Targa NGL Pipeline Company Launches Open Season
November 18 2021 - 9:00AM
Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company")
announced today that Targa NGL Pipeline Company LLC (“Targa NGL
Pipeline”), a wholly owned subsidiary of the Company, has launched
an open season commencing November 18, 2021 and closing December
17, 2021 to gauge shipper interest in committed interstate
transportation service for natural gas liquids (“NGLs”) from a
planned interconnection with upstream pipeline facilities in
Stephens and Grady counties, Oklahoma to Mont Belvieu, Texas.
This open season will provide an opportunity for
shippers to secure firm capacity for NGL transportation subject to
the terms of their transportation service agreements (“TSAs”). The
final volume of capacity for both committed and uncommitted service
on the project will be determined by Targa in part based on the
results of this open season.
It is recommended that interested potential
shippers submit a signed Non-Disclosure Agreement (“NDA”) on or
before 5:00 p.m. Central Standard Time, November 23, 2021, to give
those shippers adequate time to evaluate the open season documents.
Please visit Targa’s online Tariff Directory to view the Open
Season Notice and download a copy of the NDA. Inquiries about the
Open Season or this notice should be directed to:
Jeff Graves VP Commercial Targa NGL Pipeline
Company LLC 811 Louisiana Street, Suite 2100 Houston, TX 77002-1400
jgraves@targaresources.com
About Targa Resources Corp.
Targa Resources Corp. is a leading provider
of midstream services and is one of the largest independent
midstream infrastructure companies in North America. The
Company owns, operates, acquires and develops a diversified
portfolio of complementary midstream infrastructure assets and its
operations are critical to the efficient, safe and reliable
delivery of energy across the United States and
increasingly to the world. The Company’s assets connect natural gas
and NGLs to domestic and international markets with growing demand
for cleaner fuels and feedstocks. The Company is primarily engaged
in the business of: gathering, compressing, treating, processing,
transporting, and purchasing and selling natural gas; transporting,
storing, fractionating, treating, and purchasing and selling NGLs
and NGL products, including services to LPG exporters; and
gathering, storing, terminaling, and purchasing and selling crude
oil.
Targa is a FORTUNE 500 company and is included
in the S&P 400.
For more information, please visit the Company’s
website at www.targaresources.com.
Forward-Looking Statements
Certain statements in this release are
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements, other
than statements of historical facts, included in this release that
address activities, events or developments that the Company
expects, believes or anticipates will or may occur in the future,
are forward-looking statements. These forward-looking statements
rely on a number of assumptions concerning future events and are
subject to a number of uncertainties, factors and risks, many of
which are outside the Company’s control, which could cause results
to differ materially from those expected by management of the
Company. Such risks and uncertainties include, but are not limited
to, weather, political, economic and market conditions, including a
decline in the price and market demand for natural gas, natural gas
liquids and crude oil, the impact of pandemics such as COVID-19,
actions by the Organization of the Petroleum Exporting
Countries (“OPEC”) and non-OPEC oil producing countries,
the timing and success of business development efforts, and other
uncertainties. These and other applicable uncertainties, factors
and risks are described more fully in the Company’s filings with
the Securities and Exchange Commission, including its most
recent Annual Report on Form 10-K, and any subsequently filed
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The
Company does not undertake an obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.
Contact the Company's investor relations
department by email atInvestorRelations@targaresources.com or by
phone at (713) 584-1133.
Sanjay LadVice President, Finance & Investor
Relations
Jennifer KnealeChief Financial Officer
Targa Resources (NYSE:TRGP)
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