News
17 June 2022

Targa to buy Lucid Energy in $3.55bn deal

In:
Oil & gas
Region:
Americas

US oil and gas infrastructure company Targa Resources has agreed to buy natural gas processor Lucid Energy Group for $3.55 billion in cash, using the financial benefits of high commodity prices to boost its presence in the Permian Basin.Owned by private equity firm Riverstone Holdings and Goldman...

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