Kinder Morgan Acquires West Texas Oilfield To Leverage Carbon Capture Incentives: Report
Portfolio Pulse from Lekha Gupta
Kinder Morgan, Inc. (KMI) has acquired oil and gas-producing assets in West Texas for about $100 million, aiming to leverage U.S. carbon capture incentives to boost output. The acquisition includes 265 wells and 11,600 acres of land. KMI plans to sell older oilfields to focus on higher-potential properties. Investors can gain exposure through ETFs like MDST and TPYP.
May 23, 2024 | 3:15 pm
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POSITIVE IMPACT
Kinder Morgan's acquisition of West Texas oilfield assets for $100 million aims to leverage U.S. carbon capture incentives to boost output. The company plans to sell older oilfields to focus on higher-potential properties.
The acquisition aligns with the U.S. Inflation Reduction Act's incentives, potentially increasing KMI's oil production and revenue. The strategic focus on high-potential properties could enhance long-term growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Ultimus Managers Trust Westwood Salient Enhanced Midstream Income ETF (MDST) provides exposure to Kinder Morgan, which has acquired new assets to leverage carbon capture incentives.
MDST ETF holds Kinder Morgan, which is expected to benefit from the acquisition and strategic focus on high-potential properties, potentially boosting the ETF's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Tortoise North American Pipeline ETF (TPYP) provides exposure to Kinder Morgan, which has acquired new assets to leverage carbon capture incentives.
TPYP ETF holds Kinder Morgan, which is expected to benefit from the acquisition and strategic focus on high-potential properties, potentially boosting the ETF's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50