Targa bulks up Permian footprint with Lucid acquisition eyeing future oil, gas boom

US midstream operator Targa Resources will expand its New Mexico natural gas gathering and processing holdings with the acquisition of Lucid Energy Group, after a slate of recently announced takeaway projects cleared the way for a boom in the Permian’s associated gas and oil production. Lucid, the largest privately held gas processor in the Permian, brings to the table about…