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Kinder Morgan Energy Partners, L.P. Message Board

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  • rrb1981 rrb1981 Nov 3, 2004 6:24 PM Flag

    billyjoe---canary in the coal mine????

    No it doesn't put you on my ignore list.

    I'll state that the comments about KMP being able to grow at the rates it did in the past are probably correct(i.e. the law of large numbers).

    The comments about KMI/KMP skimping on maintenance are off base and innaccurate.

    As far as KMI getting into short term deals, the SACROC and Yates fields, while over the hill as you called them, retain huge amounts of oil. In fact, these are just the opposite of short term deals. They require many many years of planning and preparation to get them to peak production. Anyone in the oil biz knows that the amount of oil that can be removed from regular lifting methods in quite low in comparison to the total oil in place. Now, that oil needs to be removed by some tertiary method which is more costly, but Kinder Morgan has a very unique play that is a goldmine. Look at the growth that it shows q after q. Will probably be some time before the field actually peaks.....

 
KMP
89.91-0.27(-0.30%)Oct 17 4:03 PMEDT

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