El Paso
Acquired by Kinder Morgan
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El Paso Snapshot
Out in the West Texas town of El Paso, this company fell in love with the natural gas industry. Founded in 1928 in its namesake city, El Paso Corporation is primarily engaged in gas transportation and storage (including liquefied natural gas, LNG), oil and gas exploration and production, and gas gathering and processing. Operator of the largest gas transportation system in the US, El Paso has interests in 38,100 miles of interstate pipeline. Subsidiary El Paso Exploration and Production has estimated proved reserves of about 3.4 trillion cu. ft. of natural gas equivalent in Brazil, Egypt, and the US. In a major move, in 2011 the company agreed to be acquired by Kinder Morgan for about $38 billion.
