NGLS [delisted] Targa Resources Partners LP

DELISTED - Targa Resources Partners LP owns, operates, acquires, and develops midstream energy assets in the United States.

The company?s Gathering and Processing division is involved in gathering, compressing, dehydrating, treating, conditioning, processing, and marketing natural gas; and gathering crude oil.

This division gathers and processes natural gas from the Permian Basin in West Texas and Southeast New Mexico; the Fort Worth Basin, including the Barnett Shale, in North Texas; and the Williston Basin in North Dakota, as well as from the onshore and offshore regions of the Louisiana Gulf Coast and the Gulf of Mexico.

It supplies natural gas through its gathering systems that comprise approximately 11,400 miles of natural gas pipelines.

This division sells its residue gas to end users, such as commercial and industrial customers; and natural gas and electric utilities serving individual consumers, as well as to marketers into intrastate or interstate pipelines.

Its Logistics and Marketing division converts mixed natural gas liquids (NGLs) into NGL products; provides value added services, such as fractioning, storing, terminaling, transporting, exporting, distributing, and marketing NGLs and NGL products; and storing and terminaling of refined petroleum products and crude oil, as well as supplies and markets natural gas.

It serves end-users of NGL products, such as petrochemical and refining companies, and propane markets for heating, cooking, or crop drying applications through pipelines, barges, ships, trucks, and rail cars.

This division owns or operates 39 storage wells with a storage capacity of approximately 64 million barrels.

As of December 31, 2014, its transportation assets consisted of 716 leased and managed railcars, 75 owned and leased transport tractors, and 22 company-owned pressurized NGL barges.

The company was founded in 2006 and is based in Houston, Texas.

Targa Resources Partners LP is a subsidiary of Targa Resources Corp.