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Kinder Morgan merges oil, gas, pipeline assets in consolidation

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HOUSTON (Bloomberg) -- Kinder Morgan Inc. will merge all its oil and natural gas storage and pipeline partnerships under the corporate parent in a $70 billion consolidation that creates the largest energy infrastructure company in North America. Kinder Morgan, or KMI, will buy all the outstanding equity securities of Kinder Morgan Energy Partners LP, Kinder Morgan Management LLC and El Paso Pipeline Partners LP -- all of which are controlled by the corporation, according to a statement.


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Kinder Morgan merges oil, gas, pipeline assets in consolidation Kinder Morgan merges oil, gas, pipeline assets in consolidation Reviewed by Crude Oil Brokers on 02:06 Rating: 5

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