Copano Energy

Copano Energy, L.L.C.
Company type
Public
Nasdaq: CPNO
Industrynatural gas
FounderJohn R. Eckel Jr.
Headquarters
United States
Websitehttp://www.kindermorgan.com [1]

Copano Energy, L.L.C. is a national natural gas distributor and supplier in the U.S. The company operates over 6,800 miles of natural gas transmission pipelines, with 2.7 billion cubic feet of natural gas processing capability,[2] and 10 natural gas plants, with 1 billion cubic feet of natural gas processing capability.[1] The served areas of the company include many states including Texas, Oklahoma and Wyoming.[3]

In 2013, the total assets of the company was acquired by Kinder Morgan Energy Partners, LP, (KMP) at the price of $5 billion.[2] On August 5, 2013, the company announced that it and its wholly owned subsidiary Copano Energy Finance Corporation would redeem for cash $178.5 million.[4] Driven by the acquisition of the Company as well as drop down assets that KMP acquired from parent company Kinder Morgan Inc in 2012, KMP's certain items rise to around $665 million.[5]

References

  1. ^ a b "Copano Energy L.L.C. Company Profile. Google Finance. 2014/1/26".
  2. ^ a b "Copano Energy, L.L.C. (CPNO) Acquired by Kinder Morgan Energy". Streetinsider.com. 2013-01-30. Retrieved 2014-02-24.
  3. ^ "KMP Completes Acquisition of Copano Energy". Fool.com. 2013-05-01. Retrieved 2014-02-24.{{cite web}}: CS1 maint: deprecated archival service (link)
  4. ^ "Copano Energy, L.L.C. and Copano Energy Finance Corporation Announce Partial Redemption of 7.125% Senior Notes Due 2021". Businesswire.com. 2013-08-05. Retrieved 2014-02-24.
  5. ^ "KMP Earnings: Acquired Assets And Strong CO2 Business Drive Earnings". 2014-01-17. Retrieved 2014-02-24.
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