ADoseOfData

Every Little Thing Counts

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Kinder Morgan kicked off the 4Q16 earnings cycle without any big surprises, reporting EBDA before certain items 0.2% lower than EDC’s projections. However, an interesting (albeit small) announcement was that EnLink and Kinder have teamed up to offer SCOOP/STACK gathering and processing in Blaine County, OK. The joint venture will utilize and expand the 25 MMcf/d Matli gathering and processing system which was acquired by Kinder in the Hiland acquisition. Continental Resources and Range Resources previously had large acreage dedications on Matli but it appears Range may have sold their acreage in 2016. Matli (shown in red) integrates well into EnLink’s Tall Oak system (shown in blue). The move is notable as this appears to be Kinder’s first move at expanding a gathering and processing presence in a tier one basin. (Tickers: KNI, ENLK, CLR, RRC)

About The Author Justin Carlson

I have over 10 years of experience in data analysis, research, and consulting across the energy sector. I currently serve as Vice President of Research and Managing Director at East Daley Capital, an energy assets research firm that is changing how investors look at midstream energy risk with an asset-driven information service that combines proprietary research with a trusted team of unbiased, experienced energy analysts. My insights and analysis bring greater transparency to the energy financial market by quantifying potential risks by asset and enabling investors to make more informed and accurate projections and investments. Prior to joining East Daley Capital, I was a senior manager at Platts, a division of McGraw Hill Financial, which acquired Bentek Energy, where I was a senior member of the leadership team.