TRGP’s capital projects
Targa Resources (TRGP) plans to drive growth through investment in new projects and limit the impact of changes in commodity prices. Targa Resources has completed two major projects, the CBF Train 5 Expansion and the West Texas Buffalo Plant, in 2016.
The company received approval for a new 200 MMcf/d (million cubic feet per day) plant in West Texas in November 2016. The company expects the plant to be completed in 4Q17. The above table lists TRGP’s key capital projects and their expected completion dates.
TRGP expects the 200 MMcf/d Raptor plant in South Texas that it is constructing in a joint venture with Sanchez Energy (SN) to be in service in the first quarter of 2017.