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    Targa Resources Partners LP (NGLS)

    -NYSE
    42.68 Down 1.14(2.60%) Mar 2, 4:04PM EST
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    Targa Resources Partners LP
    1000 Louisiana Street
    Suite 4300
    Houston, TX 77002
    United States - Map
    Phone: 713-584-1000
    Website: http://www.targaresources.com

    Details 
    Index Membership:N/A
    Sector:Basic Materials
    Industry:Oil & Gas Pipelines
    Full Time Employees:N/A

    Business Summary 

    Targa Resources Partners LP owns, operates, acquires, and develops midstream energy assets in the United States. The company’s Gathering and Processing division is involved in gathering, compressing, dehydrating, treating, conditioning, processing, and marketing natural gas; and gathering crude oil. This division gathers and processes natural gas from the Permian Basin in West Texas and Southeast New Mexico; the Fort Worth Basin, including the Barnett Shale, in North Texas; and the Williston Basin in North Dakota, as well as from the onshore and offshore regions of the Louisiana Gulf Coast and the Gulf of Mexico. It supplies natural gas through its gathering systems that comprise approximately 11,400 miles of natural gas pipelines. This division sells its residue gas to end users, such as commercial and industrial customers; and natural gas and electric utilities serving individual consumers, as well as to marketers into intrastate or interstate pipelines. Its Logistics and Marketing division converts mixed natural gas liquids (NGLs) into NGL products; provides value added services, such as fractioning, storing, terminaling, transporting, exporting, distributing, and marketing NGLs and NGL products; and storing and terminaling of refined petroleum products and crude oil, as well as supplies and markets natural gas. It serves end-users of NGL products, such as petrochemical and refining companies, and propane markets for heating, cooking, or crop drying applications through pipelines, barges, ships, trucks, and rail cars. This division owns or operates 39 storage wells with a storage capacity of approximately 64 million barrels. As of December 31, 2014, its transportation assets consisted of 716 leased and managed railcars, 75 owned and leased transport tractors, and 22 company-owned pressurized NGL barges. The company was founded in 2006 and is based in Houston, Texas. Targa Resources Partners LP is a subsidiary of Targa Resources Corp.

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    Key Executives 
     PayExercised
    Mr. Joe Bob Perkins , 55
    Chief Exec. Officer of Targa Resources GP LLC and Director of Targa Resources GP LLC
    1.46M0.00
    Mr. Michael A. Heim , 67
    Pres of Targa Resources GP LLC and Chief Operating Officer of Targa Resources GP LLC
    1.18M0.00
    Mr. Matthew J. Meloy , 37
    Chief Financial Officer of Targa Resources GP LLC, Sr. VP of Targa Resources GP LLC and Treasurer of Targa Resources GP LLC
    693.00K0.00
    Mr. John Robert Sparger , 61
    Chief Accounting Officer of Targa Resources GP LLC and Sr. VP of Targa Resources GP LLC
    N/AN/A
    Mr. Jeffrey J. McParland , 60
    Pres of Fin. and Admin. of Targa Resources GP LLC
    N/AN/A
    Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
    Currency in USD.
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