Kinder Morgan Energy Partners to Expand Capacity on Sweeny Lateral Pipeline
HOUSTON -- May 2, 2013
Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced it has entered
into a long-term contract to support the expansion of its Sweeny Lateral
pipeline that the company is building from the Kinder Morgan Crude Condensate
(KMCC) pipeline to Phillip 66’s Sweeny Refinery in Brazoria County, Texas. The
expansion will increase the capacity on the 27-mile, 12-inch diameter lateral
pipeline from an initial 30,000barrels per day (bpd) to 100,000 bpd. Kinder
Morgan will add new pumps and an additional 120,000-barrel storage tank at its
Wharton Pump Station in Wharton County, Texas, and increase the truck offload
capabilities at its DeWitt Station in DeWitt, County, Texas, to facilitate the
increase in capacity.
“We are pleased to provide Phillips 66 with a flexible option to move more
crude and condensate out of the Eagle Ford shale to their refinery in Sweeny,”
said KMP Products Pipelines President Ron McClain. “This expansion further
demonstrates the strategic importance of KMCC and its role in transporting
Eagle Ford product to markets on the Texas Gulf Coast.” The project is
expected to be immediately accretive to cash available to KMP unitholders upon
completion at the end of 2013.
Kinder Morgan’s crude/condensate pipeline, which went into service in June
2012, transports crude/condensate from the Eagle Ford shale to the Houston
Ship Channel through 65miles of new-build construction and 113 miles of
converted natural gas pipeline.
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
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, Kinder Morgan
Management, LLC (NYSE: KMR) and EPB. For more information please visit
This news release includes forward-looking statements. Although Kinder Morgan
believes that its expectations 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 are enumerated in Kinder Morgan’s Forms 10-K
and 10-Q as filed with the Securities and Exchange Commission.
Kinder Morgan Energy Partners, L.P.
Emily Mir, 713-369-8060
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