What happened to El Paso Corporation?
The El Paso Company, as it became known in the 1970s, ceased to exist as an independent corporation in 1983. The company was purchased by Burlington Northern Inc. and became a 100-percent-owned subsidiary.
When did Kinder Morgan buy El Paso?
2012: In May 2012, KMI completed an approximately $38 billion acquisition of El Paso Corporation. The transaction made Kinder Morgan the largest midstream and one of the largest energy companies in North America, as well as the largest natural gas network operator in North America.
Who bought El Paso?
Infrastructure Investments Fund
It’s now owned by the JPMorgan Chase-tied Infrastructure Investments Fund, or IIF, which on June 1, 2019, agreed to buy the 117-year-old electric utility for $4.3 billion, including assuming $1.5 billion of the utility’s debt. The sale was completed Wednesday afternoon.
Who owns El Paso Pipeline?
El Paso Pipeline Partners, L.P. is a Delaware limited partnership formed by El Paso Corporation to own and operate natural gas transportation pipelines and storage assets. El Paso Corporation owns a 42 percent limited partner interest and 2 percent general partner interest in the partnership.
Where does El Paso get its gas from?
El Paso Natural Gas (EPNG) is an American company with a system of natural gas pipelines that brings gas from the Permian Basin in Texas and the San Juan Basin in New Mexico and Colorado to West Texas, New Mexico, Nevada, California, and Arizona. It also exports some natural gas to Mexico.
What is Rich Kinder worth?
7.5 billion USD (2022)Richard Kinder / Net worth
Kinder is one of the seven self-made billionaires from Houston on the list, with a net worth of $11 billion. In 2020, he was ranked No. 103 on the Forbes 400 list of the richest people in America.
Where does El Paso get its gas?
Is there oil in El Paso?
The El Paso refinery has a crude oil refining capacity of approximately 131,000 barrels per calendar day (bpcd). The refinery processes sweet and sour crudes into gasoline, distillates, heavy fuel oil, asphalt and propane and has access to the Permian Basin shale region.
Who bought El Paso Natural Gas?
Kinder Morgan Inc
NEW YORK/HOUSTON (Reuters) – Kinder Morgan Inc KMI. N struck a $21 billion deal to buy rival El Paso Corp EP. N, combining the two largest natural gas pipeline operators in North America in a huge bet on the fast-growing market for that fuel.
Who owns Plantation pipeline?
Plantation is owned in partnership by Kinder Morgan (51.2%) and ExxonMobil (48.8%).
What does El Paso Corporation do?
El Paso Corp. headquarters. El Paso Corporation was a provider of natural gas and related energy products and was one of North America’s largest natural gas producers until its acquisition by Kinder Morgan in 2012.
Where is the headquarters of El Paso?
El Paso Corp. headquarters. El Paso Corporation was a provider of natural gas and related energy products and was one of North America’s largest natural gas producers until its acquisition by Kinder Morgan in 2012. It was headquartered in Houston, Texas.
The El Paso Corporation also owned fifty percent of Great Lakes Transmission and Florida Gas Transmission and employed 6,000 people. Florida Gas is part of Southern Natural Gas. In 1999 the company doubled in size when it merged with Birmingham, Alabama based natural gas giant Sonat. It went on to acquire Coastal Corporation in 2001.
Who was the CEO of El Paso gas company?
The company’s major offices were located in Houston, Texas; Birmingham, Alabama; and Colorado Springs, Colorado. The company’s CEO at the time of sale to Kinder Morgan was Douglas L. Foshee . Source: The Pipeliners: The Story of El Paso Natural Gas, by Frank J Mangan, January 1, 1978, ISBN 978-0930208066