Targa Resources announces 20-year ExxonMobil agreements
Long-term agreements likely secure future midstream energy supply and takeaway capacity for ExxonMobil.
Source →The trace
How it reaches your house.
Starting from Targa Resources Corp., we walked the supply graph hop by hop to the goods you buy and the companies you own. Each step is the engine’s reasoning, scored for confidence and cited where a source backs it.
First impact
Targa Resources Corp. →Stands to benefitExxonMobilXOM
Targa’s announced 20-year fee-based midstream agreements explicitly support ExxonMobil’s acreage development, so ExxonMobil is a direct beneficiary of more secure takeaway and processing capacity.
“• Establishes new 20-year fee-based, integrated midstream agreements to support ExxonMobil’s development of its premier acreage”
94% confidenceCited →Mixed Natural Gas Liquids (NGL Stream) →Stands to benefitExxonMobilXOM
The announcement directly says the agreements support ExxonMobil’s development and lock in NGL transportation/fractionation access.
“Establishes new 20-year fee-based, integrated midstream agreements to support ExxonMobil’s development of its premier acreage”
93% confidenceCited →