Targa Resources Secures 20-Year Deal With ExxonMobil

Targa Resources Corp (TRGP) announced a major infrastructure expansion after securing long-term, fee-based agreements with ExxonMobil (XOM) across the Permian Delaware and Midland basins. The deal significantly bolsters Targa’s processing and takeaway capabilities while offering midstream investors enhanced cash-flow visibility. Key Takeaways Targa Resources executed 20-year fee-based midstream…