M&A Deal Summary

Targa Resources Acquires Outrigger Southern Delaware Operating

On January 23, 2017, Targa Resources acquired energy services and equipment company Outrigger Southern Delaware Operating

Acquisition Highlights
  • This is Targa Resources’ 9th transaction in the Energy Services and Equipment sector.
  • This is Targa Resources’ 9th transaction in the United States.
  • This is Targa Resources’ 2nd transaction in Delaware.

M&A Deal Summary
Date 2017-01-23
Target Outrigger Southern Delaware Operating
Sector Energy Services and Equipment
Buyer(s) Targa Resources
Deal Type Add-on Acquisition

Target

Outrigger Southern Delaware Operating

Delaware, United States
Outrigger Delaware assets include 70 million cubic feet per day of processing capacity.

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Buyer(S) 1

Buyer

Targa Resources

Houston, Texas, United States
Category Company
Founded 2005
Sector Energy Services and Equipment
Employees3,182
Revenue 16.1B USD (2023)
DESCRIPTION

Targa Resources is an independent midstream energy companies in the U.S., providing gas gathering, processing, fractionation and transportation through an extensive portfolio of integrated midstream assets. Targa Resources was founded in 2005 and is based in Houston, Texas.

DEAL STATS #
Overall 9 of 12
Sector (Energy Services and Equipment) 9 of 10
Type (Add-on Acquisition) 2 of 3
State (Delaware) 2 of 2
Country (United States) 9 of 12
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-23 Outrigger Midland Operating

Midland, Michigan, United States

Outrigger Midland Operating LLC is a provider of midstream services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-19 Targa Badlands

Houston, Texas, United States

Targa Badlands consists of operations and energy assets located in the Bakken and Three Forks Shale plays of the Williston Basin in North Dakota and include approximately 500 miles of crude oil gathering pipelines, 120 MBbl of operational crude oil storage capacity at the Johnsons Corner Terminal, 30 MBbl of operational crude oil storage capacity at the Alexander Terminal, 30 MBbl of operational crude oil storage at New Town and 25 MBbl of operational crude oil storage at Stanley. is a North Dakota based energy company comprising Bakken assets.

Buy -
Mergr

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