Kinder Morgan Completes $640MM G&P Acquisition from Outrigger Energy II
Transaction Type
Sellers
Buyers
Basin
Williston Basin
Field
Bakken
Announce Date
Post Date
Close Date
Estimated Price
640BB
Description
Kinder Morgan (KMI) closed on a $640 million deal for a Bakken natural gas gathering and processing network, the company announced on Feb. 18.
KMI subsidiary Hiland Partners Holdings acquired the North Dakota system from Outrigger Energy II. The deal includes a 270 MMcf/d processing facility and a 104-mile transport line with a 350 MMcf/d capacity.