Updated: Locke Lord, V&E and DLA Piper Advise in $565M Permian Basin Deal
Houston-based Targa Resources Corp. said Monday that its subsidiary, Targa Resources Partners, will acquire assets in the Delaware and Midland regions of the Permian Basin for $565 million in cash. Lawyers from Locke Lord and Vinson & Elkins advised on the deal, which entails Targa acquiring 100 percent of the membership interests of Outrigger Delaware Operating, Outrigger Southern Delaware Operating and Outrigger Midland Operating from Denver-based Outrigger Energy.


