Kinder Morgan Teams With Targa On Texas NGL Facilities

Law360, Houston (December 20, 2013, 5:10 PM EST) -- A unit of Kinder Morgan Inc. and Targa Resources Partners LP have agreed to form a joint venture to build natural gas liquids fractionation facilities in Texas that will service the processing needs of producers in Ohio, West Virginia and Pennsylvania, the companies announced Friday.

Kinder Morgan Energy Partners LP and Targa signed a letter of intent to form a joint venture to construct the new facilities in Mont Belvieu, Texas, which will provide fractionation service to shippers on the Utica Marcellus Texas Pipeline when it...
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