Oryx Midstream is acquiring Targa Resources’ Permian crude gathering pipelines and storage terminals for $135 million. Oryx adds to its more than 1,200 miles of pipeline and 2.1 MMbo of storage. It is already the largest privately held pipeline and storage terminal operator in the Permian. The deal is expected to close in Q4. Targa announced its plan to sell the assets following a $78.6 million loss on $1.9 billion of revenue during Q3,......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.