Energy Transfer Marks 25 Years as the U.S. Midstream Industry Leader
April 19 2021 - 10:15AM
Business Wire
Energy Transfer co-founded in 1996 by Kelcy
Warren and Ray Davis
Ranked 59th on the Fortune 500 list of
America’s largest companies
Dallas-based Energy Transfer (NYSE:ET), 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 April 17, 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-inch 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
honored to work alongside.”
About Energy Transfer
Energy Transfer LP (NYSE: ET) owns and operates one of the
largest and most diversified portfolios of energy assets in the
United States, with a strategic footprint in all of the major
domestic production basins. ET is a publicly traded limited
partnership with core operations that include complementary natural
gas midstream, intrastate and interstate transportation and storage
assets; crude oil, NGL and refined product transportation and
terminalling assets; NGL fractionation; and various acquisition and
marketing assets. ET also owns Lake Charles LNG Company, as well as
the general partner interests, the incentive distribution rights
and 28.5 million common units of Sunoco LP (NYSE: SUN), and the
general partner interests and 46.1 million common units of USA
Compression Partners, LP (NYSE: USAC). For more information, visit
the Energy Transfer LP website at www.energytransfer.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210419005639/en/
Energy Transfer Media Relations 214.840.5820 Vicki
Granado or Lisa Coleman Media@energytransfer.com
Energy Transfer Investor Relations 214.981.0795 Bill
Baerg, Brent Ratliff, Lyndsay Hannah
investorrelations@energytransfer.com
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