KMP Completes Acquisition of Copano Energy

  KMP Completes Acquisition of Copano Energy

Business Wire

HOUSTON -- May 1, 2013

Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today closed its previously
announced acquisition of Houston-based Copano Energy, L.L.C. (NASDAQ: CPNO).
KMP has acquired all of Copano’s outstanding units for a total purchase price
of approximately $5 billion, including the assumption of debt. The
transaction, which was approved by the Copano unitholders on April 30 (with
more than 99 percent of the units that voted voting in favor of the
transaction) and previously by the boards of directors of both companies, is a
100 percent unit-for-unit transaction with an exchange ratio of .4563 KMP
units per Copano unit.

“We are delighted to complete this transaction, which will enable us to
significantly expand our midstream services footprint and offer a wider array
of services to our customers,” said KMP Chairman and CEO RichardD. Kinder.
“We will now pursue incremental development in the Eagle Ford Shale play in
South Texas, and gain entry into the Barnett Shale Combo in North Texas and
the Mississippi Lime and Woodford shales in Oklahoma. The transaction is
expected to be modestly accretive to KMP in 2013, given the partial year, and
about $0.10 per unit accretive for at least the next five years beginning in

With operations primarily in Texas, Oklahoma and Wyoming, Copano provides
comprehensive services to natural gas producers, including natural gas
gathering, processing, treating and natural gas liquids fractionation. It owns
an interest in or operates almost 7,000miles of pipelines with 2.7 billion
cubic feet per day (Bcf/d) of natural gas throughput capacity, and nine
processing plants with more than 1 Bcf/d of processing capacity and
315million cubic feet per day of treating capacity.

Kinder Morgan Energy Partners, L.P. (NYSE: KMP) is a leading pipeline
transportation and energy storage company and one of the largest publicly
traded pipeline limited partnerships in America. It owns an interest in or
operates approximately 51,000 miles of pipelines and 180 terminals. The
general partner of KMP is owned by Kinder Morgan, Inc. (NYSE: KMI). Kinder
Morgan is the largest midstream and the third largest energy company in North
America with a combined enterprise value of approximately $120 billion. It
owns an interest in or operates approximately 80,000 miles of pipelines and
180 terminals. Its pipelines transport natural gas, gasoline, crude oil, CO[2]
and other products, and its terminals store petroleum products and chemicals
and handle such products as ethanol, coal, petroleum coke and steel. KMI owns
the general partner interests of KMP and El Paso Pipeline Partners, L.P.
(NYSE: EPB), along with limited partner interests in KMP and EPB and shares in
Kinder Morgan Management, LLC (NYSE: KMR). For more information please visit

This news release includes forward-looking statements. These forward-looking
statements are subject to risks and uncertainties and are based on the beliefs
and assumptions of management, based on information currently available to
them. Although Kinder Morgan believes that these forward-looking statements
are based on reasonable assumptions, it can give no assurance that such
assumptions will materialize. Important factors that could cause actual
results to differ materially from those in the forward-looking statements
herein include those enumerated in Kinder Morgan’s reports filed with the
Securities and Exchange Commission. Forward-looking statements speak only as
of the date they were made, and except to the extent required by law, Kinder
Morgan undertakes no obligation to update or review any forward-looking
statement because of new information, future events or other factors. Because
of these uncertainties, readers should not place undue reliance on these
forward-looking statements.


Kinder Morgan Energy Partners, L.P.
Richard Wheatley, 713-420-6828
Media Relations
Investor Relations, 713-369-9490
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