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Targa Resources and ExxonMobil sign 20-year midstream partnership to manage growing gas volumes in the Permian Basin.

Aug 26, 2026about 4 hours ago

Contract Type

partnership

HoustonEnergyOil And GasNatural Resources

Description

Targa Resources has secured a long-term midstream partnership with ExxonMobil, involving comprehensive services across the Delaware and Midland sub-basins. This expansion builds on their existing relationship and accommodates the increasing production of natural gas by ExxonMobil.

Company Information

Company

Targa Resources

Location

1000 Louisiana

Houston, Texas, United States

About

Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent infrastructure companies in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic infrastructure assets, and its operations are critical to the efficient, safe and reliable delivery of energy across the United States and increasingly to the world. The Company’s assets connect natural gas and NGLs to domestic and international markets with growing demand for cleaner fuels and feedstocks.

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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