ALBUQUERQUE, N.M. (AP) — A major energy infrastructure company is at least temporarily shelving plans to build a new pipeline between eastern Arizona and central New Mexico.
The federal Bureau of Land Management said Wednesday that Houston-based Kinder Morgan Inc. has withdrawn its application for a right of way for construction of a new carbon dioxide pipeline between Arizona's Apache County and an existing pipeline in New Mexico's Torrance County.
Kinder Morgan delivers carbon dioxide for use in projects to recover oil from mature oil fields.
Kinder Morgan said in late January it was re-evaluating the timing of its planned spending of approximately $1 billion on the project. The company cited the decline in oil prices.