Oil Price American oilfield services provider and pipeline operator Kinder Morgan has acquired nearly 12,000 acres of Texas oil and gas producing assets in its quest to take advantage of carbon capture incentives designed to boost output from producing fields, Reuters reported on Wednesday, citing unnamed sources familiar with the deal. According to Reuters, the Kinder acquisition indicates the attractive
Oil Price Kinder Morgan will buy the natural gas pipeline portfolio of NextEra Energy Partners in Texas, paying $1.82 billion for the assets. The pipeline network has a throughput capacity of 4.9 billion cu ft daily, Kinder Morgan said in a news release about the deal. The company added that the pipeline assets were “highly contracted”, with the average length of contract at
Reuters Dec 1 – U.S. energy company Kinder Morgan Inc KMI.N expects part of its El Paso natural gas pipeline to remain out of service for “several months” following a blast in Arizona that killed two people in August. The company told customers on Tuesday that activities were underway to return a portion of the blast-damaged El Paso Line 2000 for limited
$310 million acquisition includes two small-scale, domestic LNG production and fuel…
Reuters U.S. energy regulators on Friday approved Kinder Morgan Inc’s request to put the seventh liquefaction train at its nearly $2 billion Elba Island liquefied natural gas (LNG) export plant in Georgia into service. Kinder Morgan said Train 8 was ready for service on July 13, according to a filing with the U.S. Federal Energy Regulatory Commission (FERC). Trains 1-6
Houston Chronicle Houston pipeline operator Kinder Morgan plans to build the company’s third pipeline to move natural gas from the Permian Basin of West Texas to the Gulf Coast but the project may have to wait until more customers sign up. Kinder Morgan brought its Permian Basin-to-Corpus Christi Gulf Coast Express Pipeline into service in September while construction continues for
Reuters The U.S. Federal Energy Regulatory Commission (FERC) on Wednesday approved Kinder Morgan Inc’s (KMI.N) Dec. 13 request to start construction of its proposed Lockridge natural gas pipeline in the Permian basin in West Texas. The Lockridge project is one of several under development or construction designed to remove gas from the Permian basin in West Texas and eastern New
Houston Chronicle Houston pipeline operator Kinder Morgan has exited the Canadian market after closing a deal worth estimated to be more than $2.5 billion in cash and stock. In a Monday afternoon statement, Kinder Morgan reported closing a deal to sell its subsidiary Kinder Morgan Canada and cross-border Cochin Pipeline to the Calgary pipeline and storage terminal operator Pembina Corp.
Houston Chronicle SAN ANTONIO — The San Antonio City Council is jumping into a contentious debate over state eminent domain laws and the environmental impact of the growing number of proposed pipelines to move crude oil and natural gas from the Permian Basin. The Houston company Enterprise Products Partners plans to build the 30-inch crude pipeline from the West
Source: Houston Chronicle Stock prices for Houston pipeline company Kinder Morgan shot up on Friday following news that ones its co-founder bought hundreds of thousands of shares. In a Friday morning filing with the U.S. Securities and Exchange Commission, Kinder Morgan reported that Rich Kinder bought 300,000 shares of stock. Purchased at roughly $20 per share, Kinder is investing more
Source: Houston Chronicle – Houston pipeline operator Kinder Morgan is starting a new pipeline to move natural gas the from the Permian Basin to Corpus Christi ahead of schedule. In a statement, Kinder Morgan said its 448-mile Gulf Coast Express Pipeline will begin full commercial service on Wednesday. Fully booked under long-term contracts, the natural gas transmission will move 2 billion
By Tyler Losier, Energy Reporter, Oil & Gas 360 Pembina Pipeline Corporation will purchase Kinder Morgan Canada and U.S. portion of Cochin Pipeline for CAD $4.35 billion Pembina Pipeline Corporation (stock ticker: PBA), a midstream service provider based out of Calgary, has entered into agreements to acquire Kinder Morgan Canada Limited (stock ticker: KMLGF) and the U.S. portion of the
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