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  1. Kinder Morgan to acquire Hiland Partners for $3 billion

    Kinder Morgan Inc. (KMI) has agreed to acquire Hiland Partners from founder Harold Hamm and certain Hamm family trusts for $3 billion, including the assumption of debt. The deal is expected to close in the first quarter. Hamm took Hiland Partners private in 2009 ( OGJ Online, June 2, 2009 ). The assets, mostly fee-based, consist of crude oil gathering and transportation pipelines and gas gathering and processing systems, primarily serving production from the Bakken shale in North Dakota and Montana. KMI says the deal includes a “significant amount of acreage dedicated under long-term gathering agreements.” Hiland’s customers include Continental Resources Inc., Oasis Petroleum Inc., XTO Energy Inc., Whiting Petroleum Corp., and Hess Corp., among others. Hiland’s crude oil gathering systems in North Dakota and Montana consist of 1,225 miles of gathering pipelines that deliver crude oil to the basin’s major takeaway pipelines and rail terminals. At closing, the crude oil gathering systems will have more than 1.8 million acres dedicated under long-term, fee-based agreements with major Bakken oil producers. At closing, Hiland’s largest oil gathering dedication will be with Continental, which has dedicated the majority of its Bakken acreage to Hiland’s gathering systems under a long-term agreement, including substantial acreage in McKenzie, Mountrail, and Williams counties in North Dakota. Hiland’s 485-mile Double H crude oil transportation pipeline will transport crude oil from Hiland’s Dore Terminal in North Dakota to Guernsey, Wyo., where Double H interconnects with the Pony Express Pipeline for further transportation to Cushing, Okla. Hiland is in the final stages of construction and is expected to begin service by the end of the month. Double H will have an initial capacity of 84,000 b/d, with an expansion to 108,000 b/d in 2016. The pipeline has firm take-or-pay contracts for 60,000 b/d and is currently conducting an open season for additional commitments ( OGJ Online, Nov. 20, 2014 ). Hiland’s gas gathering and processing systems in North Dakota and Montana consist of 1,800 miles of gathering pipelines and, upon completion of a plant expansion in 2015, 240 MMcfd of gas processing capacity and 30,000 b/d of fractionation capacity. Those systems process associated gas from oil production and have 3.7 million acres dedicated under long-term agreements with major Bakken oil producers. Additionally, Hiland’s Midcontinent systems gather and process gas in the Woodford shale and other areas of Oklahoma. KMI anticipates retaining nearly all of Hiland’s 430 employees. “This transaction is about expanding our midstream footprint and Hiland’s employees will be a critical part of that growth,” said Richard D. Kinder, KMI chairman and chief executive officer. KMI last year acquired all of the outstanding equity securities of Kinder Morgan Energy Partners LP, Kinder Morgan Management LLC, and El Paso Pipeline Partners LP, creating a single publicly traded security, for a total purchase price of $71 billion ( OGJ Online, Aug. 11, 2014 ).

    Online Articles

    Online Articles

    Thu, 22 Jan 2015

  2. CONDENSATE AT "T'S"-1 CALCULATIONS PREDICT CONDENSATE MOVEMENT AT 'T' JUNCTIONS

    Jan M. H. Fortuin, Peter J. Hamersma, Jaap Hart University of Amsterdam Amsterdam Harry J. Smit, W. P. Baan NV Nederlandse Gasunie Groningen, The Netherlands A model for the prediction of the route preference of condensate at "T" junctions in gas- transportation pipelines has been developed. The ...

    Magazine Articles

    Magazine Articles

    Mon, 21 Jan 1991

  3. North American fractionating, splitting projects advance

    Recent clarifications by the US Bureau of Industry regarding the export of condensate amid growing supplies of domestic oil and gas shale production have sustained expansions of fractionation and splitting capacity by US and Canadian operators.

    Magazine Articles

    Magazine Articles

    Mon, 1 Jun 2015

  4. Americans warm up to gas

    As you pick up the latest edition of OGJ after another volatile day in oil and gas, collapse into your favorite chair that's stationed next to your natural gas-fueled fireplace, and take in the latest industry news, you can take solace in the fact that it won't cost you an arm and a leg to stay ...

    Magazine Articles

    Magazine Articles

    Mon, 26 Jan 2015

  1. South Louisiana, Texas gas plant, pipeline projects advance

    Online Articles

    Online Articles

    Wed, 24 Sep 2014

  2. OGJ Newsletter

    International news for oil and gas professionals

    Magazine Articles

    Magazine Articles

    Mon, 17 Mar 2014

  3. Devon, Crosstex complete merger of midstream assets

    Devon Energy Corp., Oklahoma City, and Crosstex Energy LP, Dallas, have completed the merger of their midstream assets to form general partner EnLink Midstream LLC and master limited partnership EnLink Midstream Partners LP. A definitive agreement on the deal was signed in October 2013.

    Online Articles

    Online Articles

    Fri, 7 Mar 2014

  4. Devon Energy to buy Eagle Ford assets for $6 billion

    Devon Energy Corp. has reached a definitive agreement to purchase Eagle Ford assets from Woodlands, Tex.-based independent GeoSouthern Energy for $6 billion in cash.

    Magazine Articles

    Magazine Articles

    Mon, 2 Dec 2013

  5. El Paso to buy gas assets from Kinder Morgan for $2 billion

    El Paso Pipeline Partners LP, a Kinder Morgan Inc. subsidiary, has agreed to acquire 50% interest in Ruby Pipeline, 50% interest in Gulf LNG, and 47.5% interest in Young Gas Storage from Kinder Morgan for $2 billion, effective Apr. 30.

    Online Articles

    Online Articles

    Tue, 29 Apr 2014

  6. Devon Energy to buy Eagle Ford assets for $6 billion

    Devon Energy Corp. has reached a definitive agreement to purchase Eagle Ford assets from Woodlands, Tex.-based independent GeoSouthern Energy for $6 billion in cash. The transaction is expected to close in first-quarter 2014.

    Online Articles

    Online Articles

    Wed, 20 Nov 2013

  7. Devon, Crosstex Energy to merge midstream assets

    Devon Energy Corp., Oklahoma City, and Dallas-based Crosstex Energy LP reported Oct. 21 the signing of a definitive agreement to combine nearly all of Devon's US midstream assets with those of Crosstex to form a new midstream business.

    Magazine Articles

    Magazine Articles

    Mon, 28 Oct 2013

  8. Devon, Crosstex Energy to merge midstream assets

    Devon Energy Corp., Oklahoma City, and Dallas-based Crosstex Energy LP reported Oct. 21 the signing of a definitive agreement to combine substantially all of Devon’s US midstream assets with those of Crosstex to form a new midstream business.

    Online Articles

    Online Articles

    Mon, 21 Oct 2013

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