Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced Don
Lindley has been named president, Natural Gas Liquids Business
Development, of Kinder Morgan Energy Partners.
"America's developing shale plays are dramatically changing energy
supply, and we are seeing related growth opportunities across our
business segments," explained Kinder Morgan Chairman and CEO Richard D.
Kinder. "Our successful Kinder Morgan Crude and Condensate Pipeline and
Cochin reversal projects, both of which Don was involved in, are
examples of the kind of opportunities we hope to capture. In his new
role, Don will organize these business development activities at KMP,
which we believe will help us further expand the Kinder Morgan footprint
of assets."
Lindley joined Kinder Morgan in 1999 and was most recently vice
president of business development for Kinder Morgan's Products Pipelines
business. He was instrumental in building the approximately $216 million
Kinder Morgan Crude and Condensate Pipeline, which has a capacity of
300,000 barrels per day and began service in June of 2012. It transports
product from the Eagle Ford Shale to the Houston Ship Channel. Lindley
currently is overseeing development of an approximately $360 million
petroleum condensate processing facility on the Houston Ship Channel,
and the approximately $260 million Cochin Pipeline Reversal Project,
which will reverse flow on the western leg of the pipeline system to
provide light condensate to oilsands producers in Western Canada.
In his new role, Lindley will continue to manage business development
activities involving the Cochin pipeline system and the company's crude
and condensate business and will now also direct expansion strategies
across KMP's business segments into new markets with natural gas liquids
and crude opportunities.
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 51,000 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 $115 billion. It owns an interest in or operates
approximately 80,000 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.
