Targa Resources’ $1.6 billion Speedway NGL Pipeline is advancing toward its planned Q3 2027 startup, with seven new Texas air permits for pump stations providing facility-level evidence that construction and infrastructure development are progressing. For OFS suppliers, the permits create actionable sales triggers across pumps, valves, automation, electrical, instrumentation, construction, commissioning and maintenance, with the immediate priority being to identify the EPCs and contractors supporting Pump Stations 2601–2607.

Targa Resources signed 20-year midstream agreements with ExxonMobil and plans three Delaware Basin gas processing plants totaling approximately 825 MMcf/d of capacity. The company will also build the 70-mile Bull Run II pipeline to Waha, with the new infrastructure targeted to enter service in the first half of 2028.

Targa Resources is advancing several major Permian Basin pipeline projects, including the Blackcomb and Traverse natural gas pipelines and the Speedway NGL Pipeline, to support growing production and relieve takeaway constraints. The company expects these projects to improve market access, increase NGL transportation capacity, and create significant opportunities for midstream construction, operations, and oilfield service providers through 2027.

Targa Delaware’s newly approved Rooster Compressor Station in Ward County reflects rising associated gas volumes and increasing system pressure needs in the Delaware Basin. With 125 wells drilled in 2025 led by operators like APA, Crescent, and Continental, midstream infrastructure expansion is keeping pace with sustained, gas-intensive development in the Permian’s western core.

n early January 2026, Targa Delaware LLC filed a Standard Permit air authorization for the YETI Gas Plant — formally kicking off regulatory approval for what will be one of the most important new gas processing facilities in the Permian Delaware Basin.

Targa Resources (NYSE: TRGP) has announced a major strategic step in the Permian Basin, agreeing to acquire Stakeholder Midstream for $1.25 billion in cash. The deal adds high-quality gathering, processing, and treating infrastructure in one of the most prolific natural gas growth regions in North America — and positions Targa to capture long-term, fee-based volumes with minimal capital requirements.

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.