Ann: Operations Update at Triple Crown , page-47

One fool does...

Kinder Morgan (the company acquiring El Paso) is primarily a pipeline company. They want the the pipeline assets of El Paso and will sell the Exploration and Producing (E&P) business of El Paso.

KM was a giant before acquiring EP. Now it is undisputed #1 transporter and storer of O&G products in US. They clearly see expansion in domestic US production.

But as far this transaction's effect on a an E&P company there is none. Could be that US domestic O&G by 2020 is larger than Saudi - all due to shale