Targa Resources (TRGP) announced the launch of a non-binding open season for its proposed Forza Pipeline Project, a new interstate natural gas pipeline that will support increasing natural gas production in the Delaware Basin in Southeast New Mexico. The open season begins at 8:00 a.m. Central Standard Time September 2, 2025, and is scheduled to end at 5:00 p.m. Central Standard Time on October 2, 2025. The Forza Project consists of 36 miles of 36-inch diameter pipe, providing 750 dekatherms per day of primary firm transportation service from receipt points in Lea County, New Mexico to multiple delivery points near the Waha Hub in Texas, and will connect new and existing gas processing facilities to in-basin demand and other demand markets. Pending shipper interest and necessary regulatory approvals, the project is scheduled for completion in mid-2028.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TRGP:
- Targa Resources price target lowered to $207 from $212 at Mizuho
- Targa Resources price target raised to $204 from $201 at Scotiabank
- Targa Resources price target lowered to $191 from $195 at Barclays
- Targa Resources price target raised to $208 from $205 at RBC Capital
- Targa Resources Shines in Latest Earnings Call