Energy Transfer Partners
Energy Transfer Partners (NYSE: ETP) is a Fortune 500 natural gas and propanecompany.[1][2][3][4][5][6]
[edit] Overview
It was founded in 1995.[1] It is headquartered in Dallas, Texas.[1] They have 5000 employees.[1] The Chairman of the Board and Chief Executive Officer is Kelcy Warren.[7][8][9]
They have pipeline operations in Arkansas, Arizona, Colorado, Louisiana, Mississippi, New Mexico, Utah, and West Virginia.[1] They are the largest single owner of natural gas pipeline in Texas and one of the largest producers of propane in the United States.[1]
This company allows investors participate in the growth of the energy economy.[1] In October 2011, Amerigas Partners, owned by the UGI Corporation by 44%, bought its propane operations in exchange for $1.5 billion in cash and $1.3 billion in shares, as well as $71 million in debt from two Energy Transfer Partners’ subsidiaries, Heritage Operating and Titan Energy Partners.[10] The same month, it also announced that it would build a new processing plant in the Barnett Shale and a 117-mile pipeline in Oklahoma as a result of a deal with XTO Energy.[11]
[edit] References
- ^ a b c d e f g Official website, company overview
- ^ Yahoo Finance
- ^ Google Finance
- ^ BusinessWeek Stock profile
- ^ Bloomberg Stock Profile
- ^ Reuters Stock Profile
- ^ Senior Management
- ^ Kelcy Warren Forbes profile
- ^ Kelcy Warren BusinessWeek profile
- ^ Mark Scott, 'AmeriGas to Buy Energy Transfer Unit for $2.9 Billion', in The New York Times, October 17, 2011 [1]
- ^ Matt Joyce, 'Energy Transfer Partners signs midstream deal with XTO', in Dallas Business Journal, October 21, 2011 [2]
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