Kinder Morgan made it clear that U.S. drilling activity is no longer the primary driver of midstream growth, with volumes increasingly shaped by LNG feed gas demand, power generation, and infrastructure utilization rather than rising rig counts. Across major plays — including the Permian, Haynesville, Eagle Ford, Bakken, and Northeast — the company views supply as durable and responsive to demand pull, allowing earnings growth even if drilling activity remains flat.
What Kinder Morgan Is Really Saying About U.S. Drilling — By Market and Play




