VP & President of Terminals, Kinder Morgan
Search every verified John Schlosser interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. John Schlosser, Vice President and President of Terminals at Kinder Morgan, has not been directly quoted in the provided material. The transcript and selected quotes feature comments from Kinder Morgan's CEO, Rich Kinder, during a September 2015 interview on CNBC's "Mad Money." In that interview, Kinder discussed the company's acquisition of its master limited partnership subsidiaries, describing the consolidated entity as a "toll road" operator with long-term contracts, particularly in natural gas pipelines. He stated that the infrastructure is needed to transport growing production from the Marcellus-Utica play and that lower natural gas prices have increased demand from petrochemical plants and electric generators. Kinder also addressed concerns about customer credit risk, saying the company has "solid contracts" with creditworthy companies and uses letters of credit for sub-investment-grade customers. Regarding oil prices, he said that existing CO2 floods in the Permian Basin can operate profitably at $40-$45 per barrel, while new floods would require $60 oil. He projected that the consolidated company would pay a $2 per share dividend in the following year and achieve 10% dividend growth through 2020.
“We think we have very solid contracts again as we've said so many times we're just like a toll road; we have good solid long-term contracts, particularly in our natural gas pipeline segment, and most of these companies are credit grade, very worthy companies.”
“This infrastructure is really needed; for example, take all of the additional contracts we've signed for volumes coming out of the Marcellus-Utica play in the Northeast. That production has got to get out and it's going to move no matter who controls the actual production because we just have more natural gas and more...”
“We've done a lot of looking at market clearing prices and as you can see, this is kind of a double-edged sword just as you saw when natural gas prices declined pretty precipitously two or three years ago, actually that increased the demand and you had more demand pull from petrochemical companies and electric generator...”
“If you were starting a new CO2 flood today you probably need $60 oil, but we think on the floods that are actually in operation today where you're just buying CO2 to continue to do infield drilling and injection, that price is in the $40 to $45 range. So I'm not overly troubled by price for oil at the current level; I...”
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