Dallas-based Energy Transfer, the leading midstream provider in the country, today launched its 25th anniversary celebration as one of the most diversified publicly traded energy infrastructure Partnerships with more than 90 000 miles of pipeline traversing 38 states and Canada, international offices in Canada and Beijing, and nearly 10 000 employees.
On 17 April, 1996, Kelcy Warren and Ray Davis set out to build the premier midstream infrastructure company from the ground up. What started as a small intrastate pipeline company with 200 miles of natural gas pipeline in east Texas and 20 employees is now ranked 59 on the Fortune 500 list of America’s largest companies. The combined strength, vision and grit of Warren and Davis quickly catapulted Energy Transfer from a maverick upstart to the industry’s leading midstream company through the combination of strategic acquisitions and significant organic growth projects. Davis now sits on Energy Transfer’s Board of Directors having retired as co-CEO in 2007.
Over the past decade, Energy Transfer has transformed itself from a natural gas-focused company to an international powerhouse that exports, transports, processes, stores and terminals natural gas, crude oil, NGLs, refined products and liquefied natural gas, through a series of strategic acquisitions including Louis Dreyfus Highbridge Energy, Southern Union Company and Sunoco Logistics. It has also achieved several business milestones including the construction of the first 42 in. natural gas pipeline in Texas and the largest dual-pipeline project in the country.
“To look back 25 years to the time when Ray and I bought our first assets as Energy Transfer to where we are today is truly remarkable,” said Warren, now Executive Chairman of Energy Transfer. “It has been quite a ride. Our journey has not always been easy, but we have built a company that has the best pipeline assets in the industry. I am not only proud of what we have accomplished, but I am excited about where we are going. We have a terrific leadership team in place and amazing employees who I am honoured to work alongside.”
Read the latest issue of World Pipelines magazine for pipeline news, project stories, industry insight and technical articles.
The April issue of World Pipelines includes a regional report on oil and gas pipeline activity in the Gulf of Mexico, along with technical articles on corrosion prevention, unpiggable pipelines and repair and rehabilitation. Don’t miss the article on hydrogen pipelines!
Read the article online at: https://www.worldpipelines.com/business-news/26042021/energy-transfer-celebrates-25-years/
You might also like
The use of repurposed steel pipes can support a circular economy by reducing the need for new materials and produce CO2e savings as high as 97%, says Sean Conway, Managing Director, Decom Engineering Ltd, UK.