Copano Energy
| Company type | Public |
|---|---|
| Nasdaq: CPNO | |
| Industry | natural gas |
| Headquarters | |
| Website | http://www.kindermorgan.com [1] |
Copano Energy, L.L.C. is a national natural gas distributor and supplier in the U.S.. The company operates over 6,800 miles of natural gas transmission pipelines, with 2.7 billion cubic feet of natural gas processing capability,[2] and 10 natural gas plants, with 1 billion cubic feet of natural gas processing capability.[1] The served areas of the company include many states including Texas, Oklahoma and Wyoming.[3]
In 2013, the total assets of the company was acquired by Kinder Morgan Energy Partners, LP, (KMP) at the price of $5 billion.[2] On August 5, 2013, the company announced that it and its wholly owned subsidiary Copano Energy Finance Corporation would redeem for cash $178,500,000.[4] Driven by the acquisition of the Company as well as drop down assets that KMP acquired from parent company Kinder Morgan Inc in 2012, KMP's certain items rise to around $665 million.[5]
References
- ^ a b "Copano Energy L.L.C. Company Profile. Google Finance. 2014/1/26".
- ^ a b "Copano Energy, L.L.C. (CPNO) Acquired by Kinder Morgan Energy". Streetinsider.com. 2013-01-30. Retrieved 2014-02-24.
- ^ "KMP Completes Acquisition of Copano Energy". Fool.com. 2013-05-01. Archived from the original on 2014-02-24. Retrieved 2014-02-24.
- ^ "Copano Energy, L.L.C. and Copano Energy Finance Corporation Announce Partial Redemption of 7.125% Senior Notes Due 2021". Businesswire.com. 2013-08-05. Retrieved 2014-02-24.
- ^ "KMP Earnings: Acquired Assets And Strong CO2 Business Drive Earnings". 2014-01-17. Retrieved 2014-02-24.