Seeking Alpha

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

  • 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.
Comments (2)
  • Ruffdog
    , contributor
    Comments (1238) | Send Message
    Another great move by Richard Kinder!
    6 May, 09:42 AM Reply Like
  • IamBill
    , contributor
    Comments (11) | Send Message
    I am amazed by these constant stream of projects. A few hundred million here, a billion there. The numbers are mind boggling.
    6 May, 09:17 PM Reply Like
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