The Investor
02 Sep 2025, 20:48
Targa Resources Launches Open Season for Delaware Basin Gas Pipeline
HOUSTON, Sept. 2, 2025 – Targa Resources Corp. (NYSE: TRGP) announced the launch of a non-binding open season for its proposed Forza Pipeline Project, a new interstate natural gas pipeline designed to support growing production in the Delaware Basin.
The project includes 36 miles of 36-inch pipe with capacity to transport 750,000 dekatherms per day from Lea County, New Mexico to delivery points near the Waha Hub in Texas. It will connect both new and existing processing facilities to in-basin and downstream demand markets.
The open season runs from September 2, 2025, to October 2, 2025, with completion of the project targeted for mid-2028, pending regulatory approvals and shipper commitments.
Diamondback will maintain a 30% equity interest in Deep Blue and remain a key customer through a renewed 15-year water dedication agreement across 12 counties in the Midland Basin.
HOUSTON, Sept. 2, 2025 – Targa Resources Corp. (NYSE: TRGP) announced the launch of a non-binding open season for its proposed Forza Pipeline Project, a new interstate natural gas pipeline designed to support growing production in the Delaware Basin.
The project includes 36 miles of 36-inch pipe with capacity to transport 750,000 dekatherms per day from Lea County, New Mexico to delivery points near the Waha Hub in Texas. It will connect both new and existing processing facilities to in-basin and downstream demand markets.
The open season runs from September 2, 2025, to October 2, 2025, with completion of the project targeted for mid-2028, pending regulatory approvals and shipper commitments.
Diamondback will maintain a 30% equity interest in Deep Blue and remain a key customer through a renewed 15-year water dedication agreement across 12 counties in the Midland Basin.
