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TARGA RESOURCES PARTNERS LP ANNOUNCES CLOSING OF OVER-ALLOTMENT OPTION

HOUSTON, Texas, November 20, 2007 - Targa Resources Partners LP (NASDAQ: NGLS) ("Targa Resources Partners" or the "Partnership") announced today that it closed the partial exercise of the over-allotment option it granted to the underwriters in connection with its recent public offering of common units. The underwriters exercised the option for an additional 1,800,000 common units at a price of $26.87 per unit, less the underwriting discount.

The exercise of the over-allotment option resulted in additional net proceeds to the Partnership of approximately $46.6 million. In addition, Targa Resources Inc. ("Targa"), contributed approximately $1.0 million to maintain its 2% general partner interest in the Partnership. These proceeds will be utilized by the Partnership to repay a portion of outstanding indebtedness.

On October 24, 2007, Targa Resources Partners sold 13,500,000 common units at a price of $26.87 per unit for net proceeds of approximately $348.2 million. The net proceeds from the offering, together with borrowings under the Partnership's recently increased credit facility, were used to fund the acquisition of certain natural gas gathering and processing businesses located in west Texas and Louisiana from Targa.

Citi, Lehman Brothers Inc., Goldman, Sachs & Co. and Merrill Lynch & Co. acted as joint book-running managers of the offering. Wachovia Capital Markets LLC, UBS Investment Bank, Credit Suisse and Deutsche Bank Securities Inc. acted as senior co-managers and Raymond James, RBC Capital Markets and Sanders Morris Harris acted as co-managers for the offering.

A copy of the final prospectus related to the offering may be obtained from the offices of: (i) Citigroup Global Markets Inc., Brooklyn Army Terminal, Attn: Prospectus Delivery Department, 140 58th Street, Brooklyn, New York 11220, phone: 718-765-6732; (ii) Lehman Brothers Inc., c/o Broadridge Integrated Distribution Services, Inc., 1155 Long Island Avenue, Englewood, NY 11717, via fax at 631-254-7140 or via e-mail at qiana.smith@Broadridge.com; (iii) Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004, via fax at 212-902-9316 or via e-mail at prospectus-ny@ny.email.gs.com; or (iv) Merrill Lynch & Co., 4 World Financial Center, Attention: Prospectus Department, New York, NY 10080; phone: 212-449-1000.

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities law in any such state.

About Targa

Targa Resources Partners was formed by Targa Resources, Inc. to engage in the business of gathering, compressing, treating, processing and selling natural gas and fractionating and selling natural gas liquids and natural gas liquids products. Targa Resources Partners currently operates in southwest Louisiana, the Permian Basin in west Texas and the Fort Worth Basin in north Texas. A subsidiary of Targa is the general partner of Targa Resources Partners. Targa Resources Partners owns an extensive network of integrated gathering pipelines, seven natural gas processing plants and two fractionators.

Targa Resources Partners' principal executive offices are located at 1000 Louisiana, Suite 4300, Houston, Texas 77002 and its telephone number is 713-584-1000.

Forward-Looking Statements

Statements about the offering are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside the Partnership's control, and a variety of risks that could cause results to differ materially from those expected by management of Targa or Targa Resources Partners.

Investor Contacts:
Howard Tate
Vice President - Finance
713-584-1000

Eric Curry
Sr. Manager - Corporate Finance
and Investor Relations
713-584-1000

Media Contact:
Kenny Juarez
The Abernathy MacGregor Group
212-371-5999