Targa Resources completed the acquisition of Lucid Energy from Riverstone Holdings and Goldman Sachs Asset Management for $3.55bn.

Targa Resources, a provider of midstream services, completed the acquisition of Lucid Energy, a privately held natural gas processor in the Permian Basin, from Riverstone Holdings, a multinational private equity firm, and Goldman Sachs Asset Management, an investment manager, for $3.55bn. “We are pleased to have partnered with Lucid and Riverstone over the last several years, as the company has continued its growth as a leading gas gathering and processing platform in the Delaware Basin. We believe Mike and the team have done a great job of expanding customer relationships with high quality producers in the basin while continuing their commitment to the environment, safety, and the communities they serve," Scott Lebovitz, Goldman Sachs Asset Management Partner and Co-Head of the Infrastructure Investing Business.