TARGA RESOURCES LLC
HOUSTON, TX

Targa is a leading provider of midstream services and is one of the largest independent midstream energy companies in North America. We own, operate, acquire, and develop a diversified portfolio of complementary midstream energy assets. We are primarily engaged in the business of: gathering, compressing, treating, processing, and selling natural gas storing, fractionating, treating, transporting, and selling NGLs and NGL products, including services to LPG exporters gathering, storing, terminaling and selling crude oil storing, terminaling, and selling refined petroleum products Targa Resources, Inc. (“Targa”) is formed by its Management Team and Warburg Pincus. Targa Resources Partners LP – (NYSE:NGLS) completed an initial public offering (IPO) of public common units in the company (“Targa Resources Partners” or the “Partnership”). In addition, the Partnership acquired natural gas gathering, processing, and treating assets from Targa in the Fort Worth Basin/Arch Bend in North Texas. The Partnership acquired Targa’s NGL business consisting of fractionation, storage, terminaling, low sulfur natural gasoline treating, pipeline transportation and distribution assets, propane storage, truck terminals, and NGL transport assets. The Partnership acquired natural gas gathering and processing systems, processing plants, and related assets in West Texas. In addition, the Partnership acquired natural gas gathering and processing assets from Targa, which serve production from the Louisiana Gulf Coast. The Partnership acquired a 63% ownership interest from Targa in Versado Gas Processors LLC, which conducts a natural gas gathering and processing business in New Mexico. The Partnership acquired a 77% ownership interest in Venice Energy Services Company LLC, a joint venture that owns and operates a natural gas gathering and processing business in Louisiana consisting of a coastal straddle plant and their operations, and a wholly owned subsidiary that owns and operates an offshore gathering system and related assets that serve production from the Gulf of Mexico Shelf and deepwater. Targa Resources Corp. - (NYSE: TRGP) completed an initial public offering (“IPO”) of common shares in the company. The Partnership acquired a refined products and crude oil storage and terminaling facility in Channelview, TX, located along the Houston Ship Channel. The Partnership acquired two separate refined petroleum products and crude oil storage and terminaling facilities – Targa Sound Terminal in Tacoma, WA and Targa Baltimore Terminal in Baltimore, MD. The Partnership acquired Saddle Butte Pipeline LLC's crude oil gathering pipeline and terminal system and natural gas gathering and processing operations.  The business is located in the Williston Basin in the McKenzie, Mountrail, and Dunn counties of North Dakota.  The Partnership acquired additional property on the Houston Ship Channel named Patriot. While currently not operational, the acquisition provides dock and land for expansion potential for our Petroleum Logistics capabilities.  Targa Resources Partners LP and Targa Resources Corp. acquired Atlas Pipeline Partners, L.P. and Atlas Energy, L.P., adding gathering and processing positions in the Eagle Ford Shale, Anadarko Basin and Arkoma Basin, and creating a premier combined Permian Basin footprint.  Targa Resources Corp. (NYSE: TRGP) acquired all of the outstanding common units of Targa Resources Partners LP (NYSE: NGLS) that it did not already own. Targa Resources Corp. (NYSE:TRGP) acquired 100% of the membership interests of Outrigger Delaware Operating, LLC, Outrigger Southern Delaware Operating, LLC and Outrigger Midland Operating, LLC. Acquired entity assets are in the Delaware Basin in Texas and New Mexico and in the Midland Basin in Texas. Joe Bob Perkins has served as Chief Executive Officer and director of the Company and the general partner (the “General Partner”) of Targa Resources Partners LP (the “Partnership”) since January 1, 2012.  Mr. Perkins previously served as President of the Company between the date of its formation on October 27, 2005 and December 31, 2011 and of the General Partner between October 2006 and December 31, 2011. He also served as President of predecessor companies from 2003 through 2005. Mr. Perkins was an independent consultant in the energy industry from 2002 through 2003 and was an active partner in an outdoor advertising firm during a portion of such time period. Mr. Perkins served as President and Chief Operating Officer for the Wholesale Businesses, Wholesale Group and Power Generation Group of Reliant Resources, Inc. and its parent/predecessor companies, from 1998 to 2002 and Vice President, Corporate Planning and Development, of Houston Industries from 1996 to 1998. He served as Vice President, Business Development, of Coral Energy Holding, L.P. (“Coral”) from 1995 to 1996 and as Director, Business Development, of Tejas Gas Corporation (“Tejas”) from 1994 to 1995. Prior to 1994, Mr. Perkins held various positions with the consulting firm of McKinsey & Company and with an exploration and production company. Mr. Perkins’ intimate knowledge of all facets of the Company, derived from his service as President from its founding through 2011 and his current service as Chief Executive Officer and director, coupled with his broad experience in the oil and gas industry, and specifically in the midstream sector, his engineering and business educational background and his experience with the investment community enable Mr. Perkins to provide a valuable and unique perspective to the board on a range of business and management matters. James W. Whalen has served as Executive Chairman of the Board of the Company and the General Partner since January 1, 2015.  Mr. Whalen has also served as a director of the Company since its formation on October 27, 2005 and of the General Partner since February 2007. He also served as director of an affiliate of the Company during 2004 and 2005. Mr. Whalen previously served as Advisor to Chairman and CEO of the Company and the General Partner between January 1, 2012 and December 31, 2014. He served as Executive Chairman of the Board of the Company between October 25, 2010 and December 31, 2011 and of the General Partner between December 15, 2010 and December 31, 2011. He also served as President-Finance and Administration of the Company between January 2006 and October 2010 and the General Partner between October 2006 and December 2010 and for various Targa subsidiaries since November 2005. Between October 2002 and October 2005, Mr. Whalen served as the Senior Vice President and Chief Financial Officer of Parker Drilling Company. Between January 2002 and October 2002, he was the Chief Financial Officer of Diversified Diagnostic Products, Inc. He served as Chief Commercial Officer of Coral from February 1998 through January 2000. Previously, he served as Chief Financial Officer for Tejas from 1992 to 1998. Mr. Whalen brings a breadth and depth of experience as an executive, board member, and audit committee member across several different companies and in energy and other industry areas. His valuable management and financial expertise includes an understanding of the accounting and financial matters that the Company and industry address on a regular basis.