Targa Resources Corp. Launches Non-Binding Open Season for Natural Gas Pipeline in the Delaware Basin
Targa Resources Corp. (NYSE:TRGP) has launched a non-binding open season for its proposed Forza Pipeline Project in the Delaware Basin. The project features 36 miles of 36-inch diameter pipe with a capacity of 750 dekatherms per day of primary firm transportation service.
The pipeline will connect receipt points in Lea County, New Mexico to multiple delivery points near the Waha Hub in Texas, linking gas processing facilities to in-basin demand and other markets. The open season runs from September 2 to October 2, 2025, with project completion targeted for mid-2028, subject to shipper interest and regulatory approvals.
Targa Resources Corp. (NYSE:TRGP) ha avviato una open season non vincolante per il suo proposto Forza Pipeline Project nel Bacino del Delaware. Il progetto prevede 36 miglia di condotta del diametro di 36 pollici con una capacità di 750 dekatherm al giorno per il servizio di trasporto primario firm.
Il gasdotto collegherà punti di ricezione nella Contea di Lea, New Mexico a più punti di consegna nei pressi dell'Waha Hub in Texas, mettendo in collegamento impianti di trattamento del gas con la domanda locale e altri mercati. L'open season si svolge dal 2 settembre al 2 ottobre 2025, con completamento del progetto previsto per la metà del 2028, subordinato all'interesse degli shipper e alle approvazioni regolamentari.
Targa Resources Corp. (NYSE:TRGP) ha iniciado una open season no vinculante para su propuesto Forza Pipeline Project en la Cuenca de Delaware. El proyecto contempla 36 millas de tubería de 36 pulgadas de diámetro con una capacidad de 750 dekatherms por día para servicio de transporte firme primario.
El gasoducto conectará puntos de recepción en la condado de Lea, Nuevo México con múltiples puntos de entrega cerca del Waha Hub en Texas, enlazando instalaciones de procesamiento de gas con la demanda en la cuenca y otros mercados. La open season se desarrolla del 2 de septiembre al 2 de octubre de 2025, y la finalización del proyecto está prevista para la mitad de 2028, sujeta al interés de los transportistas y aprobaciones regulatorias.
Targa Resources Corp. (NYSE:TRGP)는 델라웨어 분지에 제안한 Forza Pipeline Project에 대해 비구속성 오픈시즌을 시작했습니다. 이 프로젝트는 직경 36인치, 길이 36마일의 파이프라인으로 일일 750 데카섬(데카텀)의 수송 용량을 가진 1차 확정 운송 서비스를 제공합니다.
이 파이프라인은 뉴멕시코주 리아 카운티(Lea County)의 수령 지점들을 텍사스의 Waha 허브 인근의 여러 인도 지점과 연결하여 가스 처리 시설을 지역 수요 및 기타 시장과 연결합니다. 오픈시즌은 2025년 9월 2일~10월 2일이며, 프로젝트 완료는 2028년 중반을 목표로 하고 있으나 운송업체의 관심과 규제 승인에 따릅니다.
Targa Resources Corp. (NYSE:TRGP) a lancé une open season non contraignante pour son projet proposé Forza Pipeline Project dans le bassin du Delaware. Le projet comprend 36 miles de conduite de 36 pouces de diamètre avec une capacité de 750 dekatherms par jour pour un service de transport ferme principal.
Le pipeline reliera des points de réception dans le comté de Lea, Nouveau-Mexique à plusieurs points de livraison près du Waha Hub au Texas, reliant les installations de traitement du gaz à la demande locale et à d'autres marchés. L'open season se déroule du 2 septembre au 2 octobre 2025, et l'achèvement du projet est prévu pour mi-2028, sous réserve de l'intérêt des expéditeurs et des approbations réglementaires.
Targa Resources Corp. (NYSE:TRGP) hat eine unverbindliche Open Season für das vorgeschlagene Forza Pipeline Project im Delaware-Becken gestartet. Das Projekt umfasst 36 Meilen einer 36-Zoll-Rohrleitung mit einer Kapazität von 750 Dekathermen pro Tag für primären festen Transportsservice.
Die Pipeline wird Empfangspunkte im Lea County, New Mexico mit mehreren Lieferpunkten in der Nähe des Waha Hub in Texas verbinden und Erdgasverarbeitungsanlagen mit Nachfrage im Becken sowie anderen Märkten verknüpfen. Die Open Season läuft vom 2. September bis 2. Oktober 2025, die Fertigstellung ist für Mitte 2028 vorgesehen und hängt vom Interesse der Versender sowie von behördlichen Genehmigungen ab.
- Project will support increasing natural gas production in the Delaware Basin
- Strategic connection to Waha Hub provides access to multiple demand markets
- Pipeline infrastructure expansion supports regional growth
- Project completion not expected until mid-2028
- Final development subject to shipper interest and regulatory approvals
HOUSTON, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today the launch of a non-binding open season for its proposed Forza Pipeline Project (“Forza Project”), a new interstate natural gas pipeline that will support increasing natural gas production in the Delaware Basin in Southeast New Mexico. The open season begins at 8:00 a.m. Central Standard Time September 2, 2025, and is scheduled to end at 5:00 p.m. Central Standard Time on October 2, 2025.
The Forza Project consists of 36 miles of 36-inch diameter pipe, providing 750 dekatherms per day (“Dth/d”) of primary firm transportation service from receipt points in Lea County, New Mexico to multiple delivery points near the Waha Hub in Texas, and will connect new and existing gas processing facilities to in-basin demand and other demand markets. Pending shipper interest and necessary regulatory approvals, the project is scheduled for completion in mid-2028.
Interested parties are invited to participate in the open season to secure firm transportation capacity on the Forza Project. More detailed information about the open season is available on the Natural Gas Pipelines page on Targa’s website, at https://www.targaresources.com/natural-gas-pipelines. Pro forma agreements will be made available to prospective shippers upon execution of a confidentiality agreement.
Inquiries about the Open Season or this notice should be directed to:
JB Smith
Vice President, Commercial Gas Pipelines
Targa Resources Corp.
john.smith@targaresources.com
214-420-4936
About Targa Resources Corp.
Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent infrastructure companies in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic infrastructure assets and its operations are critical to the efficient, safe and reliable delivery of energy across the United States and increasingly to the world. The Company’s assets connect natural gas and NGLs to domestic and international markets with growing demand for cleaner fuels and feedstocks. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling NGLs and NGL products, including services to LPG exporters; and gathering, storing, terminaling, and purchasing and selling crude oil.
Targa is a FORTUNE 500 company and is included in the S&P 500.
For more information, please visit the Company’s website at www.targaresources.com.
Targa Investor Relations
InvestorRelations@targaresources.com
(713) 584-1133
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