and operating margin outlook underpinned by attractive organic growth projects underway, with 75%(1) of total project capex focused on the Permian Basin…
  21. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 21
    2018 Announced Net Growth Capex 2018E net growth capex based on announced projects after DevCo JVs estimated at 2.2 billion; 80% of total G&P capex focused on the Permian; 75%(1) of total project capex focused on the Permian Basin…
  22. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 22
    2018 Financing Overview Targa continues to evaluate and execute financing opportunities to fund its equity capital needs for its announced projects in 2018, which may include a combination of additional asset joint venture…
  23. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 23
    Key Takeaways Right assets in the right places - integrated G&P asset platform in Strategically top-tier basins, with premier connectivity to demand markets Located Assets Premier position in the Permian Basin G&P volume growth…
  24. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 24
    Reconciliations
  25. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 25
    Non-GAAP Reconciliations 2014 to 2017 Adjusted EBITDA Year Ended December 31, Reconciliation of net income (loss) attributable to TRC to 2017 2016 2015 2014 Adjusted EBITDA (in millions) Net income (loss) to Targa Resources Corp.…
  26. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 26
    Non-GAAP Reconciliations 2007 to 2013 Adjusted EBITDA targaresources.com NYSE: TRGP 28
  27. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 27
    Non-GAAP Reconciliations Estimated 2018 Adjusted EBITDA The following table presents a reconciliation of Adjusted EBITDA for the periods shown for TRC: Year Ended December 31, 2018 Reconciliation of net income (loss) attributable…
  28. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 28
    Non-GAAP Reconciliations Estimated 2019 and 2021 Adjusted EBITDA(1) The following table presents a reconciliation of Adjusted EBITDA for the periods shown for TRC: Year Ended December 31, Reconciliation of net income (loss)…
  29. Delaware Basin and Grand Prix Expansion – Targa Resources Corp. – slide 29
    Visit us at targaresources.com Contact Information: Email: InvestorRelationstargaresources.com Phone: (713) 584-1000 811 Louisiana Street Suite 2100 Houston, TX 77002

From the store

Browse maps, data & reports in the Shale Experts store