Targa Resources completed its $3.55 billion cash acquisition of Riverstone-backed Lucid Energy in July 2022. The deal added 1,050 miles of natural gas gathering pipelines and 1.4 Bcf/d of cryogenic processing capacity in the Delaware Basin.
Targa Resources Acquires Lucid Energy
Acquirer
Targa Resources
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Target
Lucid Energy Group
2022
Year
🇺🇸 United States
Country
Acquisition
Deal Type
Deal Value
Sector
Midstream
Subsector
Gas Gathering
Industry
Oil and Gas
Date Added
May 9, 2026
Status
Completed
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