Kinder Morgan CEO Discusses Growing Oil & Gas Production

Kinder Morgan CEO, Rich Kinder, discusses growth potential at his companies. The company is now looking at new pipelines and Kinder was one of the first to expand its crude by rail capability. Kinder Morgan now has five crude to rail facilities and one of the larger terminals on the Houston Ship Channel (Galena Park).

Kinder says "I've never sold a share" because of the growth opportunity. Kinder Morgan has over $12 billion in expansion projects and has an open season for an oil pipeline to California. Kinder will convert a natural gas pipeline to oil and move oil from the Permian Basin to California. It's a $2 billion project that could initially move 250,000 b/d and could be expanded. The project reads well for the Eagle Ford as it will alleviate supply pressure in the Gulf Coast markets as well.