Targa Resources Partners Elects New Board Member
HOUSTON, Feb. 7, 2013 (GLOBE NEWSWIRE) -- Targa Resources Partners LP
(NYSE:NGLS) ("Targa Resources Partners" or the "Partnership") today announced
the election of Ms. Ruth I. Dreessen to the board of directors of its general
partner, Targa Resources GP LLC.
Ms. Dreessen is a Managing Director of Lion Chemical Capital, LLC where she
has been employed since October 2010. Ms. Dreessen is also a director of Gevo,
Inc. and Versar, Inc. Ms. Dreessen served as the Executive Vice President and
Chief Financial Officer of TPC Group, Inc. from November 2005 to May 2010.
Before joining TPC Group, she served as Senior Vice President, Chief Financial
Officer and Director of Westlake Chemical Corp. from 2003 to 2005. Ms.
Dreessen spent 21 years at JP Morgan Securities and predecessor companies
ultimately as a Managing Director of chemicals investment banking, focused on
leveraged and private equity transactions in chemicals and related industries.
"Ms. Dreessen's successful track record in investment banking with a focus in
the chemical industry enhances the knowledge of the board in these areas,"
said Joe Bob Perkins, CEO of the general partner of the Partnership. "Her
extensive experience as a financial executive brings financial and capital
markets experience to the board. We are pleased to have Ruth join us and
believe she will make a meaningful contribution to the Partnership."
About Targa Resources Partners
Targa Resources Partners is a publicly traded Delaware limited partnership
formed in October 2006 by our parent, Targa Resources Corp. to own, operate,
acquire and develop a diversified portfolio of midstream energy assets. We are
a leading provider of midstream natural gas andnatural gas liquid ("NGL")
services in the United States. In addition, we provide crude oil gathering and
crude oil and petroleum product terminaling services. We are engaged in the
business of gathering, compressing, treating, processing and selling natural
gas; storing, fractionating, treating, transporting, terminaling and selling
NGLs and NGL products; gathering, storing, and terminaling crude oil; and
storing and terminaling petroleum products.We operate in two primary
divisions: Gathering and Processing, consisting of two reportable
segments—Field Gathering and Processing and Coastal Gathering and Processing;
and Logistics and Marketing, consisting of two reportable segments—Logistics
Assets and Marketing and Distribution.
Targa Resources Partners' principal executive offices are located at 1000
Louisiana, Suite 4300, Houston, Texas 77002 and its telephone number is
CONTACT: Investor contact:
Senior Vice President, Chief Financial Officer and Treasurer
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