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.
Fool contributor Toby Shute has an outperform call on Energy Transfer in CAPS, but he doesn't have a position in any company mentioned. You can find him on CAPS as TMFSmashy. The Motley Fool has a disclosure policy.