Kinder Morgan, Inc.
() is an American energy company. It is also, through a subsidiary, the general partner
of and owner of many of the interests in Kinder Morgan Energy Partners
, a publicly traded pipeline
and terminal limited partnership
Kinder Morgan Energy partners, L.P. is a leading pipeline transportation and energy storage company in North America. Kinder Morgan owns or operates approximately 26,000 miles of pipelines transporting primarily natural gas
, crude oil, and petroleum products. Kinder Morgan also owns about 170 terminals that store and handle products such as gasoline
, and petroleum coke
. Kinder Morgan is also the leading provider of carbon dioxide, commonly called for enhanced oil recovery
projects in North America.
In addition to its role in the energy transportation and storage industry, Kinder Morgan operates in two major oil fields in Texas: the Yates Oil Field
and the SACROC Unit. Kinder Morgan produces approximately 55,000 barrels per day between the two areas, and claims to be the second-largest oil producer in Texas.
Chairman and CEO Richard Kinder
, selected by Morningstar as its 2005 CEO of the Year, receives a salary of $1.00 a year, no bonuses, no option grants and no restricted stock. Additionally Kinder Morgan claims that it does not spend money on corporate jets, first-class airfare, sports tickets or other expensive perks.
Kinder Morgan asserts that it committed to public... Read More