Strong energy demand and numerous “fee-based” service transactions led to significant financial earnings growth for Kinder Morgan Inc. (KMI) and and solid distribution growth for Kinder Morgan Energy Partners (KMP). CEO Richard D. Kinder forecasts 40% growth this year in earnings per share for KMI and raised the distribution targets set for KMP, which already hit its year-end distribution target in the first quarter.
Liquids
Articles from Liquids
El Paso Partnership Purchases Midstream Assets
El Paso Energy Partners LP has completed its $133 millionacquisition of South Texas fee-based natural gas liquidstransportation and fractionation assets from El Paso FieldServices. The Houston-based master limited partnership picked upmore than 600 miles of NGL gathering and transportation pipelinesand three fractionation plants in the deal.
March 8, 2001
Aux Sable NGL Facilities Debut
Aux Sable Liquid Products Inc. said its new natural gas liquids(NGL) extraction and fractionation facilities in Channahon, IL, wentinto operation last Friday in conjunction with the start-up of serviceon the Alliance Pipeline system (see Daily GPI, Dec. 1, 2000).
December 5, 2000
Texas, Mexico Begin Work on Bilateral Agreement
Texas and Mexico are working on a collaborative agreement thatwould establish a natural gas and liquids pipeline permittingprocess for potential future projects.
September 11, 2000
Texas Pipeline Blast Kills Police Officer
An Abilene, TX natural gas liquids pipeline owned by ExxonMobilCorp. remained shut down Friday night after an explosion killed apolice detective who was first on the scene of the accident, sent awoman to the hospital and forced the evacuation of nearbyresidents.
September 11, 2000
Texas Pipeline Blast Kills Police Officer
An Abilene, TX natural gas liquids pipeline owned by ExxonMobilCorp. remained shut down Friday night after an explosion killed apolice detective who was first on the scene of the accident, sent awoman to the hospital and forced the evacuation of nearbyresidents.
September 11, 2000
Texas, Mexico Begin Work on Bilateral Deal
Texas and Mexico are working on a collaborative agreement thatwould establish a natural gas and liquids pipeline permittingprocess for potential future projects.
September 11, 2000
Transportation Notes
Due to nominations exceeding capacity, Transwestern wasallocating capacity Monday on the San Juan Lateral, affecting 18points.
March 28, 2000
Tejas, Marathon to Build Plant
Tejas Natural Gas Liquids, LLC, and Marathon Oil Co. areplanning to build a new gas processing plant near Centerville, LA.The $30 million Neptune Gas Processing Plant initially will handle300 MMcf/d of production delivered from deep-water wells in theGulf of Mexico.
August 18, 1998
Dynegy Sells Haynesville Plant to Duke
Dynegy Inc. (formerly NGC Corp.) sold its Haynesville, LA, gasprocessing and fractionation facility and related gas and gasliquids pipeline systems to Duke Energy Field Services. The sale ofthe non-strategic asset continues the rationalization of certaingas processing plants acquired from Trident and Chevron, which hasresulted in greater operating efficiencies and lower costs, Dynegysaid.
June 12, 1998
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
