Targa Resources Partners LP Prices $250 Million of Senior Notes

HOUSTON, June 30, 2009 (GLOBE NEWSWIRE) -- Targa Resources Partners LP ("Targa
Resources Partners" or the "Partnership") (Nasdaq:NGLS) and its subsidiary Targa
Resources Partners Finance Corporation announced today the pricing of $250
million of senior unsecured notes. The 11.25 percent notes mature July 2017 and
were priced at 94.973 percent of the principal amount to yield 12.25 percent.

The offering is expected to close on July 6, 2009, subject to customary closing
conditions. The Partnership intends to use the net proceeds from the offering to
reduce borrowings under its senior secured credit facility and for general
partnership purposes, including working capital and acquisitions.

The offering has not been registered under the Securities Act, or any state
securities laws, and unless so registered, the securities may not be offered or
sold in the United States except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the Securities Act
and applicable state securities laws. The senior unsecured notes are expected to
be eligible for trading by qualified institutional buyers under Rule 144A and
non-U.S. persons under Regulation S. This announcement shall not constitute an
offer to sell or a solicitation of an offer to buy any of these securities,
except as required by law.

Forward-Looking Statements

Certain statements in this release are "forward-looking statements" within the
meaning of Section 27A of the Securities Act and Section 21E of the Securities
Exchange Act of 1934, as amended. All statements, other than statements of
historical facts, included in this release that address activities, events or
developments that the Partnership expects, believes or anticipates will or may
occur in the future are forward-looking statements. These forward-looking
statements rely on a number of assumptions concerning future events and are
subject to a number of uncertainties, factors and risks, many of which are
outside Targa Resources Partners' control, which could cause results to differ
materially from those expected by management of Targa Resources Partners.

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CONTACT: Targa Resources Partners LP
Investor contact:
Anthony Riley, Sr. Manager - Finance / Investor Relations
Matthew Meloy, Vice President - Finance and Treasurer
713-584-1133