Targa Resources

Targa Resources is a Fortune 500[2] company based in Houston, Texas. Targa, a midstream energy infrastructure corporation, is one of the largest infrastructure companies delivering natural gas and natural gas liquids in the United States. Their operations are based largely, though not entirely, on the Gulf Coast, particularly in Texas and Louisiana.[3] Matthew J. Meloy has been Chief Executive Officer since 2020.[4]

Targa Resources Corp.
TypePublic company
Founded2005 (2005)
HeadquartersHouston, Texas, U.S.
Number of employees
2,680[1] (2020)
Websitewww.targaresources.com

History and Acquisitions

Targa Resources was founded on October 27, 2005, and is headquartered in Houston, Texas.[5][6] The company completed an IPO in February of 2007. Merrill Lynch & Co., UBS Investment Bank, Goldman Sachs & Co., and Citigroup were the lead underwriters for the offering.[7]

In 2015, Targa Resources acquired Oklahoma-based Atlas Pipeline Partners LP and Atlas Energy LP. [8] In 2017, Targa acquired Outrigger Delaware Operating, LLC, Outrigger Southern Delaware Operating, LLC and Outrigger Midland Operating, LLC. [9]

In 2022, Targa acquired Bolt-On Assets for $200 million. [10]

References
  1. https://www.forbes.com/companies/targa-resources/?sh=5882532af12e. {{cite web}}: Missing or empty |title= (help)
  2. "Targa Resources". Fortune. Retrieved 2018-12-07.
  3. http://www.targaresources.com/
  4. "Archived copy". Archived from the original on 2015-07-06. Retrieved 2015-08-18.{{cite web}}: CS1 maint: archived copy as title (link)
  5. "TRGP | Targa Resources Corp. Company Profile & Executives - WSJ". www.wsj.com. Retrieved 2022-04-21.
  6. "Targa Resources (TRGP)". Forbes. Retrieved 2022-04-21.
  7. "Targa Resources sets IPO price range at $19-$21/unit". Reuters. 2007-02-01. Retrieved 2022-04-21.
  8. www.bizjournals.com https://www.bizjournals.com/houston/news/2018/02/01/houston-midstream-co-makes-several-leadership.html. Retrieved 2022-04-21. {{cite web}}: Missing or empty |title= (help)
  9. "Targa Resources Stretching Out in Permian With Outrigger Deal". January 2017.
  10. "Targa Resources Corp. to Acquire Bolt-On Assets for $200 Million". citybiz. 2022-03-17. Retrieved 2022-04-21.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.