Our nation's independent exploration and production companies have no problem producing natural gas these days. Getting that gas to market is a different story.
Bottlenecks in the Rockies have depressed gas prices in that region, while the hurricanes have really roughed up offshore gathering systems. In fact, more than 45% of Gulf of Mexico natural gas was still offline as of Tuesday.
But never fear: Kinder Morgan Energy Partners
OK, not all it's worth -- the Fayetteville is massive -- but at 2 billion cubic feet a day, this is one fat pipe. In comparison, REX West, owned by Kinder, Sempra Energy
This is a roughly $1.3 billion project, so it's important for the funders to secure shippers well in advance of the in-service date a few years hence. The pipeline is proving popular, with 10-year commitments right off the bat from the biggest producers in the play -- Southwestern Energy
This project announcement, right in the eye of a credit-market storm, is further evidence of just how solid profit machines like Kinder truly are.