Just a few months after it acquired Oklahoma City-based Enable Midstream Partners in a $7.2 billion deal, Dallas-based Energy Transfer launched its 25th anniversary celebration.
The company is considered the leading midstream provider in the U.S. with more than 90,000 miles of pipeline in 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.
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.”
