CORRECTION: Targa Resources Executes 20-Year Agreement With ExxonMobil Over Integrated Natural Gas Gathering, Processing In Permian Basin
Benzinga Newsdesk 2 months ago
ContractsNews
Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") today announced the execution of new long-term, integrated midstream agreements with subsidiaries of ExxonMobil, further strengthening the
Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") today announced the execution of new long-term, integrated midstream agreements with subsidiaries of ExxonMobil, further strengthening the parties’ strategic relationship across the Permian Basin.
Targa has entered into long-term fee-based agreements with ExxonMobil for integrated natural gas gathering and processing ("G&P") and downstream services in the Permian Basin. These agreements meaningfully add to and extend our strategic relationship with ExxonMobil with significant acreage dedications in the Delaware and Midland basins under 20-year agreements.