WPC Joint Venture, Targa Resources and MPLX to form Blackcomb Pipeline.

WPC Joint Venture, Targa Resources, a midstream energy infrastructure, and MPLX, a midstream energy infrastructure, agreed to form Blackcomb Pipeline, a natural gas trasportation company. Blackcomb Pipeline is owned 70% by WPC, 17.5% by Targa, and 12.5% by MPLX, which is incremental to MPLX's ownership interest in WPC. Financial terms were not disclosed. "We are excited to partner with Targa by leveraging Whistler's expansive footprint in Waha and Agua Dulce to develop the Blackcomb Pipeline. Blackcomb will provide much needed incremental natural gas takeaway capacity for Permian shippers," Christer Rundlof, WhiteWater CEO.