Houston’s Targa Resources Plans $1.25B Purchase of San Antonio Midstream Company

Targa Resources, one of the largest midstream operators in Houston, has agreed to buy a San Antonio-based natural gas infrastructure company for $1.25 billion. The deal strengthens Targa’s position across Texas as demand for efficient energy transport continues to rise.

The company announced the agreement this week, noting that the acquisition will expand its natural gas gathering and processing capabilities across South Texas. Although the acquired company was not named in early reports, it operates key assets near major production zones that connect to Gulf Coast markets.

Why the Deal Matters for Houston

The acquisition gives Houston’s energy sector another boost. Targa, already one of the city’s largest midstream employers, will control more pipeline and processing infrastructure that supports oil and gas producers across the state. The deal could also open the door to new capital projects in Greater Houston, since much of the resulting gas supply flows toward Gulf Coast industrial hubs.

Local experts say the move signals continued confidence in Texas energy demand, despite national concerns about price volatility. It also shows that Houston-based operators remain eager to consolidate regional assets to improve efficiency and expand market share.

• More volume moving through Targa’s systems could support jobs tied to operations, engineering, and maintenance.
• Houston-area manufacturers and petrochemical plants could see more stable feedstock access.
• Energy investors based in the region may benefit from scale-driven cost savings.

What This Means for Houston’s Energy Workforce

Targa employs hundreds of workers in Greater Houston. While the company has not outlined changes to staffing, major acquisitions often lead to expanded corporate responsibilities in the buyer’s home city. That could translate into opportunities in project management, finance, logistics, and regulatory compliance.

The combined asset footprint also positions Targa to compete more aggressively for new Gulf Coast expansion projects. As a result, Houston may see increased activity in engineering, construction, and support services tied to long-term infrastructure growth.

What’s Next

The transaction is expected to close later this year, pending regulatory approval. Targa plans to integrate the new assets quickly once the deal is finalized. The company says the acquisition will improve its ability to move natural gas and natural gas liquids to key markets and export centers.

Houston-area business leaders will watch closely for updates on capital investment, hiring, and project activity linked to the added pipeline and processing capacity.

This article is a summary of reporting by The Business Journals. Read the full story here.