Kinder Morgan

Permian Highway Pipe Testing Support to Expand Natural Gas Delivery

Permian Highway Pipe Testing Support to Expand Natural Gas Delivery

Permian Highway Pipeline LLC (PHP) this week launched a binding open season to solicit commitments for a project that would expand its capacity by about 650 MMcf/d, pending a final investment decision. The expansion would bring PHP’s total capacity to about 2.75 Bcf/d. Co-owner Kinder Morgan Inc. (KMI) announced the open season. Kinder Morgan Texas…

April 26, 2022
Kinder Morgan to Expand Natural Gas Compression as Permian Takeaway Constraints Loom

Kinder Morgan to Expand Natural Gas Compression as Permian Takeaway Constraints Loom

Kinder Morgan Inc. (KMI) is planning compression expansions on its Permian Highway Pipeline (PHP) and Gulf Coast Express (GCX) natural gas pipelines in order to alleviate takeaway constraints in the Permian Basin expected to mount by 2023. “Combined, the two expansions can add 1.2 Bcf per day of capacity out of the Permian,” CEO Steven…

April 25, 2022
Kinder Morgan Eyeing 1.2 Bcf/d in Permian Natural Gas Takeaway Expansions

Kinder Morgan Eyeing 1.2 Bcf/d in Permian Natural Gas Takeaway Expansions

Kinder Morgan Inc. (KMI) is planning compression expansions on its Permian Highway Pipeline (PHP) and Gulf Coast Express (GCX) natural gas pipelines in order to alleviate takeaway constraints in the Permian Basin expected to mount by 2023. “Combined, the two expansions can add 1.2 Bcf per day of capacity out of the Permian,” CEO Steven…

April 21, 2022
DT Midstream Joins Growing Endeavor to Tackle Emissions Across Natural Gas Industry

DT Midstream Joins Growing Endeavor to Tackle Emissions Across Natural Gas Industry

Natural gas pipeline and storage provider DT Midstream Inc. (DTM), with a portfolio that includes 900 miles of regulated interstate pipelines, said Wednesday it would join a rapidly growing project aimed at better understanding the energy industry’s role in greenhouse gas (GHG) emissions. A day later, Houston-based Kinder Morgan Inc. (KMI), one of the largest…

April 21, 2022
Kinder Morgan Gains on Higher Natural Gas Prices, LNG Deliveries

Kinder Morgan Gains on Higher Natural Gas Prices, LNG Deliveries

Stronger natural gas prices lifted Kinder Morgan Inc. results in the fourth quarter and propelled physical liquefied natural gas (LNG) deliveries higher by 33%. Executive Chairman Richard Kinder and CEO Steven Kean helmed a conference call late Wednesday to discuss fourth quarter and full-year 2021 results. The company recovered sharply in the final three months…

January 20, 2022
Following Expected Record 2021, Kinder Morgan Projecting ‘Robust’ Results in New Year

Following Expected Record 2021, Kinder Morgan Projecting ‘Robust’ Results in New Year

Kinder Morgan Inc. (KMI) said it expects to post banner full-year 2021 results and drive even stronger earnings next year. Bolstered by exceptional winter demand for natural gas earlier in the year, the Houston-based operator is projecting it would earn 76 cents/share this year. Seismic first quarter sales gains made amid surging demand and soaring…

December 8, 2021
Kinder’s Kinetrex Deal Opens Door to Small-Scale LNG, RNG Investments

Kinder’s Kinetrex Deal Opens Door to Small-Scale LNG, RNG Investments

Kinder Morgan Inc. (KMI) has closed on its $310 million acquisition of Kinetrex Energy, part of the company’s new interest in low carbon investments. The acquisition includes liquefied natural gas (LNG) production and fueling facilities, a 50% interest in a landfill-based renewable natural gas (RNG) facility in Indiana, and commercial agreements for three additional RNG…

August 24, 2021
Technical Trading, Tightening Balances Drive Rebound for Natural Gas Futures; KMI Pipe Blast Rocks Western Cash

Technical Trading, Tightening Balances Drive Rebound for Natural Gas Futures; KMI Pipe Blast Rocks Western Cash

A technical bounce fueled by lower wind generation sent natural gas futures higher to start the week. The September Nymex gas futures contract settled Monday at $3.946, up 8.5 cents from Friday’s close. October climbed 8.5 cents to $3.960. Spot gas prices were mixed on Monday, with mostly mild weather across the country. However, big…

August 16, 2021
El Paso Natural Gas Pipeline Segment Shut Monday After Deadly Blast

El Paso Natural Gas Pipeline Segment Shut Monday After Deadly Blast

Kinder Morgan Inc. (KMI) said Monday the segment of the El Paso Natural Gas Pipeline that experienced a pipeline failure and subsequent fire over the weekend, killing two people, had been extinguished. The blast occurred at around 5:45 a.m. MT Sunday on Line 2000, near Coolidge, AZ. Two people died in the blast, and one…

August 16, 2021
As Demand Further Strengthens, August Natural Gas Futures Extend Rally; Cash Prices Climb

As Demand Further Strengthens, August Natural Gas Futures Extend Rally; Cash Prices Climb

Natural gas futures on Monday advanced for a seventh consecutive session as robust domestic cooling demand and strong liquefied natural gas (LNG) export levels continued to drive up prices that are at their highest levels since 2018. The August Nymex contract advanced 4.2 cents day/day and settled at $4.102/MMBtu. The prompt month gained nearly 11%…

July 26, 2021
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