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Kinder Morgan Expands North Dakota Presence with $640 Million Acquisition

Kinder Morgan, Inc. (KMI) announced a strategic move to bolster its presence in the North Dakota energy market. The company's subsidiary, Hiland Partners, has agreed to acquire a significant natural gas gathering and processing system from Outrigger Energy II LLC for a substantial $640 million.


This acquisition brings into the Hiland Partners fold the Bill Sanderson gas plant; a state-of-the-art facility capable of processing 270 million cubic feet of natural gas per day. The system also includes a vital 104-mile, high-pressure gathering pipeline with a capacity to transport 350 million cubic feet of gas daily. This robust infrastructure connects gas supplies from the Williston Basin to key markets.


The Bill Sanderson plant boasts impressive features, including ethane recovery and rejection capabilities. It also offers direct pipeline access to major transportation systems: the Northern Border Pipeline for residue gas and the ONEOK NGL pipeline for natural gas liquids.



Operational Highlights:


  • Consistent Performance: In 2024, the Bill Sanderson plant demonstrated consistent performance with stable intake and outlet rates of natural gas throughout the year.

  • High Utilization: The plant maintained a high average utilization rate of around 78%


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