Outrigger Energy To Sell Permian Basin Midstream Assets for up to $1.5 Billion

Outrigger Energy LLC (“Outrigger”) and certain of its partners and affiliates, today announced the signing of definitive agreements with a subsidiary of Targa Resources Corp. (“Targa”) whereby Targa has agreed to acquire Outrigger’s three midstream subsidiaries in the Permian Basin (“Outrigger Permian”) for cash consideration of up to $1.5 billion, subject to certain adjustments.

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