Targa Resources Corp. To Acquire Lucid Energy From Riverstone Holdings And Goldman Sachs Asset Management For $3.55Bn; Provides Updated 2022 Standalone Financial Outlook
Acquiring Company
Targa Resources
Acquired Company
Lucid Energy
HoustonEnergyOil And GasNatural ResourcesEnergyNatural ResourcesDescription
Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) and Lucid Energy Group, a leading privately held natural gas processor in the Permian Basin, announced today a definitive agreement under which a wholly-owned subsidiary of Targa will acquire Lucid Energy Delaware, LLC (“Lucid”) from Riverstone Holdings LLC (“Riverstone”) and Goldman Sachs Asset Management (“Goldman Sachs”), for $3.55 billion in cash.
Quick answer
Targa Resources is acquiring Lucid Energy for $3.5 billion, announced June 16, 2022. Targa Resources is based in Houston, Texas, United States.
- How much did Targa Resources pay for Lucid Energy?
- The reported deal value is $3.5 billion.
- What does Targa Resources do?
- Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent infrastructure companies in North America.
- Where are Targa Resources and Lucid Energy based?
- Targa Resources is based in Houston, Texas, United States.
- Who are the decision-makers at Targa Resources?
- Fundz holds 3 contacts at Targa Resources. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Lucid Energy?
Lucid Energy was acquired by Targa Resources, based in Houston. The deal was reported on June 16, 2022. Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent infrastructure companies in North America. Targa Resources is publicly traded (TRGP) and operates in Energy.
When did Targa Resources acquire Lucid Energy?
Targa Resources's acquisition of Lucid Energy was reported on June 16, 2022. Targa Resources Corp. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Lucid Energy do?
Lucid Energy Group is the largest privately held natural gas processor in the Permian Basin, providing the full range of gas midstream services to more than 50 customers in New Mexico and West Texas. It is privately held, operating in Energy.
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