Targa Resources to Acquire Permian Basin Gathering & Processing System for $1.25 Billion
- Last Updated on December 3, 2025
Targa Resources announced a definitive agreement under which a wholly-owned subsidiary of Targa will acquire Stakeholder Midstream, LLC (“Stakeholder”) for $1.25 billion in cash. Stakeholder provides natural gas gathering, treating, and processing services and crude gathering and storage services in the Permian Basin, including approximately 480 miles of natural gas pipelines, approximately 180 million cubic feet
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