Kinder Morgan Commits $3 Billion to Acquire Bakkan Oil and Gas Gathering Assets Held By Hiland Partners and Serving Continental Resources and Other Large Producers in North Dakota and Montana

On January 21 Kinder Morgan, Inc. announced its agreement to acquire Hiland Partners from its founder, Harold Hamm, and certain Hamm family trusts, for a total purchase price of approximately $3 billion, including the assumption of debt (approx. $1 billion).  Hiland’s assets, which are mostly fee based, consist of crude oil gathering and transportation pipelines […]