Kinder Morgan Transports Powder River Basin Barrels to Guernsey on Double H Pipeline System
By Business Wire News
By Business Wire News
Kinder Morgan, Inc. (NYSE: KMI) today announced it has begun to receive Powder River Basin volumes into its Double H pipeline system via a newly constructed connection near Douglas, Wyoming, for crude oil deliveries to Guernsey, Wyoming, increasing its system capacity to approximately 99,000 barrels per day (bpd). The Powder River Basin project is the result of the successful open season held earlier this year on the local Double H pipeline and the joint Hiland/Pony Express systems which resulted in additional commitments to the Double H pipeline from sources in North Dakota and Wyoming.
“We are pleased to provide service to Powder River Basin producers with efficient pipeline access to attractive markets while increasing the total system capacity on Double H,” said Don Lindley, president of Natural Gas Liquids, Products Pipelines for KMI. “The system has the capability to be expanded further, and we will continue to pursue additional growth opportunities in the Bakken and the Powder River Basin.”
Kinder Morgan’s Double H pipeline is supplied by the Market Center Gathering system in the Bakken and terminates near Guernsey. The 485-mile pipeline transports crude oil from the Dore Terminal in North Dakota and the Albin Terminal in Montana to Guernsey. At Guernsey, Double H anticipates placing delivery connections to the Plains All American Pipeline, Guernsey Station and Sinclair Guernsey Terminal into service in the third quarter of 2015 to provide increased connectivity to local and regional markets. Shippers also have access via an interconnect with the Pony Express Pipeline for transportation to the Phillips 66 Refinery in Ponca City, Oklahoma, or the Deeprock Terminal in Cushing, Oklahoma. Double H was placed in service in February 2015.
Kinder Morgan, Inc. (NYSE: KMI) is the largest energy infrastructure company in North America. It owns an interest in or operates approximately 84,000 miles of pipelines and 165 terminals. The company’s pipelines transport natural gas, gasoline, crude oil, CO2 and other products, and its terminals store petroleum products and chemicals, and handle bulk materials like coal and petroleum coke. Kinder Morgan is the largest midstream and third largest energy company in North America with an enterprise value of approximately $115 billion. For more information please visit www.kindermorgan.com.
This news release includes forward-looking statements.These forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them.Although Kinder Morgan believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance that such assumptions will materialize.Important factors that could cause actual results to differ materially from those in the forward-looking statements herein include those enumerated in Kinder Morgan’s reports filed with the Securities and Exchange Commission.Forward-looking statements speak only as of the date they were made, and except to the extent required by law, Kinder Morgan undertakes no obligation to update or review any forward-looking statement because of new information, future events or other factors.Because of these uncertainties, readers should not place undue reliance on these forward-looking statements.