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…
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Articles from Stagecoach
Kinder Morgan Buys Long-Shopped Stagecoach Natural Gas Pipeline, Storage Assets
Houston-based Kinder Morgan Inc. (KMI) is expanding its footprint in the Northeast with the $1.225 billion purchase of the Stagecoach natural gas pipeline and storage system from a joint venture between Crestwood Equity Partners LP and Consolidated Edison Inc. (ConEd). The Stagecoach system consists of 185 miles of pipeline with multiple interconnects to major interstate…
Leach XPress Service Tentatively to Restart Next Month
Columbia Gas Transmission LLC (TCO) said based on its current repair schedule for Leach XPress, which was damaged in an explosion earlier this month, it now expects to return the pipeline to service sometime in early July.
Con Edison Paying $975M For Stake in Crestwood Midstream Assets
Crestwood Equity Partners LP and Consolidated Edison Inc. announced Thursday a joint venture (JV) in which Crestwood would contribute its natural gas pipeline and storage business in Northern Pennsylvania and Southern New York to a new company that will pair Marcellus Shale gas with high-demand markets in the Northeast.
Con Edison Paying $975M For Stake in Crestwood Midstream Assets
Crestwood Equity Partners LP and Consolidated Edison Inc. announced Thursday a joint venture (JV) in which Crestwood would contribute its natural gas pipeline and storage business in Northern Pennsylvania and Southern New York to a new company that will pair Marcellus Shale gas with high-demand markets in the Northeast.
Transportation Notes
Due to limited takeaway capacity during Stagecoach Storage maintenance that began Wednesday and will continue through Thursday (see Daily GPI, Sept. 6a), Tennessee said its operational flexibility to manage imbalances in Zone 4 on Line 300 between Stations 315 (Wellsboro, PA) and 321 (West Clifford, PA) is restricted. Thus it declared an Imbalance Warning for the line in Zone 4 Wednesday, requiring all delivery point operators between the two stations to keep actual daily takes out of the system equal to or greater than scheduled quantities regardless of their cumulative imbalance position. All receipt point operators in the segment are required to keep actual daily receipts into the system equal to or less than scheduled quantities regardless of their cumulative imbalance position.
DEIS Released on EOG Uinta Basin Development Project
The Bureau of Land Management (BLM) released a draft environmental impact statement (DEIS) on EOG Resources natural gas development project in the Chapita Wells-Stagecoach Area (CWSA) of the Uinta Basin in Utah. The project involves plans to drill up to 627 new natural gas wells across about 31,870 acres of land located 30 miles south of Vernal, UT in Uintah County.