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Tech Stack at Kinder Morgan

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Kinder Morgan

Kinder Morgan

Premier Midstream Transaction Provides Immediate and Long-Term Accretion to Cash Available to Pay Dividends to KMI Shareholders Kinder Morgan, Inc. (NYSE: KMI) today closed its previously announced acquisition of Hiland Partners (Hiland) for a total purchase price of approximately $3 billion, including the assumption of approximately $1 billion of debt. Hiland’s assets, mostly fee based, consist of crude oil gathering and transportation pipelines and natural gas gathering and processing systems, primarily serving production from the Bakken Formation in North Dakota and Montana. “This transaction establishes a premier midstream platform for us in the Bakken with a significant amount of acreage dedicated under long-term gathering agreements,” said Kinder Morgan Chairman and CEO Richard D. Kinder. “These acreage dedications are with some of the Bakken’s largest and most successful producers, covering some of the most attractive and economically viable areas in the basin. We look forward

Industry

Oil and Gas

Employees

11,000

HQ Country

United States

Revenue (USD)

18,795,000,000

Founding year

1997

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