Houston-based Targa Resources recently reported record production for 2024Q4 and fullyear 2024. Targa said Feb. 20 it completed its new Greenwood II plant in Midland Basin (275 million cfd) and its new Train 10 fractionator in Mont Belvieu (120,000 b/d).
Also Targa recently commenced operations of its Bull Moose plant (275 million cfd) and front-end treater (800 million cfd) in Delaware Basin. And Targa announced a 100-mile expansion of Delaware Express, its new intra-Delaware Basin Grand Prix NGL pipeline.
Targa said 2025 net growth capital expenditures will be $2.6 billion to $2.8 billion.
Construction continues on Targa’s Pembrook II (275 million cfd), East Pembrook and East Driver plants in Midland Basin and Bull Moose II (275 million cfd) and Falcon II plants in Delaware Basin.