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Outrigger Southern Delaware Operating, LLC

Company Summary

Description

A former subsidiary of Outrigger Energy, acquired by Targa Resources in early 2017, with operations in the Delaware Basin.

Website

http://www.outriggerenergy.com/operations.html

Operational Regions

  • Delaware Basin

Related Entities

Recent news

  • 3/2/2017 - Targa Resources Closes... (subscriber access)
  • 1/24/2017 - Outrigger Announces... (subscriber access)
  • 1/23/2017 - Targa Resources Corp.... (subscriber access)

Company Transactions

Date: 2/15/2017
Type: Acquisition

NOTES:
Initially, Targa will pay Outrigger $565 million in cash for the assets. Later, Targa will fulfill payments in 2018 & 2019 that will include $935 million in cash depending on certain performance-linked measures. The second set of payments are not guaranteed to Outrigger.
REGIONS:
  • Delaware Basin
  • Midland Basin