Oil, Gas and Consumable Fuels
Company Overview of Kinder Morgan Energy Partners, L.P.
Kinder Morgan Energy Partners, L.P. operates as a pipeline transportation and energy storage company in North America. The company operates through five segments: Natural Gas Pipelines, CO2, Products Pipelines, Terminals, and Kinder Morgan Canada. The Natural Gas Pipelines segment gathers, transports, stores, treats, processes, and sells natural gas through approximately 40,000 miles of natural gas pipelines and associated storage and supply lines. The CO2 segment produces, transports, and markets carbon dioxide through approximately 1,500 miles of pipelines to oil fields. This segment also owns and operates 4 oil fields, and a 450 mile crude oil pipeline system in west Texas. The Products P...
1001 Louisiana Street
Houston, TX 77002
Founded in 1992
Key Executives for Kinder Morgan Energy Partners, L.P.
Chairman of Kinder Morgan GP Inc and Chief Executive Officer of Kinder Morgan GP Inc
President of Kinder Morgan Gp Inc
Chief Financial Officer of Kinder Morgan GP Inc
President of Natural Gas Pipelines for Kinder Morgan GP Inc
President of Terminals - Kinder Morgan GP Inc
Compensation as of Fiscal Year 2014.
Kinder Morgan Energy Partners, L.P. Key Developments
Kinder Morgan Energy Partners, L.P.(NYSE:KMP) dropped from Alerian MLP Index
Nov 23 14
Kinder Morgan Energy Partners, L.P. will be removed from the Alerian MLP Index.
Kinder Morgan Energy Partners, L.P. to Expand its Fleet of Jones Act Tankers
Nov 5 14
Kinder Morgan Energy Partners, L.P. announced the closing of an agreement with Crowley Maritime Corporation to purchase two Jones Act tankers for approximately $270 million. The MT Pennsylvania and the MT Florida engage in the marine transportation of crude oil, condensate and refined products in the United States, commonly referred to as the Jones Act trade, and are currently operating pursuant to multi-year charters with a major integrated oil company. The vessels each have approximately 330,000 barrels of cargo capacity and will join Kinder Morgan's existing fleet of five operating tankers. The company previously commissioned the construction of an additional five tankers, which are expected to be delivered between 2015 and 2017. Crowley, a leading operator and technical manager in the U.S. product tanker industry, will continue to operate the vessels. The transaction is expected to be immediately accretive to cash available to KMP unitholders upon closing, which is expected to be effective Nov. 1.
Kinder Morgan Places Sierrita Pipeline in Service to Provide Natural Gas to Customers in Mexico
Oct 31 14
Kinder Morgan Energy Partners, L.P. announced that the fully subscribed Sierrita Pipeline has begun service. The approximately 60-mile, 36-inch diameter pipeline provides approximately 200 million cubic feet per day of firm transportation capacity and extends from El Paso Natural Gas' existing south mainlines near Tucson, Arizona, to the U.S.-Mexico border near Sasabe, Arizona. The Sierrita Pipeline interconnects via a new international border crossing with a new natural gas pipeline in Mexico. It will help Mexico meet its environmental goals of converting existing fuel-oil-fired power generation plants to efficient, clean burning natural gas and provide natural gas for future power plants. The project was built in partnership with MGI Enterprises US LLC, a wholly owned affiliate of Pemex Gas y Petroquímica Básica, a subsidiary of Petróleos Mexicanos, the Mexican state-owned oil and gas company, and MIT Pipeline Investment Americas Inc., a subsidiary of Mitsui & CO., LTD.
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