Tallgrass and Kinder Morgan Agree to Expand Rockies Crude Efforts
Tallgrass Energy and Kinder Morgan agreed to work together to expand crude oil takeaway capacity from the Powder River and DJ basins and move those barrels via the Seahorse Pipeline to the Gulf Coast.Financial terms of the transaction were not disclosed, but as Tallgrass is contributing its Pony Express system and Kinder Morgan is contributing portions of its Wyoming and Cheyenne Plains Gas pipeline (which will be converted to oil), we see this transaction as quite strategic. We do not plan to...
Kinder Morgan is an energy infrastructure company. The company's segments are: Natural Gas Pipelines, which includes the ownership and operation of, among others, main interstate and intrastate natural gas pipeline and storage systems; Products Pipelines, which includes the refined petroleum products, crude oil and condensate pipelines; Terminals, which includes the ownership and/or operation of, among others, liquids and bulk terminal facilities; and carbon dioxide (CO2), which includes the production, transportation and marketing of CO2, ownership interests in and/or operation of oil fields and gasoline processing plants in West Texas.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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