New Kinder Morgan pipeline frees natgas long-trapped in Permian [Reuters]
Kinder Morgan, Inc. (KMI)
Last kinder morgan, inc. earnings: 4/22 04:05 pm
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Source: Reuters
New Kinder Morgan pipeline frees natgas long-trapped in Permian NEW YORK, Sept 26 (Reuters) - A new $1.75 billion natural gas pipeline went into service in Texas on Wednesday with enough capacity to supply 10 million U.S. homes per day. Analysts say the region now needs four or more just like it. Kinder Morgan Inc started commercial service on its 2 billion cubic feet per day (bcfd) Gulf Coast Express natural gas pipeline slightly ahead of schedule, providing much-needed takeaway capacity from the Permian region in West Texas and eastern New Mexico. The Permian is the biggest U.S. production area for crude and the second biggest for natural gas. Output in the basin is at record highs and is growing. Oil drilling produces a lot of associated gas in the Permian, some of which drillers have been burning off or flaring at record rates because there was not enough space on existing pipes to move it to market. That lack of pipeline capacity caused gas prices in the Permian to turn negative
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KMI
News
- UPDATE 1-Kinder Morgan declares force majeure on west Texas natgas pipeline [Yahoo! Finance]Yahoo! Finance
- Texas Natural Gas Prices Plummet After Pipeline Fire [BNN Bloomberg (Canada)]BNN Bloomberg
- The Trans Mountain Pipeline is about to start pumping oil. What happens next? [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Kinder Morgan (KMI) Beats on Q1 Earnings, Hikes Dividend [Yahoo! Finance]Yahoo! Finance
- 4 Oil Pipeline Stocks to Gain From the Prospering Industry [Yahoo! Finance]Yahoo! Finance
KMI
Earnings
- 4/17/24 - Beat
KMI
Sec Filings
- 4/26/24 - Form DEFA14A
- 4/24/24 - Form 4
- 4/24/24 - Form 144/A
- KMI's page on the SEC website