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Kinder Morgan Energy Partners Completes Purchase of Midstream Joint Venture


Monday, 4 Jun 2012 08:06pm EDT 

Kinder Morgan Energy Partners announced that it has completed its acquisition of a 50% interest in a joint venture that owns the Altamont gathering, processing and treating assets in the Uinta Basin in Utah and the Camino Real gathering system in the Eagle Ford Shale in Texas from Kohlberg Kravis Roberts & Co. L.P. for $300 million in Kinder Morgan Energy Partners units. Kinder Morgan now owns 100% of the joint venture, 50% at Kinder Morgan Energy Partners and 50% at Kinder Morgan, Inc. 

Company Quote

88.0
-0.93 -1.05%
23 May 2013