Targa Resources Completes Previously Announced Bakken Shale Midstream Acquisition -- Renamed Targa Badlands

Targa Resources Completes Previously Announced Bakken Shale Midstream
Acquisition -- Renamed Targa Badlands

HOUSTON, Jan. 2, 2013 (GLOBE NEWSWIRE) -- Targa Resources Partners LP
(NYSE:NGLS) ("Targa Resources Partners" or the "Partnership") announced that
on December 31, 2012 it completed its acquisition of Saddle Butte Pipeline,
LLC's ownership of its Williston Basin crude oil pipeline and terminal system
and its natural gas gathering and processing operations for cash consideration
of $950 million, subject to customary purchase price adjustments and certain
contingent payments. The transaction was previously announced on November 15,
2012.

The acquired business, which is renamed Targa Badlands, is located in the
heart of the oil-rich Bakken Shale Play in McKenzie, Dunn, and Mountrail
counties, North Dakota and includes approximately 155 miles of crude oil
pipelines. The business has combined crude oil operational storage capacity of
70,000 barrels, including the Johnsons Corner Terminal with 20,000 barrels of
storage capacity (expanding to 40,000 barrels) and Alexander Terminal with
storage capacity of 30,000 barrels.The business also includes approximately
95 miles of natural gas gathering pipelines and a 20 MMcf/d natural gas
processing plant with an expansion underway to increase capacity to 40 MMcf/d.
The operations are backed by producer dedications under long-term contracts
that include approximately 260,000 acres of crude oil production and over
100,000 acres of natural gas production.

About Targa Resources Partners

Targa Resources Partners is a publicly traded Delaware limited partnership
that is a leading provider of midstream natural gas andnatural gas liquid
services in the United States. The Partnership is engaged in the business of
gathering, compressing, treating, processing and selling natural gas; storing,
fractionating, treating, transporting and selling natural gas liquids, or
NGLs, and NGL products; gathering, storing and terminaling crude oil; and
storing and terminaling refined petroleum products. The Partnership owns an
extensive network of integrated gathering pipelines and gas processing plants
and currently operates along the Louisiana Gulf Coast primarily accessing the
onshore and near offshore region of Louisiana, the Permian Basin in West Texas
and Southeast New Mexico the Fort Worth Basin in North Texas and in the
Williston Basin in North Dakota. Additionally, the Partnership's logistics and
marketing assets are located primarily at Mont Belvieu and Galena Park near
Houston, Texas and in Lake Charles, Louisiana with terminals and
transportation assets across the United States. Targa Resources Partners is
managed by its general partner, Targa Resources GP LLC, which is indirectly
wholly owned by Targa Resources Corp.

Targa Resources Partners' principal executive offices are located at 1000
Louisiana, Suite 4300, Houston, Texas 77002 and its telephone number is
713-584-1000.

Forward-Looking Statements

Certain statements in this release are "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. All statements, other
than statements of historical facts, included in this release that address
activities, events or developments that the Partnership and the Company
expect, believe or anticipate will or may occur in the future are
forward-looking statements. These forward-looking statements rely on a number
of assumptions concerning future events and are subject to a number of
uncertainties, factors and risks, many of which are outside the Partnership's
and the Company's control, which could cause results to differ materially from
those expected by management of the Partnership and the Company. Such risks
and uncertainties include, but are not limited to, weather, political,
economic and market conditions, including a decline in the price and market
demand for natural gas and natural gas liquids, the timing and success of
business development efforts; and other uncertainties. These and other
applicable uncertainties, factors and risks are described more fully in the
Partnership's and the Company's filings with the Securities and Exchange
Commission, including their Annual Reports on Form 10-K, Quarterly Reports on
Form 10-Q and Current Reports on Form 8-K. Neither the Partnership nor the
Company undertake an obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or otherwise.

This release is intended to be a qualified notice under Treasury Regulation
Section 1.1446-4(b). Brokers and nominees should treat one hundred percent
(100.0%) of Targa Resources Partners LP's distributions to foreign investors
as being attributable to income that is effectively connected with a United
States trade or business. Accordingly, Targa Resources Partners LP's
distributions to foreign investors are subject to federal income tax
withholding at the highest applicable effective tax rate.

CONTACT: Investor contact:
         713-584-1133
        
         Joe Brass
         Director - Finance
        
         Matthew Meloy
         Senior Vice President, Chief Financial Officer and Treasurer
 
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