Midland Reporter-Telegram
Just days after Targa Resources announced plans to sell its Permian Basin crude oil gathering network, the assets were snapped up.
Midland’s Oryx Midstream has agreed to pay $135 million for the assets in a deal expected to close next month, according to Brett Wiggs, Oryx CEO.
Wiggs said the assets the company is acquiring from Targa in the Delaware Basin “fits our system really well.”