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Stock Market & Financial Investment News

News Breaks
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.
News For KMP From The Last 14 Days
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October 24, 2014
10:03 EDTKMPOn The Fly: Analyst Downgrade Summary
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07:50 EDTKMPKinder Morgan Energy downgraded to Hold from Buy at Argus
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07:34 EDTKMPNEB prevents City of Burnaby from blocking Trans Mountain
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October 21, 2014
07:26 EDTKMPKinder Morgan pipeline faces opposition from native tribes, Reuters says
Kinder Morgan's plans for a Canadian pipeline expansion worth $4.8B is now up against lawsuits from indigenous communities who are aiming to use the courts to hinder the proposed oil pipeline, according to Reuters, citing comments from Grand Chief of the Union of British Columbia Indian Chiefs Stewart Phillip. Reference Link

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