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Targa Resources Corp. Elects New Board Member

Stocks in this article: NGLSTRGP

HOUSTON, Feb. 26, 2013 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE:TRGP) ("Targa" or the "Company") today announced the election of Ms. Laura C. Fulton to its board of directors.

Ms. Fulton has served as the Chief Financial Officer of Hi-Crush Proppants LLC since April 2012 and Hi-Crush GP LLC, the general partner of Hi-Crush Partners LP, since May 2012. From March 2008 to October 2011, Ms. Fulton served as Executive Vice President, Accounting and then Executive Vice President, Chief Financial Officer of AEI Services, LLC, an owner and operator of essential energy infrastructure assets in emerging markets. Prior to AEI, Ms. Fulton spent 12 years with Lyondell Chemical Company in various capacities, including as general auditor responsible for internal audit and the Sarbanes-Oxley certification process, and as the assistant controller. Prior to that she spent 11 years with Deloitte & Touche in public accounting, with a focus on audit and assurance.

"Ms. Fulton's successful track record in the energy and chemical industries enhances the knowledge of the board in these areas," said Joe Bob Perkins, CEO of Targa. "Her extensive experience as a financial executive brings financial and capital markets experience to the board. We are pleased to have Laura join us and believe she will make a meaningful contribution to the Company."

About Targa Resources Corp.

Targa Resources Corp. is a publicly traded Delaware corporation that owns a 2% general partner interest (which it holds through its 100% ownership interest in the general partner of Targa Resources Partners LP (the "Partnership")), all of the outstanding incentive distribution rights and a portion of the outstanding limited partner interests in the Partnership.

Targa Resources Partners is a publicly traded Delaware limited partnership formed in October 2006 by its parent, Targa Resources Corp. to own, operate, acquire and develop a diversified portfolio of midstream energy assets. The Partnership is a leading provider of midstream natural gas and natural gas liquid ("NGL") services in the United States. In addition, the Partnership provides crude oil gathering and crude oil and petroleum product terminaling services. The Partnership is 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. The Partnership operates 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.

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