Kinder Morgan agreed to acquire Bakken-based midstream firm Hiland Partners from Harold Hamm for a total of USD 3 billion, including debt. Hiland’s assets, which are mostly fee-based, consist of crude oil gathering and transportation pipelines and gas gathering and processing systems. The systems have more than 1.8 million acres dedicated under long-term agreements with major Bakken producers. Kinder Morgan expects to close the transaction in the first quarter of the year.
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