![Kinder Morgan to Add Storage Capacity on Texas System](/sites/default/files/styles/hart_news_article_image_640/public/image/2023/06/kinder-morgan-storagevcapacity-texas-system.jpg?itok=3h4U_S75)
(Source: Shutterstock.com)
Kinder Morgan Inc. plans to expand the working gas storage capacity at its Markham storage facility in Matagorda County along the Texas Gulf Coast, the company said in a May 31 news release. Commercial in-service for the project is slated for January 2024
KMI reached an agreement with a Texas Brine Co. LLC subsidiary, Underground Services Markham LLC, to lease an additional cavern at Markham to provide more than 6 Bcf of incremental working gas storage capacity and 650 MMcf/d of incremental withdrawal capacity on KMI’s Texas intrastate pipeline system.
So far, anchor shippers have subscribed to approximately half of the available capacity under long-term agreements, KMI said.
“During Winter Storm Uri, KMI’s storage portfolio was critical to supplying human needs customers in Texas while also providing much needed supply to numerous electric generation facilities during the storm. We are pleased to increase our natural gas storage solutions to further support Texas customers, particularly during severe weather events,” said KMI Natural Gas Midstream President Tom Dender. “Storage capabilities on highly utilized assets are critical to support Texas’ ability to respond to an energy crisis and ensure energy reliability as renewables become a greater portion of the state’s energy mix. This expansion will provide much needed capacity that could supply gas-fired electric generation facilities within ERCOT and provide electric service to well in excess of one million homes in Texas.”
Prior to the expansion, Markham’s 21.8 Bcf of working gas storage capacity has a peak delivery of 1.1 Bcf/d of natural gas with multiple receipt and delivery points on KMI’s nearly 7,000-mile Texas intrastate system.
Interested shippers can obtain more information by contacting Larry Bell, KMI’s chief commercial officer of intrastate pipelines at 713-369-8776 or via email.
Recommended Reading
The Aggregators: Avant’s Winning Formula to Deliver Returns
2025-02-07 - Avant Natural Resources buys small, sells big and is loving every minute of it.
ConocoPhillips Sells $600MM in Noncore Permian Basin Assets
2025-02-06 - Following its $22.5 billion deal to buy Marathon Oil, ConocoPhillips is targeting $2 billion in asset sales— a goal a company executive said would largely be achieved this year.
Trans Mountain Says Projects Could Expand Pipeline Capacity by 300,000 bbl/d
2025-02-06 - Trans Mountain is looking at expansion projects in the short and long terms that could add between 200,000 bbl/d and 300,000 bbl/d of capacity to the company's system.
PotlatchDeltic Enters Lithium, Bromine Lease Agreement in Arkansas
2025-02-06 - PotlatchDeltic’s agreement with gives Tetra Brine Leaseco covers about 900 surface acres in Lafayette County, PotlatchDeltic says.
Mach Prices Common Units, Closes Flycatcher Deal
2025-02-06 - Mach Natural Resources priced a public offering of common units following the close of $29.8 million of assets near its current holdings in the Ardmore Basin on Jan. 31.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.