Williams and Targa Resources Announce New NGL Agreements to Link Conway and Mont Belvieu Markets with New Pipeline Projects; Announce Option for Mont Belvieu Fractionation Joint Venture

Dateline City:

TULSA, Okla. & HOUSTON

Williams and Targa to expand key NGL infrastructure to open markets between Conway and Mont Belvieu
Provides improved market access for both Rockies and DJ NGL production
Williams and Targa to capture synergies from growing NGL volumes being produced in Wamsutter and DJ Basin operations
Provides strategic optimization opportunity for Williams’ suite of NGL and G&P assets and services
Targa to benefit from significant volumes committed by Williams for Targa’s transport on Grand Prix and fractionation at Mont Belvieu
Williams to have initial option to purchase a 20 percent equity interest in one of Targa’s recently announced new Mont Belvieu fractionation trains

TULSA, Okla. & HOUSTON–(BUSINESS WIRE)–Williams (NYSE: WMB) and Targa Resources Corp. (NYSE: TRGP) (“Targa”)
today announced new natural gas liquids (“NGL”) agreements and NGL
pipeline projects that will link the Conway, Kansas, and Mont Belvieu,
Texas, NGL markets.

Language:

English

Contact:

Williams Media Contact Keith Isbell(918) 573-7308 Williams Investor Contacts John Porter(918) 573-0797 Paul Schroedter(918) 573-9673 Targa Resources Investor Relations Sanjay Lad [email protected] (713) 584-1133

Ticker Slug:

Ticker: WMB Exchange: NYSE

Ticker: TRGP Exchange: NYSE

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