Kinder Morgan Commits $3 Billion to Acquire Bakkan Oil and Gas Gathering Assets Held By Hiland Partners and Serving Continental Resources and Other Large Producers in North Dakota and Montana

摘要

On January 21 Kinder Morgan, Inc. announced its agreement to acquire Hiland Partners from its founder, Harold Hamm, and certain Hamm family trusts, for a total purchase price of approximately $3 billion, including the assumption of debt (approx. $1 billion). Hiland’s assets, which are mostly fee based, consist of crude oil gathering and transportation pipelines and gas gathering and processing systems, primarily serving production from the Bakken Formation in North Dakota and Montana. According to KMI, the transaction creates a premier midstream platform in the Bakken with a significant amount of acreage dedicated under long-term gathering agreements. “These acreage dedications are with some of the Bakken’s largest and most successful producers, covering some of the most attractive and economically viable areas in the basin,” the company proclaimed.