Kinder Morgan

Company Overview

Kinder Morgan was formed in 1997 through the acquisition of the small, publicly traded pipeline-limited partnership called Enron Liquids Pipeline. The company quickly grew through market expansions and acquisitions to become a leading U.S. pipeline transportation, terminal and energy storage company. Through its 83,000 miles of pipeline and 141 terminals in North America, Kinder Morgan transports, stores and handles natural gas, refined petroleum products, crude oil, ethanol, coal and CO₂. The company operates through transportation, handling, and storage fees. With the exception of the CO₂ and produced oil and gas from its CO₂-EOR projects in the Permian basin, it does not own the energy products that flow through its systems. Kinder Morgan transports CO₂ from third-party man-made and natural CO₂ resources and also produces CO₂ from owned natural resources—making the company a leading supplier of CO₂ for enhanced oil recovery to the oil production industry. 

With the acquisition of the Shell CO₂ Co. in 2000, Kinder Morgan owns the most extensive CO₂ pipeline network in the industry. Kinder Morgan also holds some of the largest regional natural CO₂ reserves with Bravo Dome and McElmo Dome and other assets totaling around 20 trillion cubic feet of CO₂. Kinder Morgan’s CO₂ business unit maintains interests in and operates natural gas and gasoline processing facilities supplying additional CO₂. The company owns interest in the Permian Basin oil fields of West Texas, including the SACROC unit, the Katz Strawn unit, the Goldsmith Landreth San Andres unit, the Tall Cotton Field, Reinecke Unit Field and the Yates Field. On the EOR production side, it produces more than 50,000 barrels of oil per day (bopd) and around 20,000 barrels of natural gas liquids per day, much of which comes from our large SACROC Unit.

Financial Highlights (FY 2024)

Company's Business Segments

• Natural Gas Pipelines : This segment encompasses interstate and intrastate pipelines, underground storage facilities, LNG liquefaction and terminal facilities, NGL fractionation facilities, as well as FERC-regulated and non-FERC-regulated assets.
• Products Pipelines : This segment comprises refined petroleum products, crude oil condensate pipelines, and associated terminals, a condensate processing facility, and transmix processing facilities.
• Terminals : This segment operates its refined petroleum product, chemical, renewable fuel, and other liquid terminal facilities (excluding those included in the Products Pipelines business segment) and bulk terminal facilities, which handle products such as petroleum cokes, metals, and ores.
• CO2 : This segment produces, transports, and markets CO for use in enhanced oil recovery projects as a flooding medium for recovering crude oil from mature oil fields.