| Kinder Morgan's Double H Pipeline Starts Receiving Delivery | |
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Kinder Morgan, Inc. KMI has started to obtain volumes from the Powder River Basin into its Double H pipeline system.
A newly constructed connection near Douglas, WY is being used to transport the liquid into the Double H pipeline system. Thereafter, the crude oil will be delivered to Guernsey, WY The new connection has augmented the system capacity to about 99,000 barrels per day.
The successful open season earlier this year on the local Double H pipeline, along with the joint Hiland/Pony Express systems, resulted in additional commitments to the Double H pipeline from sources in North Dakota and Wyoming. These developments, in turn, have been the drivers for the Powder River Basin project. This will, therefore, enhance connectivity to the local and regional markets.
Double H, which was commissioned in Feb 2015, also provides shippers access through an interconnect with the Pony Express Pipeline for transportation to the Phillips 66 PSX Refinery in Ponca City, OK as well as the Deeprock Terminal in Cushing, OK.
The Double H pipeline provides enhanced services to Powder River Basin producers via its well-connected pipeline system. It boasts an excellent pipeline system that gives access to attractive markets while boosting its total system capacity.
Kinder Morgan is one of the largest energy infrastructure companies in North America. The company operates approximately 84,000 miles of pipelines transmitting natural gas, refined petroleum products, crude oil, carbon dioxide and additional products. It has 165 terminals that store petroleum products and chemicals, as well as ethanol, coal, petroleum coke, gasoline, jet fuel and steel.
Kinder Morgan currently carries a Zacks Rank #3 (Hold).
Some better-ranked players in the energy sector are Seadrill Partners, LLC SDLP and Valero Energy Partners, L.P. VLP. Each of these stocks sports a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report KINDER MORGAN (KMI): Free Stock Analysis Report PHILLIPS 66 (PSX): Free Stock Analysis Report SEADRILL PTNRS (SDLP): Free Stock Analysis Report VALERO EGY PTNR (VLP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Kinder Morgan
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CODE : KMP |
ISIN : US4945501066 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Kinder Morgan est une société de production minière basée aux Etats-Unis D'Amerique. Kinder Morgan est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 46,0 milliards US$ (36,7 milliards €). La valeur de son action a atteint son plus bas niveau récent le 25 juin 1999 à 10,00 US$, et son plus haut niveau récent le 26 novembre 2014 à 102,03 US$. Kinder Morgan possède 450 600 000 actions en circulation. |