Targa Resources Partners LP (NYSE: NGLS) will acquire Saddle Butte Pipeline LLC’s ownership percentage of the Williston Basin crude oil pipeline for $950 million in cash.

The business includes about 155 miles of crude oil pipelines, and includes oil operational storage capacity of 70,000 barrels, plus 95 miles of natural gas gathering pipelines. Targa, based in Houston, is a midstream oil and natural gas company.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.