Kinder Morgan plans $671M in CO2 enhanced oil recovery projects

|About: Kinder Morgan Energy Partne... (KMP)|By:, SA News Editor

Kinder Morgan Partners (KMP, KMI) says it will invest ~$671M to grow its carbon dioxide infrastructure in southwest Colorado and New Mexico for use in enhanced oil recovery projects.

KMP plans to expand its CO2 production operations in the Cow Canyon area of the McElmo Dome source field in Colorado and expand the 500-mile Cortez pipeline that transports CO2 from southwest Colorado to east New Mexico and west Texas.

These investments are in addition to KMPs recently announced initiative to invest ~$1B to develop the St. Johns source field in Arizona and build a new, 214-mile pipeline to transport CO2 from St. Johns to the Cortez pipeline.