Targa reports hurricane impact; operations to resume as water recedes
HOUSTON—Targa Resources Corp. announced that damage to date to its facilities has been minimal, that disruptions to operations are expected to be limited, and that normal operations will resume shortly after floodwaters recede.
Conditions associated with continued flooding in the Houston area, and specifically the area of Targa's facilities in Mont Belvieu, Texas, which include the Cedar Bayou Fractionator (CBF), required CBF to be temporarily taken out of service on August 29.
CBF was taken out of service due to flooding that disrupted the operation of freshwater supply pumps. Fractionation operations should be able to resume quickly once the water recedes and operation of the freshwater supply wells is restored.
Disruptions in brine disposal operations at Targa's Mont Belvieu Terminal have also negatively impacted the facility's capacity for receiving raw products due to flooding of brine disposal pumps.
The company is utilizing its storage position and working with pipeline operators to manage NGL receipts at lower volumes than normal.
Targa will continue to work with its producer and chemical customers to attempt to best meet their needs during these outages.
The outages may also impact upstream gathering and processing facilities, as Targa may have to curtail operations at some of its natural gas processing plants until floodwaters recede and conditions improve at Mont Belvieu.
Any such curtailments are expected to be temporary, subject to resuming normal operations at Mont Belvieu.
Targa's Galena Park Marine Terminal is not in service, as the Houston Ship Channel has been closed to ship traffic since August 25. Resumption of operations at Galena Park is dependent on the Coast Guard reopening the Houston Ship Channel and inspection of the pipelines between Mont Belvieu and Galena Park.
Targa's southern Texas assets, including the company's Raptor and Silver Oak natural gas processing plants, are all now operational and are undamaged. Operation of these facilities may still be impacted due to receipt of NGL constraints at Mont Belvieu.
On the Louisiana Gulf Coast, Targa's coastal assets are all operational and undamaged and have prepared for the upcoming rains and potential flooding to their area.
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