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Permian Basin Oil and Gas Magazine

PBOG is the Official Publication of the Permian Basin Petroleum Association and is published monthly by Zachry Publications, LP.

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Kinder Morgan acquires pipeline system STX Midstream from NextEra

November 10, 2023 by PBOG

Houston-based Kinder Morgan said Monday it agreed to acquire pipeline system STX Midstream, south Texas asset of NextEra Energy Partners, for $1.815 billion.  STX is comprised of seven pipelines (70 percent transmission, 30 percent midstream) totaling 462 miles that connect Eagle Ford to markets along the Gulf Coast and in Mexico (4.9 Bcfd of transport capacity).  Sital Mody, KMI president of natural gas pipelines, said, “STX nicely complements our existing assets and will enable us to capture incremental opportunities serving LNG, power generation, LDC customers and exports to Mexico.”  Closing is expected in 2024Q1.

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