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Targa Resources Corp. Launches Non-Binding Open Season for Natural Gas Pipeline in the Delaware Basin
Globenewswireยท 2025-09-02 12:30
Core Viewpoint - Targa Resources Corp. has launched a non-binding open season for its Forza Pipeline Project, aimed at supporting the increasing natural gas production in the Delaware Basin, with the open season running from September 2 to October 2, 2025 [1][2]. Project Details - The Forza Project will consist of 36 miles of 36-inch diameter pipe, providing 750 dekatherms per day of primary firm transportation service from Lea County, New Mexico to delivery points near the Waha Hub in Texas [2]. - The project aims to connect new and existing gas processing facilities to in-basin demand and other markets, with a completion target set for mid-2028, contingent on shipper interest and regulatory approvals [2]. Participation and Information - Interested parties can participate in the open season to secure firm transportation capacity, with more details available on Targa's website [3]. - Pro forma agreements will be provided to prospective shippers upon signing a confidentiality agreement [3]. Company Overview - Targa Resources Corp. is a leading provider of midstream services and one of the largest independent infrastructure companies in North America, focusing on the efficient delivery of energy across the U.S. and globally [4]. - The company operates a diversified portfolio of assets that connect natural gas and NGLs to domestic and international markets, catering to the growing demand for cleaner fuels [4].