Targa is a leading provider of midstream services as one of the largest independent midstream infrastructure companies in North America. Targa was approved this week by the Texas Railroad Commission for permit T10456, total distance 562 miles and the Operator is listed as APEX PIPELINE LLC. Based on the counties listed (see below) I am assuming the permit is related to the Grand Prix NGL Pipeline project.
Counties Related to Permit
BELL, BRAZOS, BROWN, CALLAHAN, COMANCHE, CORYELL, FALLS, GLASSCOCK, GRIMES,
HAMILTON, JEFFERSON, LIBERTY, MCLENNAN, MIDLAND, MILAM, MITCHELL, MONTGOMERY,
NOLAN, ROBERTSON, SAN JACINTO, STERLING, TAYLOR, WALKER
Oil & Gas Permit Download
Targa Pipeline Permits
Targa Air Permits
Grand Prix NGL Pipeline
In November 2022, supported by the growth in NGLs from Targa’s underlying assets and future plant additions, Targa announced plans to construct the Daytona NGL Pipeline as an addition to Targa’s existing common carrier Grand Prix NGL Pipeline system. The Daytona NGL Pipeline will transport NGLs from the Permian Basin and connect to the 30-inch diameter segment of Targa’s Grand Prix NGL Pipeline in North Texas, where volumes will be transported to Targa’s fractionation and storage complex in Mont Belvieu.
The Daytona NGL Pipeline is expected to be in service by the end of 2024, at an estimated cost of approximately $650 million. Grand Prix Pipeline LLC (the “Grand Prix Joint Venture”), of which Targa owns 75% and Blackstone Energy Partners owns 25%, will own the Daytona NGL Pipeline and each member will fund their respective share of the pipeline’s cost based on their ownership percentage. Targa is constructing and operating the Daytona NGL Pipeline. Targa expects to fund the construction of the Daytona NGL Pipeline through the utilization of operating cash flows and available liquidity.
Map of Permit T10456
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