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Kinder Morgan Applauds Travis County District Court Ruling

Source: www.gulfoilandgas.com 6/25/2019, Location: North America

Kinder Morgan, Inc. issued the following statement after the Travis County District Court dismissed all claims made against the Permian Highway Pipeline (PHP) Project.

“Kinder Morgan is very pleased with the ruling made by the Travis County District Court,” said Tom Martin, president of Natural Gas Pipelines for KMI. “The court’s finding validates the process established in Texas for the development of natural gas utility projects, as well as the steps we have taken to comply with that process. We will continue to engage all stakeholders as we work to complete PHP.”

The eminent domain process ensures that no single landowner can block critical infrastructure necessary to moving the energy needed to heat and cool homes, schools, businesses and public buildings in Texas -- while providing substantial local and state revenues.

The PHP project is an approximately $2 billion project that will help provide the infrastructure needed to allow further development of the Permian Basin in West Texas by providing an outlet for increased Permian natural gas production to growing market areas along the Texas Gulf Coast and Hill Country area. Throughout its development, the route has been carefully evaluated to minimize potential impacts to the environment and landowners, while also being cost-effective and constructible. Upon completion, PHP will transport up to 2.1 billion cubic feet per day (Bcf/d) of dry natural gas, and only dry natural gas, through approximately 430 miles of 42-inch pipeline from the Waha, Texas area to the Katy, Texas area, Texas Gulf Coast markets, and Hill Country area.

This project is expected to provide almost $1 billion in additional revenue each year to the state of Texas and its counties to support local schools, first responders and other vital needs. Additionally, individual leaseholders are projected to receive more than $2 billion per year in new oil and natural gas royalties.

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Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


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