HomeMagazine2011October 2011, Vol. 238 No. 10Kinder Morgan Acquires SouthTex Treaters

October 2011, Vol. 238 No. 10

In The News

Kinder Morgan Acquires SouthTex Treaters

Following hot on the heels of the announcement that Kinder Morgan Energy Partners had agreed to acquire El Paso Corporation, KMP announced Oct. 24 that it has signed a definitive purchase and sale agreement to acquire SouthTex Treaters, a manufacturer, designer and fabricator of natural gas treating plants that remove CO2 and H2S, for approximately $155 million. The manufactured amine plants range in size from 5 to 1,200 gallons per minute of treating capacity. Kinder Morgan Treating, a subsidiary of KMP, is the largest provider of contract operated treating and hydrocarbon dew point conditioning plants. KMP says the acquisition will allow Kinder Morgan Treating to build amine p

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