Kinder Morgan To Drop $74M On Eagle Ford Pipeline Extension

Law360, New York (October 10, 2013, 6:23 PM EDT) -- Midstream energy company Kinder Morgan Energy Partners will invest $74 million to extend its crude oil and natural gas condensate pipeline deeper into the Eagle Ford Shale oil field in southern Texas, after reaching a deal with a major producer there, the company said.

Kinder Morgan didn't disclose the name of the company with which it struck the deal. But under the plan, Kinder Morgan will extend the pipeline to a facility in Gonzalez County and build 300,000 barrels of storage there, along with a pump...
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