1. West Coast Sequestration Partnership Kick-off Meeting 9/29-30

2. September 2003WC Seq. Partnership2 KinderMorgan Started in mid-1990’s as mid-stream energy firm. KMI/ KMP total enterprise value over $20 bn Large natural gas p/l, product p/l, bulk terminals, and CO2 supply, transportation, and EOR. Purchased CO2 division from Shell in 2000. Added SACROC field 2001, reviewing Yates.

3. September 2003WC Seq. Partnership3 KM CO2 Business Focus KM CO2 focus solely on CO2 assets – source, supply, EOR, and sequestration infrastructure development. Largest transporter of CO2 Largest owner CO2 assets One of largest CO2 EOR companies. International sequestration/ EOR developments.

4. September 2003WC Seq. Partnership4 Kinder Morgan System Map NGPL NGPL Storage Retail Natural Gas Division Products Pipelines Products Pipeline Terminals Transmix Facilities Natural Gas Pipelines Natural Gas Storage Natural Gas Plants Gas-Fired Power Plants CO 2 Pipelines Terminals Indicates # of Facilities in area (2,3,10) Kinder Morgan Headquarters, Houston, Texas 2 3 2 4 10 2 2 2 2 KMC O 2 PACIFIC COCHIN PACIFIC CALNEV NORTH PLANTATION CFPL KMIGT KMTP KM TEJAS 2 NGPL 3

5. September 2003WC Seq. Partnership5 LEGEND Cortez Pipeline Sheep Mountain Pipeline Bravo Pipeline CO 2 Distribution System CO 2 System Map

6. September 2003WC Seq. Partnership6 U.S. CO 2 Flood Areas Weyburn Gasification Permian Basin x Labarge

7. September 2003WC Seq. Partnership7 Industry Consumption Seventeen oil field operators in the Permian Basin utilize CO 2 in more than 50 projects ChevTex Hess Other Oxy ExxonMobil KM CO2 BP  Permian Basin in West Texas constitutes approx. 85% of EOR via CO2 flooding.

8. September 2003WC Seq. Partnership8 CO2 for EOR: The Net Effect Reservoir Characteristics Oil Price CO2 Owner Interest People Other Potential CO2 Flood Candidates U.S. Oil Reserves

9. September 2003WC Seq. Partnership9 Sequestration Dynamics Sequestration EOR Site Storage Site Carbon Capture Transportation Infrastructure Meter/ Monitor & Measure Step 1: Get it. Step 3: Store/ Use it Step 2: Move it. Step 4: Control it Political/ Policy Legal Environment Health Safety Economic Commercial

10. September 2003WC Seq. Partnership10 Experience Scope Pipelines Sourcing/ compression Metering/ operations EOR EHS