Targa to build two new gas-processing plants in the Permian: company

Targa Resources will start constructing two new natural gas-processing plants in the Permian Basin as gas volumes continue to soar and overall takeaway capacity faces increasing tightening, executives said during an earnings call Feb. 25. Targa will build the 275 MMcf/d Legacy II cryogenic gas-processing plant in the Midland Basin — the first Legacy plant is slated for completion late…