Targa Resources Corp. is expanding its cryogenic natural gas processing and fractionation capacities as part of the operator’s broader strategy to further extend its Permian basin gathering and processing position amid heightened demand from producers (OGJ Online, Aug. 9, 2022).
Construction continues on Targa’s 275 MMcfd Legacy II plant and 275 MMcfd Greenwood plant in Midland basin, as well as on the 275 MMcfd Midway plant and 275 MMcfd Wildcat II plant in Delaware basin, the operator told investors on Feb. 22 in its fourth-quarter 2022 earnings report.
In response to rising production in the region, Targa also confirmed it is relocating an existing natural gas processing plant in the Eagle Ford shale region of South Texas to the Delaware basin to meet increased producer demand. Acquired as part of its 2022 purchase of Southcross Energy Operating LLC, the plant will be installed as the new 230-MMcfd Roadrunner II plant (OGJ Online, Mar. 18, 2022).
The five new plants will collectively add more than 1.2 bcfd of gas processing capacity to Targa’s Permian operations upon their targeted in-service dates of:
- Legacy II (Midland), second-quarter 2023.
- Midway (Delaware), second-quarter 2023.
- Greenwood (Midland), fourth-quarter 2023.
- Wildcat II (Delaware), first-quarter 2024.
- Roadrunner II (Delaware), second-quarter 2024.
Targa said construction also remained ongoing during fourth-quarter 2022 on its 120,000-b/d Train 9 fractionator in Mont Belvieu, Tex., and its Daytona NGL pipeline, which will transport NGLs from the Permian basin to the 30-in. OD Grand Prix segment of the common-carrier 550,000-b/d Grand Prix NGL pipeline system in North Texas for further delivery to the operator’s Mont Belvieu fractionation and storage complex (OGJ Online, Nov. 7, 2022).
The Train 9 fractionator remains on schedule for startup in second-quarter 2024, with the Daytona NGL pipeline due to be in service by yearend 2024, Targa said.