Natural Gas Pipelines - Kinder Morgan

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KMIGTOpportunities• Pony Express Pipeline (PXP) conversion from gas to oil service• Power plants— New natural gas power plants and conversion of existing coalpower plants to natural gas• Future production development – Niobrara Shale• Additional LDC and industrial loadChallenges• Re-contracting PXP capacity long term (if not converted to oilservice)10
KMIGT <strong>Gas</strong> to Oil Conversion ProjectFacilities• Conversion of 432 miles existing pipeline currently in gasservice (previously in oil service)— Guernsey to existing KMIGT NGPL gas interconnect• New Build— <strong>Gas</strong> facilities to provide alternative gas transportation• Required for FERC abandonment approval— ~60 mile DJ/Niobrara Lateral— ~230 miles from existing pipeline to Cushing— $700 - 800MM of capex (newbuild + conversion)— In service target late 2014— Open season ended Nov. 2011, working with potential shippersto secure contractsFundamentals• Excess western gas exportcapacity (~4 Bcf/d) has narrowedthe gas basis differential• Robust Bakken production growthis projected and DJ/Niobraradevelopment is anticipated• Oil pipeline export capacity fromthe west is fully utilized andexpensive rail/trucking optionsbeing used• Uncertainty lies around the timingof the Keystone XL projectapproval• Conversion relies on upstreamexpansion of Bridger-Butte pipeline• FERC abandonment approvalneeded11
Page 1: Natural Gas PipelinesTom MartinPres
Page 4 and 5: Financial Overview($ in thousands)B
Page 6 and 7: Asset Summaries
Page 8 and 9: REXOpportunities• Firm backhauls
Page 12 and 13: TransColorado Gas TransmissionTrans
Page 16: Kinder Morgan Louisiana PipelineKML
Page 20 and 21: KMI (20% Ownership)Natural Gas Pipe
Page 22 and 23: Texas Intrastate PipelinesOpportuni
Page 24 and 25: Eagle Ford Joint VenturesOpportunit
Page 26 and 27: KHFSOpportunities• Expansions due
Page 28 and 29: KMULLCOpportunities• Increased pr
Page 30 and 31: Treating ServicesOpportunities• F

Natural Gas Pipelines - Kinder Morgan

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