Kinder Morgan’s 4Q13 Update for Marcellus/Utica, Condensed
Kinder Morgan, a $110 billion company with 11,000 employees, is the largest midstream (pipeline and processing plant) company in North America. As you might imagine, their vast operations include pipelines and plants in all of the major shale plays, including the Marcellus and Utica. Yesterday KM issued their fourth quarter 2013 update, which is extensive. Really long, like you may turn another year older by the time you finish reading it! So we “took one for the team” and scanned through it to bring you all of the references to either the Marcellus or Utica, which we’ve extracted and list below (saving you a lot of time).
KM’s update for the northeast centers on its $500 million Northeast Upgrade Project for the Tennessee Gas Pipeline, new pipelines they plan to build, including the UTOPIA NGL pipeline, and on their joint venture deals with MarkWest. Here’s the greatly condensed version of the KM update relevant for the Marcellus/Utica: