Targa to buy Permian midstream assets for up to $1.5 billion

Targa Resources Corp. has agreed on behalf of subsidiary Targa Resources Partners LP to acquire 100% of the membership interests of Outrigger Delaware Operating LLC, Outrigger Southern Delaware Operating LLC, and Outrigger Midland Operating LLC for $565 million cash and up to $935 million in additional cash as potential earn-out payments.

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