Targa Resources Intends To Use Net Proceeds For The Acquisition Of Outrigger Delaware Operating, Outrigger Southern Delaware Operating And Outrigger Midland Operating, LLC

Outrigger Midland Operating, LLC intends to use the net proceeds from this offering, including any net proceeds from the underwriter's exercise of its option to fund a portion of the $565 million initial purchase price of the previously announced acquisition of 100% of the membership interests of Outrigger Delaware Operating, LLC, Outrigger Southern Delaware Operating, LLC and Outrigger Midland Operating, LLC (the “Outrigger Permian Acquisition”).