Kinder Morgan, Inc. is one of the largest energy infrastructure companies in North America. The company specializes in owning and controlling oil and gas pipelines and terminals.
40-441: Masterson may refer to: Masterson, Texas , United States Masterson, the original name of Clinton, Vernon County, Wisconsin , United States Masterson (surname) , including a list of people and fictional characters with the name See also [ edit ] All pages with titles containing Masterson Mastersonville, Pennsylvania , United States Topics referred to by
80-599: A Plane table party into the field and prepare a detailed contour map of the area." Nobles organized the Amarillo Oil Company on 24 April 1917, from ten businessmen investing one thousand dollars each, and hired Gould to survey an area that included Lee Bivins' ranch south of the Canadian River, and R.B. Masterson's ranch north of the river. The resultant map showed a large dome fifteen miles in diameter with four hundred feet of relief, which Gould named
120-602: A day. Gould later discovered the Cliffside Dome , near the station Cliffside northwest of Amarillo, a large deposit of helium gas, the 666 dome, the north slope of which is where the Borger Oil Field was located, and named the buried granite ridge in the Panhandle the "Amarillo Mountains". Gould's philosophy, "we always told our clients, the business of prospecting for oil or gas was first, last, and all
160-615: A deal worth $ 71 billion. The transaction closed on November 26, 2014. Prior to November 26, 2014, the Kinder Morgan group publicly traded companies included Kinder Morgan, Inc. (NYSE: KMI), Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Kinder Morgan Management, LLC (NYSE: KMR) and El Paso Pipeline Partners, L.P. (NYSE: EPB); a merger transaction combined all under Kinder Morgan, Inc. (NYSE: KMI), on November 26, 2014. On December 23, 2013, Kinder Morgan announced that, through its Kinder Morgan Energy partner subsidiary, it would acquire
200-540: 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 AIG ). KMI began trading again on the NYSE on February 11, 2011, following the largest private-equity backed IPO offering in US history. In October 2011, Kinder Morgan Inc. agreed to buy El Paso Corp. for $ 21.1 billion and gave
240-568: 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
280-453: A small, publicly traded pipeline limited partnership (Enron Liquids Pipeline, L.P.) later renamed Kinder Morgan Energy Partners, L.P. Its cofounder Rich Kinder had been the president of Enron . After Kinder was denied an expected promotion to replace Kenneth Lay as chief executive officer, he departed the company, purchasing its interest in ELP for $ 40 million. In 1999, Kinder Morgan conducted
320-540: A variety of products and materials at their terminals such as gasoline, jet fuel, ethanol, coal, petroleum coke, and steel. The company has approximately 72,000 miles (116,000 km) of natural gas pipelines and is the largest natural gas pipeline operator in the United States, moving about 40 percent of the natural gas consumed in the country. The company previously had built a major presence in Canada with
360-478: Is different from Wikidata All article disambiguation pages All disambiguation pages Masterson, Texas Masterson is an unincorporated community in southern Moore County , Texas , United States of the Texas Panhandle . It lies along the concurrent U.S. Routes 87 and 287 , south of the city of Dumas , the county seat of Moore County. According to Olien and Olien, "Out in
400-755: The Trans Mountain oil pipeline which links Alberta with Vancouver , British Columbia , as well as the Cochin pipeline between Western Canada and the American Midwest . In 2013, Kinder Morgan filed its application to the Canadian National Energy Board (NEB) for building a second pipeline roughly parallel to the existing Trans Mountain, for transporting diluted bitumen between Edmonton , Alberta , and Burnaby , British Columbia . The new pipeline would nearly triple
440-468: The Trans Mountain pipeline , but that infrastructure is now publicly owned and operated. The company's CO 2 division traditionally provides carbon dioxide (CO 2 ) for enhanced oil recovery projects in North America, but also increasingly for carbon sequestration efforts. Kinder Morgan Energy Partners (KMP) was founded in 1997 when a group of investors acquired the general partner of
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#1732787705201480-417: The U.S. Department of Transportation cited Kinder Morgan for violations including the company's failure to have and follow written startup and shutdown procedures, and failing to have or use other measures to detect abnormal operating conditions, and proposed a fine of $ 425,000. The 2013 Wall Street Journal article "Is Kinder Morgan Scrimping on its Pipelines?" noted that one investment analyst claimed
520-693: The United States Geological Survey , Geology and Water Resources of the Eastern Portion of the Panhandle of Texas , and a similar trip in 1905 resulted in Water Supply Paper 191, Geology and Water Resources of the Western Portion of the Panhandle of Texas . It was during this second trip Gould "explored and prepared a geological map of Palo Duro Canyon ...giving names to the formations" and "studied
560-577: The anhydrite and dense-dolomite nature of the Wichita forming the reservoir seal. The source for the oil, gas and helium accumulations are the sedimentary rocks of Pennsylvanian age in the Palo Duro and Anadarko Basins . The helium would have been derived from uraniferous rocks and radiogenic in origin. The Panhandle Field has a pressure which is about 400 psi lower than the surrounding basins, which allows gases to migrate into it. Although low,
600-558: The 412-mile (663 km) NED pipeline, citing economic difficulties and lack of distribution commitments for the gas. Likewise, Kinder Morgan's proposed Palmetto Pipeline, designed to go from the Gulf Coast to the Southeast markets, was nixed. Its path would have taken it through 201 miles (323 km) of eastern and coastal Georgia , and drew opposition from local residents and environmental groups. The company suspended work on
640-789: The Anadarko Basin to the north, the Dalhart Basin to the west, and the Palo Duro Basin to the south. This tectonic uplift occurred in the Late Mississippian to Early Pennsylvanian time and was sufficient to expose and erode the Precambrian granitic and rhyolitic basement complex forming a granitic wash, which was subsequently submerged and buried by marine sediments in the Permian (specifically,
680-500: The John Ray Dome after a nearby butte. The company bought oil and gas leases on 64,000 acres around this "typical oil-and-gas structure" and Gould received one-sixteenth of the acreage, plus one thousand dollars, and paid expenses for his services. The nearest oil or gas was 225 miles away at the time which prompted the following speech by Gould before C.M. Hapgood drilled the company's first well, "No one knows whether or not
720-610: The Lord has put any gas or oil in the Panhandle of Texas, but if there should be any oil or gas in this part of the world, this would appear to be the best place to find it. And, because this seems to be a very large dome, it is my judgement that one is more likely to find gas, rather than oil, in the first well drilled on the apex, or high point, of the dome." The well, Masterson Number 1, encountered several gas-bearing sands over its 2,200 feet depth in Dec. 1918, and flowed eleven million cubic feet
760-662: The Otis State Forest and using water from Spectacle Pond. The company invoked the U.S. Natural Gas Act to have the needed land condemned so they could seize it by eminent domain. However, the Commonwealth of Massachusetts challenged Kinder Morgan in court, arguing that the state constitution 's Article 97, which protects designated conservation land, forbids construction of a pipeline through protected lands. In late summer 2019, Kinder Morgan, EagleClaw Midstream and Altus Midstream Processing launched construction on
800-546: The Panhandle Field. Masterson was named for Robert Masterson , while the plant was named Bivins Compressor station , after Lee Bivins , another Panhandle rancher. The community eventually included 32 company houses for families and a hotel for single men. The Bivins Elementary School was built in 1937 and educated children through the eighth grade, after which they attended school in Dumas . Starting in 1943, helium
840-826: The Permian Highway Pipeline, a 430-mile pipeline that will carry up to 2.1 billion cubic feet of natural gas from the Waha Hub in Pecos County , Texas , to the Gulf Coast. The pipeline would create 2,500 construction jobs and 18 permanent jobs, raise $ 42 million in additional yearly tax revenues for state and local authorities, and was planned to enter operation in 2021. In 2009, the Pipeline and Hazardous Materials Safety Administration (PHMSA) cited Kinder Morgan for violating safety standards regarding
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#1732787705201880-422: The U.S. from 2003 to 2016, Kinder Morgan and its subsidiaries' pipelines (of all kinds) were responsible for more than 400 incidents in 24 states, incurring more than 110 federal enforcement actions. Kinder Morgan's natural gas transmission pipeline accidents caused $ 224 million in property damage. In July 2007, a Kinder Morgan pipeline got ripped open by an excavator, spilling more than 250,000 liters of oil into
920-561: The US oil tanker operator American Petroleum Tankers and its affiliated company SCT (State Class Tankers) from the US private equity investment firms Blackstone Group and Cerberus Capital Management . APT operates a fleet of five US-flagged MR 50,000 tons—330,000 barrels—oil tankers and has four other similar tankers on order from the General Dynamics shipbuilding company NASSCO in California . This acquisition appears to be
960-678: The Wolfcampian carbonates). The granitic wash and these marine sediments form the pay zones but the "gas, oil and water cut across formational boundaries". The Wolfcampian marine sediments include an arkosic lime, an arkosic dolomite , the Moore County Limestone , the White Dolomite, and the Brown Dolomite. The Leonardian Panhandle Lime, or Wichita, and Red Cave overlay these Wolfcampian sediments, with
1000-561: The anticlines along the Canadian River , indications of which he saw in 1903. In 1908, Gould became director of the Oklahoma Geological Survey and in 1916 was asked by "M.C. Nobles, a wholesale grocer of Amarillo " if he knew of "any oil and gas prospects..in the Panhandle" to which Gould replied "there appeared to be several big anticlines or domes in that region" but it "would probably be necessary to send
1040-493: The combined company 67,000 miles (108,000 km) of gas lines, eclipsing Enterprise Products Partners LP as the biggest US pipeline operator. The transaction was paid for with shares of Kinder Morgan, Kinder Morgan warrants, and a cash portion of $ 11.5 billion through Barclays borrowing. On August 10, 2014, Kinder announced it was moving to full ownership of its partially owned subsidiaries Kinder Morgan Energy Partners , Kinder Morgan Management, and El Paso Pipeline Partners in
1080-572: The company was deferring maintenance spending in order to return more cash to its investors. PHMSA's incident reports for Kinder Morgan's onshore gas transmission pipelines show that faulty infrastructure causes 45% of the significant leaks. Failure of the pipe, cracked welds, and faulty pipeline equipment together account for 28% of pipeline leaks, and corrosion of the pipe causes 17%. In Texas from 2003 to 2016, Kinder Morgan experienced at least 48 "significant incidents" resulting in fatalities or hospitalization, fires, explosions, or spills. Throughout
1120-463: The country, oil companies built camps for workers and their families in and near oil fields. As elsewhere, the camps for workers were necessary because decent housing and good roads were scant, but camps were also directed toward employee retention by offering amenities of suburban life in the middle of nowhere at rock-bottom prices." Masterson was founded in 1927 as a support community for Canadian River Gas plant and gas pipeline , together comprising
1160-431: The distance between a natural gas pipeline and a "high consequence area" such as a school or hospital; the pipeline was too close for safe operation in case of a leak. In 2011, PHMSA cited Kinder Morgan for failing to maintain update maps showing pipeline locations, test pipeline safety devices, maintain firefighting equipment, inspect its pipelines as required, and adequately monitor pipes’ corrosion levels. Also in 2011,
1200-627: The extra gas Kinder Morgan sold went to electric utility companies whose usual non-Kinder suppliers had shut down or blacked out as the catastrophe intensified. Possible long-term ramifications of the storm may be that utilities pay more to guarantee uninterrupted gas deliveries from Kinder Morgan instead. El Paso Corporation was purchased in 2012 with subsidiaries: Kinder Morgan owns or operates approximately 83,000 miles (134,000 km) of pipelines transporting primarily natural gas , crude oil , and petroleum products. In Canada, Kinder Morgan operated (before being bought out by Canada 's government)
1240-716: The first case whereby a pipeline operator will also be able to offer marine transportation. This acquisition would facilitate the export of US natural resources to overseas markets, and Kinder Morgan had lined up several LNG export customers by July 2014. During the 2021 Texas power crisis , Kinder Morgan posted a nearly $ 1 billion one-time net profit after the company voluntarily cut back on its own power (saving $ 116 million) and sold natural gas to electric utility companies at high prevailing prices (gaining $ 880 million). An analyst at Mizuho Securities said Kinder Morgan "was not really on anyone’s list of potential winners from Winter Storm Uri . Shame on us [for not seeing it]." Most of
Masterson - Misplaced Pages Continue
1280-732: The geology department at the University of Oklahoma in 1900, Charles N. Gould worked summers doing field work for Frederick Haynes Newell , first director of the United States Reclamation Service (later known as the United States Bureau of Reclamation ), investigating "the underground water resources of a portion of the southern part of the Great Plains." His first summer trip through the Panhandle in 1903 resulted in Water Supply Paper 154 of
1320-508: The pressure is at normal hydrostatic pressure relative to the water table . Charles N. Gould mapped the John Ray Dome, which was drilled by the Amarillo Oil Company in 1918 resulting in the Panhandle Field discovery. Drilled to a depth of 2,395 feet, the well, No. 1 Masterson C, produced 5 million cubic feet of gas per day at a pressure of 420 psi. Oil in the Panhandle Field was discovered in 1921 with Gulf Producing Company's No. 2 Burnett well, producing 200 barrels per day. After founding
1360-518: The project after the Georgia General Assembly passed a temporary moratorium on the use of eminent domain for pipeline construction, and commissioned a study to review the project. The company filed an appeal. Kinder Morgan proposed a 13 miles (21 km) long 36-inch (914 mm) diameter high-pressure natural gas storage loop which would include a 4 miles (6.4 km) pipeline spur through Sandisfield, Massachusetts , crossing
1400-454: The same term [REDACTED] This disambiguation page lists articles associated with the title Masterson . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Masterson&oldid=1243409349 " Categories : Disambiguation pages Place name disambiguation pages Hidden categories: Short description
1440-689: The spring of 2018. The Liberal Party of Canada controlled Canadian government then purchased TransMountain from Kinder Morgan for C$ 4.5 billion to make it a government-run public works project in an effort to save the pipeline from environmental and political opposition. This high-pressure 30-inch (762 mm) gas transmission pipeline, proposed in 2014, was slated to pass from Wright , New York to Dracut , Massachusetts , to help alleviate New England ’s high natural gas and electricity costs caused, in their estimation, by severely limited natural gas transportation capacity currently serving that region. But in 2016, Kinder Morgan suspended its effort to build
1480-559: The time a gamble. No one knows in advance of drilling what will be found at any particular place. There is always risk in drilling for oil and all the geologist can do is to minimize that risk." Kinder Morgan Kinder Morgan owns an interest in or operates approximately 83,000 miles (134,000 km) of pipelines and 143 terminals. The company's pipelines transport natural gas, liquefied natural gas , ethanol , biodiesel , hydrogen , refined petroleum products, crude oil , carbon dioxide , and more. Kinder Morgan also stores or handles
1520-426: The transportation capacity from 300,000 to 850,000 barrels per day, for an estimated investment of $ 6.8 billion. This expansion would enable the export of larger volumes of Alberta's bituminous sands oil to the U.S. and to Asian countries. The expansion project had support from the energy industry but opposition from First Nations among environmentalists and others. Protests started in 2014 and were continuing in
1560-610: Was bought by Kinder Morgan in 2011. Starting in 1963, the housing at both the Bivins and the Exell camps was phased out. The Bivins school was closed in 1978. The station was bought by Pioneer Natural Resources in 2002. The Panhandle Field is a structural trap , characterized by the Amarillo- Wichita Uplift or sometimes referred to as the buried "Amarillo mountains", which is bounded by three sedimentary basins :
1600-729: Was extracted from the gas at the Exell Helium Plant, which is located nearby and managed by the Bureau of Land Management . The government built 75 houses for employee families. The Masterson post office was established in 1950 and was located in the Exell Store, built in 1948. The compressor station was sold to Colorado Interstate Gas (CIG) Company in 1951. CIG was acquired by the Coastal Corporation in 1973, which then merged with El Paso Corp. in 1999, which
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