Houston pipeline giant Kinder Morgan reported a $180 million net loss for the second quarter, driven by a $600 million writedown in value of much of its pipeline and gathering facilities in Oklahoma.
After agreeing in May to sell its controversial Trans Mountain oil pipeline and expansion to Canada for $3.5 billion, Kinder Morgan is back to focusing on Texas growth with multibillion-dollar natural gas pipelines systems that will traverse the state.
Source: FuelFix
