Kinder Morgan Freedom Pipeline LLC, a subsidiary of Kinder Morgan Energy
Partners, L.P. (NYSE: KMP), is conducting a binding open season to
determine industry interest in the development of an oil pipeline to
transport crude oil from the Permian Basin of West Texas to serve the
refining complexes of northern and southern California. The Kinder
Morgan Freedom Pipeline is the only westbound crude oil pipeline
proposed from the Permian Basin and would enable the transportation of
crude oil from the Wink-Midland, Texas area to anticipated intrastate
pipeline interconnection locations near Emidio and Pentland, California.
As currently conceived, the project would have an initial capacity of
approximately 277,000 barrels per day.
Subject to receiving customer support and regulatory approvals,
construction of crude oil facilities and natural gas replacement
facilities owned by Kinder Morgan affiliate El Paso Natural Gas Company,
L.L.C. (EPNG) could begin by June 2015, with in-service of the Kinder
Morgan Freedom Pipeline planned in the late fourth quarter of 2016.
Construction of the Kinder Morgan Freedom Pipeline largely will be
within, or co-located adjacent to, existing utility rights-of-way for
almost its entire approximately 1,025-mile length, which will minimize
environmental impacts. As currently planned, the Kinder Morgan Freedom
Pipeline Project will consist of the following major components:
-
Conversion to crude oil service of approximately 740 miles of existing
natural gas pipeline currently owned by EPNG, as well as a return to
service of inactive EPNG lines and construction of new crude pipeline
and pumping stations;
-
Construction of approximately 22 miles of new pipeline for
interconnections in California and approximately 200 miles of pipeline
between Wink and El Paso, Texas; and
-
Construction of operational tank facilities in the receipt area of
Wink and Midland, Texas, and at the points of delivery in California.
EPNG currently operates a multiple pipeline system that transports
natural gas between the Permian Basin in West Texas and San Bernardino
County, California. Kinder Morgan Freedom Pipeline is planning to pursue
the acquisition of required pipelines owned by EPNG, subject to approval
from the Federal Energy Regulatory Commission, and make improvements to
such lines that will enable Kinder Morgan Freedom Pipeline to transport
crude oil from West Texas to anticipated intrastate pipeline
interconnection locations near Emidio and Pentland, California.
In order to participate in the open season, parties must have executed
and delivered a confidentiality agreement and nomination of interest to
Kinder Morgan by the close of the open season, at 5 p.m. CDT, May 2,
2013. For additional information on the open season, and to receive a
confidentiality agreement, contact Tom Dobson at 719-520-4606 or tom_dobson@kindermorgan.com.
Potential shippers should direct any questions
about this open season to the following:
Gregory W. Ruben
Vice President, Business Development
Two
North Nevada Avenue
Colorado Springs, Colorado
Telephone:
719-520-4870
Email: Gregory_Ruben@kindermorgan.com
Tom Dobson
Account Director, Business Development
Two North
Nevada Avenue
Colorado Springs, Colorado
Telephone:
719-520-4606
Email: Tom_Dobson@kindermorgan.com
Kinder Morgan Energy Partners, L.P. (NYSE: KMP) is a leading pipeline
transportation and energy storage company and one of the largest
publicly traded pipeline limited partnerships in America. It owns an
interest in or operates approximately 44,000 miles of pipelines and 180
terminals. The general partner of KMP is owned by Kinder Morgan, Inc.
(NYSE: KMI). Kinder Morgan is the largest midstream and the third
largest energy company in North America with a combined enterprise value
of approximately $100 billion. It owns an interest in or operates
approximately 73,000 miles of pipelines and 180 terminals. Its pipelines
transport natural gas, gasoline, crude oil, CO2 and other products, and
its terminals store petroleum products and chemicals and handle such
products as ethanol, coal, petroleum coke and steel. KMI owns the
general partner interests of KMP and El Paso Pipeline Partners, L.P.
(NYSE: EPB), along with limited partner interests in KMP, Kinder Morgan
Management, LLC (NYSE: KMR) and EPB. For more information please visit http://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.
