Marcellus Minutes is a subscription-based newsletter sent to all subscribers registered through the Marcellus Minutes website that contains information on legislation including bill tracking, committee hearings and news from the Capitol in Harrisburg. Access to the website is free and provided to those directly involved and those with an interest in Pennsylvania’s oil and gas industry.

Kinder Morgan Cuts Dividend by 74 Percent to Conserve Cash

Kinder Morgan Inc. slashed its full-year dividend by 74 percent as the freefall in oil prices reduced cash flow that the biggest North American pipeline owner needs to cover payments on $41 billion of debt.

Kinder Morgan stockholders will receive payouts totaling 50 cents per share in 2016, the Houston-based oil and natural gas shipper said Tuesday in a statement. As recently as Nov. 18, the company was promising investors a 6 percent to 10 percent increase next year. Shares extended this month’s 33 percent slide after the close of regular trading.

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