One-Page Deal Sheet
Kinder Morgan Enters the Bakken; Acquires Hiland Partners
Kinder Morgan, Inc. Hiland Partners
Announced Date
January 22,2015
Close Date
February 13,2015
Transaction Type
Corporate
Location
Region
North America,Williston Basin
Country
United States
State
Montana
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Closing Announcement - February 13, 2015
Kinder Morgan, Inc. has closed its previously announced acquisition of Hiland Partners for a total purchase price of approximately $3 billion, including the assumption of approximately $1 billion of debt. Hiland’s assets, mostly fee based, consist of crude oil gathering and transportation pipelines and natural gas gathering and processing systems, primarily serving production from the Bakken Formation in North Dakota and Montana.
Kinder Morgan Chairman and CEO Richard D. Kinder said: “This transaction establishes a premier midstream platform for us in…