Targa Resources: 20-Year Contract with ExxonMobil Ensures Cash Flows in the Permian Basin
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An integrated midstream business model enables well-planned revenues through fee-based contracts. The new 20-year contract with ExxonMobil secures significant volumes and ensures long-term utilization of the networks. Growth investments for 2026 rise to $5.0 billion for the construction of three processing plants and a new pipeline. Integrated Midstream Network as Foundation Targa Resources (TRGP) provides midstream services for natural gas and natural gas liquids (NGLs). The company gathers, transports, processes, stores, and fractionates...
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