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March 26, 2014
08:17 EDTKMPKinder Morgan to invest approximately $1B to expand CO2 network
Kinder Morgan Energy announced it will build and operate a new, 213-mile, 16-inch diameter pipeline to transport carbon dioxide from the company’s St. Johns source field in Apache County, Arizona, to the Kinder Morgan-operated Cortez Pipeline in Torrance County, New Mexico. The new Lobos Pipeline will have an initial capacity of 300M standard cubic feet per day and will support current and future enhanced oil recovery projects owned by Kinder Morgan and other operators in the Permian Basin of West Texas and eastern New Mexico. The company plans to invest approximately $300M on the pipeline, and an additional $700M to drill wells and build field gathering, treatment and compression facilities at the St. Johns field. The project is expected to be in service by 3Q16 pending receipt of environmental and regulatory approvals. Construction of the Lobos Pipeline will follow existing utility rights-of-way wherever possible to minimize environmental impacts. The project will employ approximately 1,200 contractors during construction.
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