Kinder Morgan Acquires West Texas Oilfield For EOR And Carbon Tax Credits, Sources Say
Portfolio Pulse from Benzinga Newsdesk
Kinder Morgan has acquired a West Texas oilfield to enhance its Enhanced Oil Recovery (EOR) operations and capitalize on carbon tax credits, according to sources.
May 22, 2024 | 2:30 pm
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Kinder Morgan's acquisition of a West Texas oilfield is aimed at enhancing its EOR operations and benefiting from carbon tax credits.
The acquisition is likely to positively impact Kinder Morgan's stock in the short term as it enhances their EOR operations and allows them to benefit from carbon tax credits, potentially increasing revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100