Targa Resources is snapping up a raft of gas and crude assets in the core domestic Permian basin from Outrigger Energy in a deal that could rise to $1.5 billion.
Houston-based Targa is buying the assets in a number of counties in Texas in the Delaware and Midland sub-basins.
The purchase amount is $565 million, but the seller could see an additional $935 million coming its way next year and 2019 if certain performance-linked measures are met.
