Targa Chalks Up Wins in Permian, Readies for More Expansions

February 21, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Targa Resources Corporation (NYSE:TRGP) (Houston, Texas) has no regrets about going all-in on the Permian Basin, as its operations in the shale play spurred record financial and operational results. The company is doubling down over the coming year with a series of capacity expansions at related production facilities. Industrial Info is tracking more than $3.75 billion worth of active and proposed projects from Targa, about $2.3 billion of which has a high likelihood (81% or more) of beginning construction as currently planned, according to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project Database.