KMEP completes acquisition of KKR's Uinta, Eagle Ford assets

Kinder Morgan Energy Partners LP (KMEP) completed its acquisition of a 50% interest in a joint venture owning the Altamont gathering, processing, and treating assets in the Uinta basin in Utah and the Camino Real gathering system in the Eagle Ford shale in Texas from Kohlberg Kravis Roberts & Co. LP for $300 million in KMP units.

KMEP now owns 100% of the venture, 50% at KMEP and 50% at Kinder Morgan Inc. (KMI) The KMI portion was acquired as part of KMEP’s purchase of El Paso Corp. (OGJ Online, Apr. 26, 2012).

With more than 1,100 miles of pipeline, the Altamont system includes in excess of 450 well connections, and operates a 60 MMcfd processing plant and a 5,600 b/d NGL fractionator. The Camino Real gathering system has 150 MMcfd gas gathering capacity and 110,000 b/d oil gathering capacity.

Bill Barrett Corp. is one of many operators, including Anadarko Petroleum Corp. and Noble Energy Inc., with plans to expand activities in the Niobrara play, including the Uinta basin (OGJ Online, June 4, 2012). Operators also continue to increase their efforts in the Eagle Ford shale.

Contact Christopher E. Smith at chriss@ogjonline.com.

Related Articles

WoodMac: US tight-oil market ‘too robust to bust’

03/25/2014 A drop in global oil price levels or a significant widening of the differential between global oil prices and inland realizations are just two of t...

Gorder named Valero chief executive officer

03/25/2014

Joe Gorder, Valero Energy Corp. president and chief operating officer, has been named chief executive officer, succeeding Bill Klesse.

Double Eagle changes name, appoints chief executive officer

03/25/2014 Double Eagle Petroleum Co., Denver, has appointed Charles F. Chambers to the position of chairman and chief executive officer, effective Apr. 1. As...

MOL closes purchase of North Sea assets from Wintershall

03/25/2014 MOL Group, Budapest, has completed its transaction with Wintershall, Kassell, Germany, in which MOL acquires offshore assets with 14 licenses in th...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected