RE: Kinder Morgan pipeline
Please consider the following before writing more about the Kinder Morgan 42” pipeline to be built between West Texas and the Houston, Texas area, designed to transport approximately two billion cubic feet of natural gas daily.
Currently these two billion cubic feet of gas are being flared (burned) to the atmosphere daily. This quantity of natural gas could, instead, be transported to a market and generate 7.5% of its market value as a severance tax paid to the State of Texas. Doing the math, at the current value of $2.85 per one thousand cubic feet, these two billion cubic fee would generate $427,500 per day for the State. And carried forward, that translates to $154,755,000 per year.