Last $81.20 USD
Change Today -0.61 / -0.75%
Volume 848.4K
KMP On Other Exchanges
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As of 8:04 PM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1001 Louisiana Street

Suite 1000

Houston, TX 77002

United States

Phone: 713-369-9000

Fax:

The Diamond M and the North Snyder plants contract with the Snyder plant to process natural gas. Sales and Transportation Activities CO2 KMCO2 owns approximately 45% of, and operates, the McElmo Dome unit in Colorado, which contains more than 5.9 trillion cubic feet of recoverable CO2 as of January 1, 2014. It also owns approximately 87% of, and operates, the Doe Canyon Deep unit in Colorado, which contains approximately 832 Bcf of recoverable CO2 as of January 1, 2014. For both units combined, compression capacity exceeds 1.6 Bcf/d of CO2 and during 2013, the two units produced approximately 1.2 Bcf/d of CO2. KMCO2 also owns approximately 11% of the Bravo Dome unit in New Mexico and 100% of the St. Johns CO2 source field and related assets located in Apache County, Arizona, and Catron County, New Mexico. The Bravo Dome unit contains approximately 702 Bcf of recoverable CO2 as of January 1, 2014, and produced approximately 270 million cubic feet of CO2 per day in 2013. The St. Johns CO2 source field consists of all of the CO2 and helium located in both the St. Johns gas unit, a 158,000 acre unit located in Apache County, Arizona containing approximately 1.3 trillion cubic feet of recoverable CO2 as of January 1, 2014, and the Cottonwood Canyon CO2 unit, an approximate 90,000 acre unit located in Catron County, New Mexico containing approximately 360 Bcf of recoverable CO2 as of January 1, 2014. CO2 Pipelines As a result of its 50% ownership interest in Cortez Pipeline Company, the company owns a 50% equity interest in and operates the approximate 500-mile Cortez pipeline. The pipeline carries CO2 from the McElmo Dome and Doe Canyon source fields near Cortez, Colorado to the Denver City, Texas hub. In 2013, the Cortez pipeline system transported approximately 1.2 Bcf of CO2 per day. KMCO2’s Central Basin pipeline consists of approximately 143 miles of mainline pipe and 177 miles of lateral supply lines located in the Permian Basin between Denver City, Texas and McCamey, Texas. The pipeline has a throughput capacity of 700 MMcf/d. At its origination point in Denver City, the Central Basin pipeline interconnects with all three major CO2 supply pipelines from Colorado and New Mexico, namely the Cortez pipeline (operated by KMCO2) and the Bravo and Sheep Mountain pipelines (operated by Oxy Permian). Central Basin’s mainline terminates near McCamey, where it interconnects with the Canyon Reef Carriers pipeline and the Pecos pipeline. KMCO2’s Centerline CO2 pipeline consists of approximately 113 miles of pipe located in the Permian Basin between Denver City, Texas and Snyder, Texas. The pipeline has a capacity of 300 MMcf/d. KMCO2’s Eastern Shelf CO2 pipeline, which consists of approximately 91 miles of pipe located in the Permian Basin, begins near Snyder, Texas and ends west of Knox City, Texas. The Eastern Shelf pipeline has a capacity of 110 MMcf/d. KMCO2 also owns a 13% undivided interest in the 218-mile, Bravo pipeline, which delivers CO2 from the Bravo Dome source field in northeast New Mexico to the Denver City hub and has a capacity of approximately 350 MMcf/d. Tariffs on the Bravo pipeline are not regulated. Occidental Petroleum (81%) and XTO Energy (6%) hold the remaining ownership interests in the Bravo pipeline. In addition, KMCO2 owns approximately 98% of the Canyon Reef Carriers pipeline and approximately 69% of the Pecos pipeline. The Canyon Reef Carriers pipeline extends 139 miles from McCamey, Texas, to the SACROC unit in the Permian Basin. The pipeline has a capacity of approximately 270 MMcf/d and makes deliveries to the SACROC, Sharon Ridge, Cogdell and Reinecke units. The Pecos pipeline is a 25-mile pipeline that runs from McCamey to Iraan, Texas. It has a capacity of approximately 120 MMcf/d and makes deliveries to the Yates unit. Crude Oil Pipeline KMCO2 owns the Kinder Morgan Wink Pipeline, a 450-mile Texas intrastate crude oil pipeline system consisting of three mainline sections, two gathering systems and various truck delivery stations. The pipeline allows KMCO2 to better manage crude oil deliveries from its oil field interests in West Texas. KMCO2 has entered in

 

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KMP

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Valuation KMP Industry Range
Price/Earnings 23.6x
Price/Sales 2.7x
Price/Book 2.6x
Price/Cash Flow 7.8x
TEV/Sales 0.8x
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