The transaction includes a 270 million cubic feet per day (mcf/d) processing plant and rich gas header system in the Williston Basin area.

Kinder Morgan (NYSE:KMI) said Monday it agreed to acquire a natural gas gathering and processing system in North Dakota from Outrigger Energy II LLC for $640M. The deal includes a 270M cf/day processing facility and a 104-mile high-pressure rich gas gathering header pipeline with 350M cf/day of capacity connecting supplies from the Williston Basin

Kinder Morgan Inc. (KMI) shares rose over 1% on Monday after the energy infrastructure company said its subsidiary, Hiland Partners Holdings LLC, will purchase a natural gas gathering and processing system in North Dakota from Outrigger Energy II LLC for $640 million.