Targa Resources, through its fully owned subsidiary, has agreed to acquire US-based oil and gas company Stakeholder Midstream for $1.25bn in cash. Stakeholder offers natural gas gathering, treating and processing services, as well as crude oil gathering and storage services in the Permian Basin. The company operates approximately 480 miles (772km) of natural gas pipelines, with a daily cryogenic natural gas processing and sour treating capacity of around 180 million cubic feet per day. It also manages c ...