KMEP to buy Petrohawk shale assets; build liquids pipeline

Kinder Morgan Energy Partners LP has entered into a definitive agreement to buy Petrohawk Energy Corp.’s 50% interest in KinderHawk Field Services in the Haynesville shale and a 25% interest in Petrohawk’s natural gas gathering and treating business in the Eagle Ford shale. KMP also will build a 300,000-b/d crude-condensate pipeline to move Petrohawk Eagle Ford production to the Houston Ship Channel.

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