On Tuesday, Shares of Kinder Morgan, Inc. (NYSE:KMI), gained 0.99% to $35.57.
A partner of Kinder Morgan declared the start of a binding open season to solicit interest for incremental firm natural gas transportation service on its Mier-Monterrey pipeline, which would expand capacity to about 1.340 billion cubic feet per day. The expansion project, which would be accomplished by the fourth quarter of 2017, will comprise of the looping of the existing Mier-Monterrey pipeline system from the Mexico-United States border to Huinalá, Nuevo León, Mexico, and a new lateral from Pesquería, Nuevo León, Mexico, to Escobedo, Nuevo León, Mexico.
“We received noteworthy interest from our initial open season on this project as natural gas demand in Mexico continues to enhance,” said Kinder Morgan Natural Gas Midstream President Duane Kokinda. “The projected looping project utilizes and expands upon our existing assets to provide a low-cost option for additional capacity to transport natural gas produced in the United States to the growing industrial and power-generating markets in and around Monterrey, Nuevo León.”
Kinder Morgan, Inc. operates as an energy infrastructure and energy company in North America. The company operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada, and Other segments.
Shares of Bonanza Creek Energy, Inc. (NYSE:BCEI), inclined 0.67% to $8.96, during its last trading session, hitting its lowest level.
Bonanza Creek Energy stated its second quarter 2015 financial and operating results. The Company formerly declared revisions to its agreements with its gas processing providers in the Rocky Mountain region allowing it to report operated sales volumes in three streams (oil, NGLs and natural gas) effective January 1, 2015. Unless noted, all references to barrel of oil equivalent (boe) volumes related to activities accomplished in the Rocky Mountain region during 2014 have incorporated 6:1 gas to liquids conversion of two-stream (oil and wet gas) volumes.
Highlights from second quarter 2015 and current operations comprise:
- Sales volumes grew to 28.0 Mboe/d representing a 14% enhance contrast to estimated 3-stream sales volumes in the second quarter of 2014(1) and 2% contrast to first quarter 2015
- Raised Rocky Mountain region sales volumes by 21% contrast to second quarter 2014(1), to 22.7 Mboe/d and 4% contrast to first quarter 2015
- Estimated sales volumes(2) for the first 20 days in July were 29.4 Mboe/d, an all-time record for the Company.
Bonanza Creek Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of onshore oil and associated liquids natural gas in the United States. The company’s oil and liquids weighted assets are located primarily in the Wattenberg Field in Colorado; and the Dorcheat Macedonia Field in southern Arkansas.
Finally, Airgas, Inc. (NYSE:ARG), ended its last trade with 3.83% gain, and closed at $100.90.
Airgas stated earnings per diluted share of $1.16 for its first quarter ended June 30, 2015, down 2% contrast to the preceding year earnings per diluted share of $1.18, in line with the Company’s expectations and reflective of the challenging economic conditions.
First quarter sales raised 3% over the preceding year to $1.3 billion. Organic sales were up 2% over the preceding year, with gas and rent up 5% and hardgoods down 3%. In the Distribution segment, organic sales were flat contrast to the preceding year, with gas and rent up 2% and hardgoods down 3%. In the All Other Operations segment, organic sales were up 16%, primarily driven by raised sales in the refrigerants, CO2 and dry ice businesses. Acquisitions contributed sales growth of 1% in the quarter on both a merged basis and in the Distribution segment.
Airgas, Inc., together with its auxiliaries, supplies industrial, medical, and specialty gases; and welding equipment and related products. It operates through two segments, Distribution and All Other Operations.
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