Houston-based energy company Targa Resources Partners said Thursday it will pay $950 million in cash to acquire oil and gas assets located in North Dakota’s Bakken Shale play from Saddle Butte Pipeline.
The assets changing hands include a crude oil pipeline and terminal system, as well as natural gas operations, located in North Dakota’s Williston Basin region. The business consists of roughly 155 miles of crude oil pipelines, and another 95 miles of natural gas pipelines, spread across three counties.