Nov. 20 (Bloomberg) -- Kinder Morgan Energy Partners LP, the second-largest pipeline partnership by market value, may buy some pipeline and terminal assets from ConocoPhillips or other major oil companies.

“I think there will be opportunities to invest in those,” Chief Financial Officer Kimberly Dang said during a presentation at the RBC Capital Markets MLP Conference in Dallas. “There is nothing definitive.”

In October, ConocoPhillips said it would sell about $10 billion of assets in the next two years. Bill Stephens, a ConocoPhillips spokesman, declined in an e-mail to comment on possible purchases of the company’s assets by Kinder Morgan.

ConocoPhillips may look to sell interests in infrastructure assets such as a 25 percent stake in the Rockies Express pipeline, Jeff Sheets, a senior vice president of planning and strategy, said this week at a Bank of America conference. The 1,679-mile pipeline is a joint venture of Kinder Morgan, Sempra Energy and ConocoPhillips.

To contact the reporter on this story: Jordan Burke in New York at jburke29@bloomberg.net.

Last Updated: November 20, 2009 16:14 EST