Kinder Morgan
 |
|
| Public | |
| Traded as | |
| Industry | Oil and gas |
| Founded | 1997 |
| Founder |
Richard Kinder William V. Morgan |
| Headquarters | Houston, Texas, U.S. |
|
Area served
|
U.S. and Canada |
|
Key people
|
Richard Kinder, Executive Chairman; Steve Kean, President and CEO; Kim Dang, CFO |
| Services |
Pipeline transport Oil storage |
|
Number of employees
|
~12,000 (2016) |
| Website | www |
Kinder Morgan is an American company headquartered in downtown Houston, Texas. It is the largest energy infrastructure company in North America specializing in owning and controlling oil and gas pipelines and terminals.
Kinder Morgan owns an interest in or operates approximately 84,000 miles of pipelines and owns about 180 terminals. Their pipelines transport natural gas, refined petroleum products, crude oil, carbon dioxide and more. They also store or handle a variety of products and materials at their terminals such as gasoline, jet fuel, ethanol, coal, petroleum coke and steel.
The company has approximately 69,000 miles of natural gas pipelines and moves about 38 percent of the natural gas consumed in the United States. Kinder Morgan is also the largest independent terminal operator and the largest independent transporter of petroleum products in North America. The company's CO2 division provides carbon dioxide (CO2) for enhanced oil recovery projects in North America.
The company's headquarters is located in Houston, Texas.
Steven J. Kean is President and Chief Executive Officer and a member of the Office of the Chairman of Kinder Morgan. He has been the President at Kinder Morgan, Inc. since March 31, 2013, and has been its Chief Executive Officer since June 1, 2015. Kean served as Chief Operating Officer of Kinder Morgan, Inc. since February 2011.
Kinder Morgan Energy Partners (KMP) was founded in 1997 when a group of investors acquired the general partner of a small, publicly traded pipeline limited partnership (Enron Liquids Pipeline, L.P.) later renamed Kinder Morgan Energy Partners, L.P.
In 1999, Kinder Morgan conducted a reverse merger with KN Energy, a utility and pipeline company. Natural Gas Pipeline Company of America (NGPL), which serves the Chicago market, was acquired through this deal. KN Energy became Kinder Morgan's second publicly traded company, Kinder Morgan, Inc. (KMI).
In 2001, Kinder Morgan's third publicly traded company, Kinder Morgan Management, LLC (KMR) was formed to facilitate institutional ownership of KMP equity.
On August 28, 2006, Kinder Morgan announced that it would be taken private in a management-led leveraged buyout totaling approximately $22 billion. Outside participants in the transaction include Fayez Sarofim, Goldman Sachs Capital Partners and Highstar Capital (then owned by American International Group). KMI began trading again on the NYSE on February 11, 2011, following the largest private-equity backed U.S. IPO offering in history.
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Wikipedia