M&A Deal Summary

Kinder Morgan Acquires El Paso

On October 16, 2011, Kinder Morgan acquired oil/gas exploration company El Paso for 37.8B USD

Acquisition Highlights
  • This is Kinder Morgan’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Kinder Morgan’s largest (disclosed) transaction.
  • This is Kinder Morgan’s 1st transaction in the United States.
  • This is Kinder Morgan’s 1st transaction in Texas.

M&A Deal Summary
Date 2011-10-16
Target El Paso
Sector Oil/Gas Exploration
Buyer(s) Kinder Morgan
Deal Type Add-on Acquisition
Deal Value 37.8B USD
Advisor(s) Morgan Stanley (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

El Paso

Houston, Texas, United States
El Paso Corporation is a processes, stores, and transmits natural gas and natural gas liquids. The Company was formed in 1928.

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Buyer(S) 1

Buyer

Kinder Morgan

Houston, Texas, United States

website

Category Company
Founded 1936
Sector Energy Services and Equipment
Employees10,525
Revenue 19.2B USD (2022)
DESCRIPTION
Kinder Morgan's corporate headquarters in downtown Houston, Texas.
Kinder Morgan's corporate headquarters in downtown Houston, Texas.

Kinder Morgan is an energy infrastructure company. Kinder Morgan owns an interest in or operates pipelines and terminals. The Company's pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2 and other products, and its terminals transload and store petroleum products, ethanol and chemicals, and handle such products as coal, petroleum coke and steel. Kinder Morgan also produces and transports CO2, which is utilized for enhanced oil recovery projects in North America. Kinder Morgan was formed in 1936 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 7
Sector (Oil/Gas Exploration) 1 of 3
Type (Add-on Acquisition) 1 of 5
State (Texas) 1 of 2
Country (United States) 1 of 7
Year (2011) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-17 Terasen International

Vancouver, British Columbia, Canada

Terasen Gas serves approximately 900,000 customers or 95% of gas users in British Columbia. The Company owns and operates 44,100 kilometres of natural gas distribution pipelines and 4,300 kilometres of natural gas transmission pipelines.

Sell $3.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-10 Kinder Morgan Energy Partners

Houston, Texas, United States

Kinder Morgan Energy Partners LP is an energy transportation, storage and distribution companies in North America. The Company owns an interest in or operates approximately 41,000 miles of pipelines that primarily transport natural gas, crude oil, petroleum products and CO2, and more than 155 terminals which store, transfer and handle products like gasoline and coal. Kinder Morgan Energy Partners LP was formed in 2002 and is based in Houston, Texas.

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