Targa Resources Corp., Houston, plans to construct a common carrier NGL pipeline to transport volumes from the Permian basin, and also from Targa’s North Texas system, to the company’s fractionation and storage complex at Mont Belvieu, Tex.
Grand Prix will be supported by Targa’s volumes and other third-party customer commitments and is expected to be in service during second-quarter 2019. The capacity of the pipeline from the Permian will be 300,000 b/d, expandable to 550,000 b/d.
Targa says its current and future gas processing plants and third-party connections are expected to generate significant NGL volumes for Grand Prix.
Targa in the Permian has 1.7 bcfd of current gas processing capacity after its recently completed acquisition of Outrigger Delaware Operating LLC, Outrigger Southern Delaware Operating LLC, and Outrigger Midland Operating LLC (OGJ Online, Jan. 24, 2017). Targa also has 700 MMcfd of processing capacity being added across both the Midland and Delaware basins.
Total growth capital for Grand Prix is expected to be $1.3 billion, with $250 million of spending in 2017. Total 2017 net growth capital spending from Targa’s current list of announced projects is now $1.2 billion.
