Crude oil production in the Permian continues to grow, gas-to-oil ratios in the basin are on the rise, and a slew of new gas processing plants are coming online, extracting more and more NGLs that need to be transported, fractionated and shipped to end-users. Targa Resources, with its full slate of NGL-related assets — gathering systems, processing plants, NGL pipelines, fractionators and an LPG terminal — is a big winner in all this. In today’s RBN blog, we continue our series on the U.S.’s robust and growing NGL networks with a look at Targa’s array of assets in the Permian and other production areas.
In Part 1 of this series, we said that the rise in U.S. NGL production in the early years of the Shale Era was accompanied by a massive build-out of the infrastructure required to take NGLs from the wellhead to the consumers of ethane, propane and other NGL “purity products.” While we have written countless blogs about the bits and pieces of infrastructure development, what we haven’t done, at least until now, is discuss in holistic terms the NGL networks that a handful of large midstream companies have come to own and operate. We started our review with Energy Transfer, which owns NGL networks in Texas and the Northeast.
Visualize the infrastructure behind U.S. NGL movement.
The U.S. NGLs Map provides a comprehensive view of the transport, processing, and export networks moving NGLs across the U.S.
Today, we turn our attention to Targa Resources, which, in addition to being a major gas gatherer and processor in West Texas and southeastern New Mexico, owns gathering and processing assets in South Texas, North Texas, Oklahoma, coastal/offshore Louisiana and western North Dakota. Targa also owns the massive Grand Prix NGL pipeline system stretching from the Permian and Anadarko basins to the Gulf Coast and is developing the Daytona NGL pipeline as an expansion to Grand Prix. Finally, the company is one of the biggest players in Mont Belvieu, the fractionation hub east of Houston, and owns and operates a huge LPG export terminal along the Houston Ship Channel at Galena Park.
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About the song
“… Ready For It?” was written by Taylor Swift, Max Martin, Shellback, and Ali Payami. The song appears as the first song on Taylor Swift’s sixth studio album, Reputation. Produced by Max Martin, Shellback, and Ali Payami, the electropop song was released as a single in October 2017. It went to #4 on the Billboard Hot 100 Singles chart and has been certified 2X Platinum by the Recording Industry Association of America (RIAA). The song won two awards at the 2019 BMI Awards ceremony. Personnel on the record were: Taylor Swift (vocals), Max Martin (keyboards, programming), Shellback (keyboards, programming), and Ali Payami (keyboards, programming).
Reputation was recorded in 2017 at Conway Recording Studios in Los Angeles; MXM in Los Angeles and Stockholm, Sweden; Rough Customer in Brooklyn, NY; Seismic Activities in Portland, OR; and Tree Sound in Atlanta. The album was produced by Taylor Swift, Jack Antonoff, Shellback, and Max Martin. Released in November 2017, it went to #1 on the Billboard Top 200 Albums chart and has been certified 3X Platinum by the RIAA. Five singles were released from the LP.
Taylor Swift is an American singer-songwriter. She has released nine studio albums, three live albums, two compilation albums, 10 EPs, and 54 singles. Swift has won 10 Grammy Awards, one Emmy Award, 32 American Music Awards, one Brit Award, 23 Billboard Music Awards, 12 Country Music Association Awards, eight Academy of Country Music Awards, two BMI Awards, and is a member of the Songwriters Hall of Fame. She recently completed a major U.S tour that will be followed up with international stops starting in November.
