Targa Resources, a midstream energy corporation and one of the largest providers of natural gas and natural gas liquids in the United States, sold a stake in Targa Badlands, which holds all of Targa's North Dakota assets to Blackstone for $1.6bn. "We are very proud of our talented employees and assets in the Badlands, and our joint venture with Blackstone will support us in continued growth while providing best in class service to our customers in the Bakken. Selling a minority interest in the Badlands at an attractive valuation allows us to satisfy a substantial portion of our estimated 2019 equity funding needs and provides us with significant flexibility looking forward," Joe Bob Perkins, Targa Chief Executive Officer.