El Paso Corp.

El Paso Corp.
El Paso Corp. headquarters

El Paso Corporation (NYSE: EP), provides natural gas and related energy products and is one of North America's largest natural gas producers. It is headquartered in Houston, Texas. United States.[1]

The company owns North America's largest natural gas pipeline system which goes from border-to-border and coast-to-coast. The system includes Colorado Interstate Gas, El Paso Natural Gas, Southern Natural Gas, and Tennessee Gas Pipeline. Currently under construction Ruby Pipeline. The El Paso Corporation also owns fifty percent of Great Lakes Transmission and Florida Gas Transmission and employs 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.[citation needed] It went on to acquire Coastal States Gas in 2001.

The company's major offices are located in Houston, Texas, Birmingham, Alabama and Colorado Springs, Colorado. The company's current CEO is Douglas L. Foshee.

History

The company was founded in 1928 by Houston attorney Paul Kayser, who identified the city of El Paso, Texas as a good market for natural gas transported by pipeline from Jal, New Mexico.

In October 2011, Kinder Morgan reported it will acquire El Paso Corp. for $38 billion.[2]

Notes and references

  1. ^ "Corporate." El Paso Corp. Retrieved on May 5, 2009.
  2. ^ Smith, Christopher E. (2011-10-17). "Kinder Morgan to acquire El Paso in $38 billion deal". Oil & Gas Journal (PennWell Corporation). (subscription required). http://www.ogj.com/articles/2011/10/kinder-morgan-to-acquire-el-paso-in-38-billion-deal.html. Retrieved 2011-10-19. 

External links


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