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Kinder Morgan Energy Partners, L.P. Message Board

  • seebelow561 seebelow561 Jul 19, 2013 11:58 AM Flag

    Fracking is key to KMP/ KMI, but faces challenges

    Wrangling between natural gas drilling and political fright-mongers is looming with the Oct. 17 announcement that pipeline giant Kinder Morgan will become the largest gas pipeline operator in the U.S. This means accelerated gas drilling using hydraulic fracturing, a technology developed by the company Halliburton.

    The $21 billion deal for Kinder Morgan to buy El Paso Corp. will create a new network of 67,000 miles of lines to serve the rapidly-growing technological drilling advance of hydraulic fracturing, informally called “fracking.” A potential 200-year supply of needed natural gas is at stake.

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KMP
81.02-1.15(-1.40%)Jul 31 4:04 PMEDT

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