TheNewsRoom | Kinder Morgan Energy Partners to Buy Petrohawk's Stake in Shale Assets

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Kinder Morgan Energy Partners to Buy Petrohawk's Stake in Shale Assets

May 05, 2011

Kinder Morgan Energy Partners (KMP) said today it has agreed to pay $855 million for Petrohawk Energy Corporations (HK) 50% interest in KinderHawk Field Services, a natural gas gathering and treating services provider in the Haynesville Shale, as well as a 25% interest in Petrohawks nat gas gathering and treating business in the Eagle Ford Shale. Upon the close of the deal, Kinder Morgan will own 100% of KinderHawk.