KINDER MORGAN AND DCP TO DEVELOP GULF COAST EXPRESS PIPELINE PROJECT

Kinder Morgan Texas Pipeline (KMTP), a subsidiary of Kinder Morgan, and DCP Midstream have signed a letter of intent for DCP to participate in the development of the proposed Gulf Coast Express Pipeline Project, which will provide an outlet for increased natural gas production from the Permian Basin to growing markets along the Texas Gulf Coast. The project is designed to transport up to 1,700,000 dekatherms per day (Dth/d) of natural gas through approximately 430 miles of 42-inch pipeline from the Waha, Texas area to Agua Dulce, Texas. The pipeline is expected to be in service in the second half of 2019, subject to shipper commitments. A non-binding open season for firm natural gas transportation is currently in process. It is anticipated that DCP will be a partner and shipper on the proposed pipeline. KMI will build and operate the pipeline. DCP is the largest natural gas liquids producer and natural gas processor in the U.S. and operates approximately 1.3 billion cubic feet per day (Bcf/d) of processing capacity in the targeted Permian supply area. DCP also operates Sand Hills, a natural gas liquids pipeline extending from the Permian area to the premier Mont Belvieu market. Sand Hills pipeline is currently being expanded from 280,000 barrels per day (Bbls/d) to 365,000 Bbls/d. (Source: Kinder Morgan)