Targa Resources Buys Full Stake in Grand Prix NGL Pipeline

January 4, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Targa Resources Corporation (NYSE:TRGP) (Houston, Texas) said Tuesday it reached an agreement to acquire full ownership of the Grand Prix natural gas liquids (NGL) pipeline, which connects the midstream company's assets in the Permian Basin, North Texas and Southern Oklahoma to its fractionation and storage facility in Mont Belvieu, Texas. Industrial Info is tracking 41 projects from Targa, worth $2 billion, which includes the planned construction of the Daytona NGL pipeline--an addition to the Grand Prix system.