Targa Resources is making a bold move to strengthen its Permian Basin midstream network. The company announced a $1.6 billion investment to construct the Speedway NGL Pipeline, a 500-mile, 30-inch diameter system that will move up to 500,000 barrels per day of natural gas liquids (NGLs) from the Delaware and Midland basins to its fractionation and storage hub in Mont Belvieu, Texas. The project is expected online by Q3 2027.

Targa Resources Corp. (NYSE: TRGP) has announced a non-binding open season for its proposed Forza Pipeline Project, designed to expand natural gas transportation capacity in the Delaware Basin (Southeast New Mexico).

The Permian Basin remains the engine of U.S. energy growth — and Targa Resources is making sure its midstream network keeps pace. In its Q2 2025 earnings call, Targa painted a picture of an operator running flat-out: record gas volumes, multiple plant projects ahead of schedule, and an aggressive buildout of gathering and takeaway infrastructure.

In June 2025, Targa Midland LLC received Permit Amendment 09661 authorizing a major pipeline addition totaling over 82 miles across Borden, Dawson, Howard, and Martin counties. This expansion cements Targa’s strategy to optimize flow assurance from the wellhead to its Gulf Coast export network.

The New Mexico Environment Department (NMED) fined Targa Northern Delaware LLC $47.8 million and mandated $140 million in facility upgrades for excessive emissions at the Red Hills Gas Processing Plant, which released nearly 2 million pounds of pollutants beyond permitted levels.

In the latest earnings release, Targa Resources showcased its impressive performance in the Permian Basin, reaffirming its commitment to expanding capacity in this prolific region. The third quarter of 2024 was marked by record volumes and the announcement of key infrastructure projects, including the Falcon II Plant and East Driver…

Targa commenced operations at its new 275 MMcf/d Wildcat II plant in Permian Delaware ahead of schedule and on-budget. Construction continues on its 275 MMcf/d Greenwood II plant in Permian Midland, and its 230 MMcf/d Roadrunner II and 275 MMcf/d Bull Moose plants in Permian Delaware. In its L&T segment, construction continues on Targa’s 120 thousand barrels per day (“MBbl/d”) Train 9 fractionator and its 120 MBbl/d Train 10 fractionator in Mont Belvieu, Texas, its Daytona NGL Pipeline and Targa continues to make progress on the reactivation of Gulf Coast Fractionators (“GCF”). Targa remains on-track to complete these expansions as previously disclosed.

Targa Resources has been approved to build a 32 mile DELAWARE to PERMIAN PIPELINE LLC that connects Crane and Pecos counties.