Targa Resources, WPC JV reach final investment decision on Blackcomb Pipeline

MPLX (MPLX), Enbridge (ENB) and WhiteWater, through the WPC Joint Venture, the joint venture that owns the Whistler Pipeline, have partnered with an affiliate of Targa Resources (TRGP) to reach final investment decision to move forward with the construction of the Blackcomb Pipeline after having secured sufficient firm transportation agreements with predominantly investment grade shippers, including, but not limited to, Devon Energy (DVN), Diamondback Energy (FANG), Marathon Petroleum (MPC) and Targa Resources Corp. I Squared owns WhiteWater’s stake in Whistler. The Blackcomb Pipeline is designed to transport up to 2.5 Bcf/d of natural gas through approximately 365 miles of 42-inch pipeline from the Permian Basin in West Texas to the Agua Dulce area in South Texas. Supply for the Blackcomb Pipeline will be sourced from multiple upstream connections in the Permian Basin. The Blackcomb Pipeline is a joint venture owned 70.0% by WPC, 17.5% by Targa, and 12.5% by MPLX, which is incremental to MPLX’s ownership interest in WPC. The Blackcomb Pipeline will be constructed and operated by WhiteWater and is expected to be in service in the second half of 2026. The WPC joint venture owns the Whistler Pipeline, the Rio Bravo Pipeline, 70% of the Blackcomb Pipeline, 70% of the ADCC Pipeline, and 50% of the Waha Gas Storage facility.