HomeMagazine2013April 2013, Vol. 240 No. 4KM Energy Partners Lands Full Stake In El Paso Natural Gas Pipeline, Midstream Assets

April 2013, Vol. 240 No. 4

Business Meetings & Events

KM Energy Partners Lands Full Stake In El Paso Natural Gas Pipeline, Midstream Assets

Kinder Morgan Energy Partners L.P. (KMP) has completed the acquisition of 50% of El Paso Natural Gas Co. LLC (EPNG) and 50% of former El Paso Midstream assets in Utah and South Texas from Kinder Morgan Inc. The transaction is valued at $1.6 billion. KMP now owns 100% of both EPNG and the midstream assets. EPNG is a 10,200-mile system with design capacity of 5.6 Bcf/d. It transports natural gas from the San Juan, Permian and Anadarko basins to California, other western states, Texas and northern Mexico. EPNG has up to 44 Bcf of working natural gas storage capacity. The midstream assets include Altamont gathering, processing and treating assets in the Uinta Basin in Utah and the

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