Targa Resources Corp. Announces 20-Year Agreements with ExxonMobil and Announces Three New Natural Gas Processing Plants in the Permian Delaware

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  "company": {
    "name": "Targa Resources",
    "domain": "targaresources.com"
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  "data": {
    "url": "https://www.globenewswire.com/news-release/2026/08/17/3346477/14074/en/targa-resources-corp-announces-20-year-agreements-with-exxonmobil-and-announces-three-new-natural-gas-processing-plants-in-the-permian-delaware.html",
    "title": "Targa Resources Corp. Announces 20-Year Agreements with ExxonMobil and Announces Three New Natural Gas Processing Plants in the Permian Delaware",
    "excerpt": "Highlights HOUSTON, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) today announced the execution of new long-term, integrated midstream agreements with subsidiaries of ExxonMobil, further strengthening the parties’ strategic relationship across the Permian Basin. Targa has entered into long-term fee-based agreements with ExxonMobil for integrated natural gas gathering and processing (“G&P”) and downstream services in the Permian Basin. These agreements meaningfully add to and extend our strategic relationship with ExxonMobil with significant acreage dedications in the Delaware and Midland basins under 20-year agreements. In the Permian Delaware our agreements with ExxonMobil add significant new acreage dedications for integrated fee-based services, including gathering, processing, treating, NGL transportation, and fractionation through 2046. In the Permian Midland, our agreements add new acreage dedications and extend our existing fee-floor gathering and processing agreements through 2046. The agreements in both the Delaware and Midland include 20-year NGL dedications to Targa’s logistics and transportation (“L&T”) systems. The new commercial agreements will add substantial long-term volume growth across Targa’s integrated wellhead to water position, utilizing our existing infrastructure, projects currently underway, and planned...",
    "summary": "Targa Resources Corp. signed new 20-year agreements with ExxonMobil for integrated natural gas gathering, processing, and downstream services in the Permian Basin.",
    "location": "Permian Basin, USA",
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    "image_url": "https://ml.globenewswire.com/Resource/Download/4adbb0ec-38d0-43ea-8650-c8ebf185d0be",
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    "published_at": "2026-08-17T20:15:00Z",
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        "country": "United States",
        "continent": "Americas",
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    "article_sentence": "Targa has entered into long-term fee-based agreements with ExxonMobil for integrated natural gas gathering and processing (“G&P”) and downstream services in the Permian Basin.",
    "related_company_name": "ExxonMobil",
    "related_company_domain": "exxonmobil.com"
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