Kinder Morgan Market Opportunity and Financial Overview
CO2 Segment Overview
World class, fully-integrated assets | CO2 source to crude oil production & takeaway in the Permian Basin
Interest in 5 oil
fields with 9.2
billion barrels of
Original Oil In Place
Interest in 3 CO₂
fields with 37 tcf of
Original Gas In
Place
Doe Canyon
KINDER MORGAN
CO2 EOR & TRANSPORT FREE CASH FLOW
■FCF □ Capex ◇ Adj. Segment EBDA
Colorado
CO2 pipelines
CO2 source fields
☑Oil fields
$ millions
McElmo Dome
Crude pipelines
Permian basin
Cortez
New Mexico
Bravo Dome
$789
$777
$746
$707
$652
$185
$275
$242
$186
$349
$561
$514
$535
$466
$358
Katz
2019
2020
2021
2022
2023B
Denver
City
SACROC
Tall Cotton
Snyder
Midland
SIZEABLE MARGIN ON OIL PRODUCTION
$ per net barrel ■Cash costs ◆ Avg. realized oil price
~1,500 miles of CO2
$80
El Paso
Wink
Goldsmith
$53.78
pipelines with
$52.71
Yates
$60
$49.49
McCamey
capacity to move
up to 1.5 bcfd
Texas
Iraan
$40
$20
$-
2019
2020
2021
$66.78
$64.19
cash costs
~$25/barrel
2022
2023B
Note: CO₂ EOR & Transport FCF and Adjusted Segment EBDA are non-GAAP measures. See non-GAAP Financial Measures & Reconciliations. Cash costs & revenue per net oil barrel, including hedges where applicable. Cash costs
exclude DD&A expense and primarily consist of expenses related to power, labor, rig work, CO2 purchases, taxes other than income tax, and gas processing. Lower cash costs in 2021 were driven by a benefit from returning power to the grid.
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