Kinder Morgan Announces Acquisition of Gas Gathering & Processing System in Bakken
01/13/25, 1:39 PM
Money
$640 million
Type
partnership
Kinder Morgan, Inc. has agreed to purchase a natural gas gathering and processing system in North Dakota valued at $640 million from Outrigger Energy II LLC. This strategic acquisition will allow Kinder Morgan to expand its footprint and provide additional transportation and processing services to meet the growing needs of its customers.
Company Info
Additional Info
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient and environmentally responsible manner for the benefit of people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines, 144 terminals and 700 billion cubic feet of working natural gas storage capacity. Our pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel, jet fuel, chemicals, ethanol, metals and petroleum coke. For more information, please visit www.kindermorgan.com.