The FERC has granted Kinder Morgan’s request to begin the pre-filing process for its $500-million Louisiana pipeline project. The project involves building a 137-mi, 42-in. natural gas pipeline that would provide take-away capacity from the Cheniere Sabine Pass LNG plant now under construction in Cameron Parish.
As proposed, the Kinder Morgan Louisiana Pipeline would originate at the Sabine Pass LNG terminal and extend approximately 137 mi before terminating in Evangeline Parish. This large-diameter line would connect to various interstate and intrastate pipelines within Louisiana; and new a one-mile, 36-in. pipeline would connect it to the Natural Gas Pipeline Company of America system. Pending timely approvals, an April 2009 completion is planned.
Recommended Reading
E&P Earnings Season Proves Up Stronger Efficiencies, Profits
2024-04-04 - The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.
CEO: Coterra ‘Deeply Curious’ on M&A Amid E&P Consolidation Wave
2024-02-26 - Coterra Energy has yet to get in on the large-scale M&A wave sweeping across the Lower 48—but CEO Tom Jorden said Coterra is keeping an eye on acquisition opportunities.
Granite Ridge Resources Declares Quarterly Dividend
2024-02-20 - Granite Ridge Resources’ dividend is payable March 15.
The One Where EOG’s Stock Tanked
2024-02-23 - A rare earnings miss pushed the wildcatter’s stock down as much as 6%, while larger and smaller peers’ share prices were mostly unchanged. One analyst asked if EOG is like Narcissus.
Endeavor Integration Brings Capital Efficiency, Durability to Diamondback
2024-02-22 - The combined Diamondback-Endeavor deal is expected to realize $3 billion in synergies and have 12 years of sub-$40/bbl breakeven inventory.