Profile: Kinder Morgan Inc (KMI)
23 May 2019
Kinder Morgan, Inc., incorporated on August 23, 2006, is an energy infrastructure company in North America. The Company operates through five segments: Natural Gas Pipelines, CO2, Terminals, Products Pipelines and Kinder Morgan Canada. As of December 31, 2016, the Company owned an interest in or operated approximately 84,000 miles of pipelines and 155 terminals. The Company's pipelines transport natural gas, refined petroleum products, crude oil, condensate, carbon dioxide (CO2) and other products, and its terminals transload and store petroleum products, ethanol and chemicals, and handle such products as steel, coal and petroleum coke. The Company is a producer of CO2, which others utilize for enhanced oil recovery projects in the Permian basin.
Natural Gas Pipelines
The Company's Natural Gas Pipeline segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems, and liquefied natural gas (LNG) facilities. The Company's primary businesses in this segment consist of natural gas sales, transportation, storage, gathering, processing and treating, and the terminating of LNG. As of December 31, 2016, the segment had approximately 46,000 miles of natural gas pipelines and its equity interests in entities that had approximately 26,000 miles of natural gas pipelines, along with associated storage and supply lines for these transportation networks, which are located throughout the North American natural gas pipeline grid. The Company's transportation network provides access to the natural gas supply areas and consumers in the western United States, Louisiana, Texas, the Midwest, Northeast, Rocky Mountain, Midwest and Southeastern regions.
The Company's CO2 business segment produces, transports and markets CO2 for use in enhanced oil recovery projects as a flooding medium for recovering crude oil from mature oil fields. The Company's CO2 pipelines and related assets allow the Company to market a package of CO2 supply, transportation and technical expertise to its customers. The Company also holds ownership interests in various oil-producing fields and owns a crude oil pipeline, all located in the Permian Basin region of West Texas. Its principal market for CO2 is for injection into mature oil fields in the Permian Basin.
The Company's Terminals segment includes the operations of its refined petroleum product, crude oil, chemical, ethanol and other liquid terminal facilities and all of its coal, petroleum coke, fertilizer, steel, ores and other dry-bulk terminal facilities. The Company's terminals are located throughout the United States and in portions of Canada. The Company classifies its terminal operations based on the handling of either liquids or dry-bulk material products. In addition, Terminals' marine operations include Jones Act qualified product tankers that provide marine transportation of crude oil, condensate and refined petroleum products in the United States.
The Company's Products Pipeline segment is engaged in the ownership and operation of refined petroleum products, NGL and crude oil and condensate pipelines that deliver gasoline, diesel and jet fuel, propane, crude oil and condensate, among other products to various markets, and the ownership and/or operation of associated product terminals and petroleum pipeline transmix facilities. The Company's products Pipelines segment also consists of NGL pipelines and associated terminals, and Southeast terminals. The terminals provide services, including short-term product storage, truck loading, vapor handling, additive injection, dye injection and ethanol blending. Its West Coast Products Pipelines assets include interstate common carrier pipelines, intrastate pipelines in the state of California and certain non-rate-regulated operations and terminal facilities.
Kinder Morgan Canada
The Company's kinder Morgan Canada segment is engaged in the ownership and operation of the Trans Mountain pipeline system that transports crude oil and refined petroleum products from Edmonton, Alberta, Canada to marketing terminals and refineries in British Columbia, Canada and the state of Washington, and the Jet Fuel aviation turbine fuel pipeline that serves the Vancouver (Canada) International Airport. The capacity of the line at Edmonton ranges from 300 thousand barrels per day (MBbl/d) when heavy crude oil represents 20% of the total throughput to 400 MBbl/d with no heavy crude oil. As of December 31,2016, in addition to its receiving and storage facilities located at the Westridge Marine terminal, located in Port Metro Vancouver, the Jet Fuel pipeline system's operations included a terminal at the Vancouver airport that consisted of five jet fuel storage tanks with an overall capacity of 15 thousand barrels (MBbl).
The Company competes with Oxy U.S.A., Inc.
Kinder Morgan Inc
1001 Louisiana St Ste 1000
HOUSTON TX 77002-5089
Company Web Links
- Kinder Morgan Canada to remain independent after strategic review
- Con Edison in deal to boost natgas flows to New York on Iroquois pipe
- Kinder Morgan's $1.75 billion gas pipeline hit with steel tariff: filing
- UPDATE 3-Kinder Morgan's $1.75 bln gas pipeline hit with steel tariff -filing
- Kinder Morgan's $1.75 bln gas pipeline hit with steel tariff - filing