Targa Resources Corp. acquires Delaware Basin sour gathering and compression assets (two bolt-on transactions; sellers not disclosed)

Targa Resources Corp. acquired Delaware Basin sour gathering and compression assets (two bolt-on transactions; sellers not disclosed) for $213 million, a transaction completed in December 2025, structured as Two bolt-on asset acquisitions for cash.

Delaware Basin sour gathering and compression assets (two bolt-on transactions; sellers not disclosed) operates in Gathering and Processing, is based in Delaware Basin (Permian), West Texas / New Mexico, U.S.. In December 2025 Targa Resources completed two small bolt-on acquisitions of sour natural gas gathering and compression assets in the Delaware Basin for aggregate cash consideration of approximately $213 million. The transactions added roughly 300,000 dedicated acres plus more than 2 million acres in areas of mutual interest, driving new integrated volumes and extending Targa's reach with new and existing customers. The acquired assets have been fully integrated into Targa's Delaware Basin gathering and processing system. The deals were disclosed in Targa's fourth quarter and full year 2025 results release; the counterparties were not named.

Add dedicated acreage and areas of mutual interest, drive incremental integrated volumes, extend commercial reach with new and existing customers and bolt directly onto Targa's existing Delaware Basin system.

Advisory firms were not disclosed for this transaction.

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