Houston-based Targa Resources last week announced three new natural gas processing plants in the Delaware Basin. Wrangler, Ranger and Ranger II plants will add total capacity of about 825 million cubic feet per day and begin operating in first half of 2028. Targa also said Aug. 17 it will construct a new 70-mile natural gas pipeline for its Bull Run residue system in Delaware Basin for gas takeaway from the new plants to Waha.
In its announcements of the new plants and new midstream agreements in Permian Basin with subsidiaries of ExxonMobil, Targa said growth capital for FY2026 is now about $5 billion.
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