PRESS RELEASE: KP Engineering To Provide EPC Services To Targa For Cryogenic Gas Processing Unit

TYLER, Texas–February 7, 2017–KP Engineering (KPE), one of the energy industry’s leaders in engineering, procurement and construction (EPC) solutions, announced today that it has signed a firm price contract for the design, procurement and installation of a 200 MMSCFD Cryogenic Gas Processing Unit (“Cryo”) with Compression for Targa Pipeline Mid-Continent WestTex LLC, a subsidiary of Targa Resources Corp. (NYSE: TRGP).

The Cryo project— which capitalizes on KPE’s process design expertise and turnkey execution capabilities—is the latest in a streak of successful project awards, as KPE continues to expand its presence in the midstream sector.

The award from Targa is among several major projects KPE has secured within the last 12 months, including the previously announced Crude/Condensate Splitter project for Targa in Channelview, Texas.

“We are blessed to continue to win major projects, such as this opportunity to execute another midstream project for Targa—one of our most valued clients. We are humbled that they continue to recognize the value KPE provides,” said William E. Preston, President and Chief Operating Officer of KP Engineering.

KPE will provide complete EPC services for the project, which includes the main processing unit, as well as balance of plant items and associated infrastructure. The project is expected to be completed in the first quarter of 2018.

About KPE KP Engineering, LP, based in Tyler, Texas, provides value-based EPC solutions to clients in the refining, midstream, petrochemical, and syngas industries. KPE combines technical expertise and deep experience with an integrated engineering and project management approach to deliver cost-effective projects to markets such as domestic refiners, natural gas processors, chemical manufacturers, and terminal and pipeline owner-operators. KPE provides a full range of EPC services and specializes in fixed-price contracting. For more information about KPE, visit www.kpe.com.

About Targa Targa Resources Corp., based in Houston, Texas, is a leading provider of midstream services and is one of the largest independent midstream energy companies in North America. Targa owns, operates, acquires, and develops a diversified portfolio of complementary midstream energy assets. Targa is 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, and terminaling crude oil; and storing, terminaling, and selling refined petroleum products. For more information about Targa, visit www.targaresources.com.