Midstream

The midstream logistics provider and the on-site rail services company say their alliance will provide cost efficiencies at the first and last miles.

Targa Resources Corp. (NYSE: TRGP) has agreed to sell a 45 percent stake of Targa Badlands LLC (Badlands), the entity which holds all of Targa’s assets in North Dakota, to investment funds owned by GSO Capital Partners and Blackstone Tactical Opportunities.