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Kinder Morgan Inc

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  • HOUSTON, Jan 21- Leading U.S. pipeline Kinder Morgan Inc said on Wednesday it will enter North Dakota's Bakken shale with a $3 billion acquisition of Hiland Partners, a pipeline and logistics company founded by Continental Resources Chief Executive Officer Harold Hamm. "The Bakken is the one producing basin in which Kinder Morgan doesn't have a large presence,"...

  • Kinder Morgan names Kean CEO to succeed Richard Kinder Wednesday, 21 Jan 2015 | 5:31 PM ET

    HOUSTON— Kinder Morgan Inc. said Wednesday that its founder Richard Kinder will step down as CEO in June and serve as chairman of the company. Kinder Morgan announced separately that it is acquiring oil and gas processing company Hiland Partners in a deal worth $3 billion, including roughly $1 billion in debt. Kinder Morgan says the purchase will give it access...

  • Jan 21- Kinder Morgan Inc, the top U.S. pipeline company, on Wednesday said co-founder Rich Kinder will step down as chief executive this summer in a long-expected move. Last year, Kinder presided over an unusual $44 billion deal that folded the company's master limited partnerships under one publicly traded corporation, Kinder Morgan Inc. It now has a market...

  • Kinder Morgan acquires Hiland Partners Wednesday, 21 Jan 2015 | 5:11 PM ET

    HOUSTON— Kinder Morgan says it is acquiring oil and gas processing company Hiland Partners in a deal worth $3 billion, including roughly $1 billion in debt. Kinder Morgan says the deal will give it access to some of the Bakken's most attractive and economically viable areas. Kinder Morgan says the acquisition will add modestly to its cash available to pay...

  • HOUSTON, Jan 21- Leading pipeline company Kinder Morgan Inc will buy Hiland Partners, a pipeline and logistics company founded by Continental Resources Inc Chief Executive Officer Harold Hamm, for $3 billion, the company said on Wednesday. Hiland Partners builds and operates oil gathering and transportation pipelines and natural gas gathering and...

  • Kinder Morgan to buy Hiland Partners for $3 billion Wednesday, 21 Jan 2015 | 4:31 PM ET

    HOUSTON, Jan 21- Kinder Morgan Inc will buy Hiland Partners, a pipeline and logistics company founded by Continental Resources Inc Chief Executive Officer Harold Hamm, for $3 billion, the company said on Wednesday. Hiland Partners builds and operates oil gathering and transportation pipelines and natural gas gathering and processing systems primarily in...

  • NEW YORK, Jan 12- With nearly a quarter of U.S. energy shares' value wiped out by oil's six-month slide, investors are wondering if the sector has taken enough punishment and whether it is time to pile back in ahead of earnings reports later this month. "Things have changed a lot quicker than I thought they would," says Greg Doramus, sales manager at Orion Drilling in...

  • NEW YORK, Jan 12- With nearly a quarter of U.S. energy shares' value wiped out by oil's six-month slide, investors are wondering if the sector has taken enough punishment and whether it is time to pile back in ahead of earnings reports later this month. "Things have changed a lot quicker than I thought they would," says Greg Doramus, sales manager at Orion Drilling in...

  • VANCOUVER, Jan 6- British Columbia has banned the transport of oil on pipelines built specifically for proposed liquefied natural gas terminals, in an effort to quell fears that those lines could eventually be converted to carry oil sands crude to coastal markets. As part of its Energy East project, TransCanada Corp plans to convert hundreds of miles of...

  • US STOCKS-Wall St opens 2015 flat as data weighs Friday, 2 Jan 2015 | 4:26 PM ET

    *Wall Street comes off strong quarter, year. *General Motors announces new recalls, shares slip. "The data we got out today basically dampened early enthusiasm," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York.

  • Tax inversion anyone? A year in M&A Monday, 29 Dec 2014 | 1:20 AM ET

    Mergers and acquisitions broke a seven-year losing streak in 2014, with $3.48 trillion worth of deals. CNBC looks at some of the year's highlights.

  • Canada says Pacific pipeline route now up to energy firms Thursday, 11 Dec 2014 | 12:30 PM ET

    Industry Minister James Moore said it was now up to Enbridge Inc and Kinder Morgan Inc to ensure the success of the projects from the Alberta oil sands to the Pacific province of British Columbia. Aboriginal protesters and environmental activists are trying to block Kinder Morgan's C $5.4 billion plans to nearly triple the capacity of its Trans Mountain...

  • HOUSTON, Dec 4- Kinder Morgan Inc might export condensate as part of a resurrected plan to move Texas crude to Southern California via a converted natural gas pipeline, energy intelligence firm Genscape Inc reported in a blog post on Thursday. It would be the first major crude pipeline from Texas into California, giving the Golden State access to cheaper inland...

  • VANCOUVER, Nov 20- Canadian police said on Thursday they arrested environmental protesters who have been blocking work at two Kinder Morgan Energy Partners LP sites in the Vancouver suburb of Burnaby, three days after a court injunction for their removal came into effect. Kinder Morgan, which hopes to triple the size of its 300,000- barrel-per-day Trans...

  • Nov 14- Oilfield services provider Halliburton Co is seeking to replace the board of smaller peer Baker Hughes Inc, as merger talks between the companies stalled. Baker Hughes said late on Friday that it had rejected Halliburton's initial proposal, which was made more than a month ago, in a deal that would create $2 billion in synergies after divestitures.

  • Nov 14- Oilfield services provider Halliburton Co is mulling a hostile bid for smaller peer Baker Hughes Inc after the latter pulled out of talks on Friday, two people familiar with the discussions said. Halliburton first approached Baker Hughes more than a month ago and considered making an unsolicited bid because Baker Hughes was reluctant to engage, a third...

  • CALGARY, Alberta, Nov 14- Kinder Morgan Energy Partners LP said on Friday it would resume preliminary work on its Trans Mountain pipeline after a British Columbia court granted an injunction against protesters blocking work crews in the Vancouver suburb of Burnaby. Kinder Morgan hopes to triple the size of its 300,000- barrel-per-day Trans Mountain...

  • HOUSTON/ NEW YORK Nov 13- Oilfield services provider Baker Hughes Inc said on Thursday it is in preliminary merger talks with its larger rival Halliburton Co, though any potential deal would likely face antitrust concerns. Two people familiar with the matter, who spoke on condition of anonymity, said Halliburton was looking to buy Baker Hughes, in what would be...

  • Nov 13- Oilfield services provider Halliburton Co is in talks to buy rival Baker Hughes Inc, a person familiar with the matter said on Thursday, but any potential deal could run into antitrust concerns. Officials at Baker Hughes and Halliburton, both based in Houston, declined to comment on the talks, which were first reported by Dow Jones and in The Wall Street...

  • NEW YORK, Nov 7- As the prospect of a global glut of oil sends shares of once-booming U.S. energy companies lower, some fund managers see value in pipeline and refinery companies, whose fortunes are tied more to the volume of oil than to its price. "They're like toll roads," said ClearBridge Investments' Chris Eades, who oversees about $8 billion in energy strategies at...