Kinder Morgan Reaches FID on Permian Highway Pipeline Expansion Project

Permian Pipeline, jointly owned by Kinder Morgan, Kinetik Holdings and ExxonMobil subsidiaries, will proceed with its expansion project across the state of Texas.

Hart Energy Staff
Permian Highway Pipeline, Kinder Morgan, Exxon Mobil

Permian Highway Pipeline announced a final investment decision to proceed with its expansion project on June 29. (Source: Eko Eko / Shutterstock.com)

Permian Highway Pipeline LLC reached final investment decision (FID) to proceed with its expansion project that will increase the company's capacity by approximately 550 MMcf/d, a company release announced on June 29.

The project secured binding firm transportation agreements for all available capacity and now intends to begin production on Nov. 1, 2023 pending the receipt of required approvals.

Currently operating at 2.1 Bcf/d capacity, Permian Highway Pipeline is owned collectively by subsidiaries of Kinetik Holdings Inc. (53.3%), Kinder Morgan Inc. (26%) and ExxonMobil (20%).

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