Tag: Richard Kinder

Cash-starved oil producers trade treasured pipelines for money

Bakken shale billionaire Harold Hamm and Canadian gas giant Encana Corp. are among the latest to peddle some of their most valuable assets and steadiest earners.  More »

Cheniere CEO Charif Souki to take $1 salary

Souki’s $142 million in compensation for his role in 2013 – mostly on paper, in stock grants – drew raised eyebrows from investors this year.  More »

Kinder Morgan COO says he’ll take the reins

Kinder Morgan’s second-in-command Steve Kean said he will eventually take over as CEO of the nation’s largest pipeline company by market value after Richard Kinder steps back.  More »

Kinder Morgan may include condensate exports in revived West Coast line

The line, dubbed the Freedom Pipeline Oil Project, was originally planned to ship as many as 400,000 barrels of crude per day to refineries on the West Coast.  More »

As deadline on proxy vote for major deal nears, Kinder Morgan seeks to sway investors

While Richard Kinder himself is strongly in favor of the deal, a few smaller investors have raised concerns that the move away from the tax-advantaged master limited partnership structure will cause problems.  More »

Oil fortunes fall, rise amid dropping markets

The personal fortunes of the oil industry’s wealthiest weathered the massive fluctuations in global markets Wednesday better than most  More »

Kinder Morgan facing investor lawsuit over consolidation plan

Kinder, a Houston billionaire, is consolidating his pipeline empire as the U.S. shale drilling boom opens up $1.5 trillion in potential purchases and expansion projects.  More »

Kinder, Duncan family move up on Forbes list of richest energy tycoons

Thanks to Texas’ energy boom, several Houston residents rose on Forbes’ annual list of the richest people in the United States.  More »

Houston energy billionaires gain ground in Forbes’ richest Americans list

Most of Houston’s richest oil and pipeline tycoons added to their fortunes in 2013.  More »

Kinder: Time to move on from MLP that built empire

Kinder Morgan shares surged Monday as the firm’s co-founder, Richard Kinder, explained on a conference call his reasoning behind the deal.  More »

Kinder Morgan to unite a house divided in $44 billion deal

Kinder Morgan Inc. will acquire three publicly traded subsidiaries in a $44 billion deal combining the components of the giant Houston-based pipeline empire.  More »

Kinder Morgan stock rebounds after analyst criticizes maintenance spending

Richard Kinder, the company’s chairman and chief executive, swung hard in defense of the pipeline operator’s spending policies during an hour-long investor call this week, laying out arguments against a 26-year-old analysts’ claims and saying investors should trust in his 33 years of experience in the pipeline business and his management team’s 100 years.  More »

Kinder Morgan reports higher second-quarter earnings

Profit soared for pipeline giant Kinder Morgan Energy Partners in the second quarter of the year, with recent acquisitions helping it multiply its net income more than seven times from the same period a year ago.  More »

Kinder makes shale grab with $4 billion deal

Kinder Morgan Energy Partners has advanced its position in the North American shale race adding another 6,900 miles of pipelines and nine processing plants to its empire.  More »

Shell, El Paso Pipeline Partners plan LNG export facility

Shell and El Paso Pipeline Partners plan to build a plant for exporting natural gas at the existing Elba Island LNG import terminal near Savannah, Ga. It’s the latest venture aimed at taking advantage of high Asian and European prices for the fossil fuel.  More »
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