Kinder Morgan closes Pembina transactions

The Pembina Pipeline Corp. has acquired the U.S. portion of the Cochin Pipeline for $1.546 billion. In addition, Pembina has acquired all of the outstanding common equity of Kinder Morgan Canada Ltd. (KML). Under the arrangement, Kinder Morgan Inc. (KMI) will receive .3068 shares of Pembina for each KML share it holds. This exchange ratio […]

DTE Midstream acquires gathering system, pipeline

DTE Midstream, a non-utility business of DTE Energy, has entered into an agreement to acquire a gathering system and gathering pipeline in the Haynesville Shale formation of Louisiana for a purchase price of $2.25 billion in cash, plus a $400 million milestone payment upon completion of the gathering pipeline in the second half of 2020. […]