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Kelcy Warren

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Kelcy Warren
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Born Kelcy Lee Warren
(1955-11-05) November 5, 1955 (age 62)
Gladewater, Texas, United States
Residence Preston Hollow, Dallas, Texas, US
Education White Oak High School
Alma mater University of Texas at Arlington
Occupation Chairman & CEO of Energy Transfer Partners
Net worth $4.2 billion (September 2016)[1]
Parent(s) Hugh Brinson Warren
Bertie Lee (Robinson) Kirby

Kelcy Lee Warren (born November 9, 1955)[2] is an American billionaire businessman, the chairman and chief executive officer of Energy Transfer Partners.[3][4][5][6][7]

Early life

Born in Gladewater, Texas, Warren grew up in White Oak, Texas, the youngest of four sons of Hugh Brinson Warren and Bertie Lee Kirby.[2] His father worked as a field hand for Sun Pipeline, a company now owned by Warren.[8] Warren went to White Oak High School.

He received a bachelor's degree in Civil Engineering from the University of Texas at Arlington in 1978.[1][4][7]

Career

He started his career working for the Lone Star Gas Company.[3][4][7] From 1981 to 1992, he worked for Endevco.[3][7] He served as executive vice-president Cornerstone Natural Gas from 1989 to 1990, and as president and CEO from 1993 to 1996.[3][4][5][7] He has been the co-chairman and co-CEO of Energy Transfer Partners since 2007.[3][4][5] He also serves as member of the management council of ETP Enogex Partners LLC, co-CEO of ETC OLP, co-CEO and co-chairman of La Grange Energy and of US Propane LLC.[3] He is a former co-chairman of Le Gp, OEC Compression.

From 1996 to 2000, he sat on the board of directors of Crosstex Energy.[3][4] He serves on the Advisory Board of his alma mater, the University Of Texas At Arlington.[3][7]

In 2007, he bought the bankrupt Lajitas Resorts in Lajitas, Texas as a real estate investment.[7]

Warren purchased the Roatan Electric Company (RECO) in 2008, where he serves as President and Chairman of the Board.[9] RECO is investing $7 million on a wind farm that will be complete by 2017.[10]

Warren is chief executive officer and chairman of Energy Transfer Partners. Warren also serves as chairman of the general partner of Energy Transfer Equity. Prior to the combination of the operations of ETP and Heritage Propane in 2004, Warren co-founded the entities that acquired and operated the midstream natural gas pipelines that were contributed in the merger. From 1996 to 2000, Warren served as a director of Crosstex Energy, Inc. and from 1993 to 1996, he served as president, chief operating officer and a director of Cornerstone Natural Gas, Inc. Warren has more than 25 years of business experience in the energy industry.

In 2015, Governor Greg Abbott of Texas appointed Warren to the Texas Parks and Wildlife Commission.[11]

Music

In 2007, he co-founded an independent record label, Music Road Records, with Jimmy LaFave and Fred Remmert.[6] He collects music memorabilia like autographs of Jackson Browne and drumsticks signed by the Eagles.[6]

Philanthropy

Warren has hosted the Cherokee Music Festival since its inception in 2007. It is a nonprofit event to raise money for children’s charities and local public service organizations. [12][13]

In 2012, Warren donated $10 million to help build a park in downtown Dallas, Texas and named it for his son. As part of the contract, his son cleans up trash from the park once a month.[8]

The Kelcy Warren Foundation supports the Caddo Lake Institution, an organization with the mission of protecting the ecological, cultural and economic integrity of Caddo Lake, its associated wetlands and watershed. [14]

Political activity

Warren donated $6 million to Governor Rick Perry's presidential campaign.[15] He also donated $103,000 to President Donald Trump's 2016 campaign.[16]

Personal life

Warren married the former Sherry Johnson on May 18, 1980 in Dallas, Texas and they divorced in 1991. He married Amy Hudson on June 3, 2010 in Dallas. He has one son, Klyde Warren.[1]

He lives in Preston Hollow, Dallas, Texas[6] on an 8+ acre estate on Park Lane valued at more than $25,000,000.[17]

In 2010, he bought the 3,500-acre BootJack Ranch near Pagosa Springs, Colorado for $46.5 million.[6][18] He also owns an 8,000-acre ranch near Cherokee, Texas,[6] the 20,000-acre Lajitas Golf Resort and Spa in Lajitas, Texas,[19] and a private island near Roatán, Honduras.[6]

References

  1. ^ a b c "The World's Billionaires, Real Time Ranking, Kelcy Warren". forbes.com. Retrieved 2016-09-09. 
  2. ^ a b "Executive Profile - Energy Transfer Partners - Kelcy L. Warren". boardroominsiders.com. 2015-09-29. Retrieved 2016-09-10. 
  3. ^ a b c d e f g h "List of Public Companies Worldwide, Letter - Businessweek". Investing.businessweek.com. Retrieved 2015-11-07. 
  4. ^ a b c d e f "Kelcy L. Warren". Nndb.com. Retrieved 2015-11-07. 
  5. ^ a b c "Global Conference 2007 | Kelcy Warren". Milken Institute. Retrieved 2015-11-07. 
  6. ^ a b c d e f g Keates, Nancy (2010-11-05). "Inside Kelcy Warren's Dallas Mansion - WSJ". Online.wsj.com. Retrieved 2015-11-07. 
  7. ^ a b c d e f g "College of Engineering at The University of Texas at Arlington". Uta.edu. Retrieved 2015-11-07. 
  8. ^ a b Granberry, Michael (2012-10-20). "Kelcy Warren emerges as one of Dallas' bold new philanthropists". The Dallas Morning News. Retrieved 2016-09-10. 
  9. ^ "RECO - Roatan Electric Company". Recoroatan.com. 2008-08-09. Retrieved 2015-11-07. 
  10. ^ Gomez, Jessica (2015-08-24). "Roatan's Wind Farm". Honduras News. Retrieved 2016-09-10. 
  11. ^ "Texas Parks and Wildlife Commission". Texas Parks and Wildlife. Retrieved 27 January 2017. 
  12. ^ "Cherokee Creek Music Festival Website". cherokeecreekmusicfestival.org. Retrieved 2016-09-10. 
  13. ^ Granberry, Michael (2016-05-16). "John Fogerty, Lyle Lovett, Bruce Hornsby, Jimmy LaFave put on a killer show on Kelcy Warren's ranch in the Texas Hill Country". guidelive.com. Guide Live. Retrieved 2016-09-10. 
  14. ^ "Caddo Lake Institute, The Supporters". caddolakeinstitute.us. Retrieved 2016-09-10. 
  15. ^ "Million-Dollar Donors in the 2016 Presidential Race". The New York Times. 2016-02-09. Retrieved 2016-09-10. 
  16. ^ Milman, Oliver (October 26, 2016). "Dakota Access pipeline company and Donald Trump have close financial ties". Guardian. Retrieved November 2, 2016. 
  17. ^ "DCAD: Residential Acct Detail". Dallascad.org. Dallas Central Appraisal District. 2009-06-22. Retrieved 2015-11-07. 
  18. ^ "Energy Executive Buys Colorado Ranch". The Wall Street Journal. 2010-04-27. Retrieved 2016-09-10. 
  19. ^ Fenton, Tom (2015-09-14). "Lajitas Resort: Why you better go now - El Paso Inc.: Publishers Column". El Paso Inc. Retrieved 2017-04-04.