Kinder Morgan Energy Partners LP will purchase natural gas pipeline operator Copano Energy LLC for $3.22 billion to tap into growing demand for infrastructure to transport vast supplies from the shale fields of Texas and Oklahoma.Private equity firm TPG Capital, Copano's top shareholder with a stake of more than 14 percent, will get a 41 percent premium to its $300 million investment made in 2010, if the deal goes through.The deal is the latest in a flurry of multi-billion-dollar takeovers in the U.S. pipeline industry over the past two years as companies rush to cash in on a shortage of pipelines to move gas and gas liquids such as ethane and propane.The oversupply of gas and gas liquids, largely due to the advent of new drilling methods such as hydraulic fracturing, has also hurt prices.
Copano Energy, L.L.C. (Copano) is an energy company engaged in the business of providing midstream services to natural gas producers, including gathering, transportation and processing of natural gas, fractionation and transportation of natural gas liquids (NGLs) and other related services. Shares of CPNO remained unchanged at $33.13. In the past year, the shares have traded as low as $24.24 and as high as $38.03. On average, 313916 shares of CPNO exchange hands on a given day and today's volume is recorded at 0.
Kinder Morgan, Inc. (KMI) owns and manages a diversified portfolio of energy transportation and storage assets. Shares of KMI remained unchanged at $37.30. In the past year, the shares have traded as low as $30.51 and as high as $40.25. On average, 5169520 shares of KMI exchange hands on a given day and today's volume is recorded at 0.
Kinder Morgan Energy Partners, L.P. (KMP) is a pipeline transportation and energy storage company in North America. Shares of KMP remained unchanged at $89.66. In the past year, the shares have traded as low as $74.15 and as high as $90.60. On average, 979123 shares of KMP exchange hands on a given day and today's volume is recorded at 0.
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