IFLR1000

Blackstone $1.6 billion acquisition of Targa assets

19/2/2019
Asset acquisition
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$ 1.6 billion

Announced

19/2/2019

Overview:

  • Blackstone has acquired a 45% interest in Targa Resources' North Dakota assets.
  • Blackstone paid $1.6 billion for the assets, which are located in the Bakken and Three Forks Shale fields.
  • The transaction is expected to close in the second quarter of 2019. 

Kurt Stumpo - US Editor

Jurisdiction:

United States

Deal type:

Asset acquisition

Practice areas:

Private equity
M&A

Governing law:

United States

Industry sector:

Oil and gas

Firms:
Akin Gump Strauss Hauer & Feld

Party: Blackstone (Acquirer)

Vinson & Elkins

Party: Targa Resources (Target)

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