Targa Resources Partners LP and Targa Resources Corp. Complete Acquisitions of Atlas Pipeline Partners, L.P. and Atlas Energy...
28 February 2015 - 9:15AM
Targa Resources Partners LP (NYSE:NGLS) (the "Partnership") and
Targa Resources Corp. (NYSE:TRGP) (the "Company") announced today
that they completed the acquisitions of Atlas Pipeline Partners,
L.P. and Atlas Energy, L.P, respectively.
"We are pleased that the mergers are now completed," said Joe
Bob Perkins, Chief Executive Officer of the general partner of the
Partnership and of the Company. "The strategic fit of the
businesses and the fit of the people are extraordinary, and the
addition of the people and assets enhances the services that we can
offer to our customers."
About Targa Resources Corp. and Targa Resources Partners
LP
Targa Resources Corp. is a publicly traded Delaware corporation
that owns the general partner interest, all of the outstanding
incentive distribution rights and a portion of the outstanding
limited partner interests in the Partnership.
Targa Resources Partners LP is a publicly traded Delaware
limited partnership formed in October 2006 by its parent, Targa
Resources Corp. to own, operate, acquire and develop a diversified
portfolio of complementary midstream energy assets. The Partnership
is a leading provider of midstream natural gas, NGL, terminaling
and crude oil gathering services in the United States. The
Partnership is engaged in the business of gathering, compressing,
treating, processing and selling natural gas; storing,
fractionating, treating, transporting and selling NGLs and NGL
products; gathering, storing and terminaling crude oil; and
storing, terminaling and selling refined petroleum products.
The principal executive offices of Targa Resources Corp. and
Targa Resources Partners LP are located at 1000 Louisiana, Suite
4300, Houston, TX 77002 and their telephone number is
713-584-1000.
CONTACT: Investor contact:
713-584-1133
Jennifer Kneale
Director, Finance
Matt Meloy
Senior Vice President, Chief Financial Officer and Treasurer
Targa Resources (NYSE:TRGP)
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