Following the
discovery of oil in the PermianBasin in the 1920s, Houston
attorney, Paul Kayser, determined that El
Paso, Texas provided
a promising market for more cost-effective natural gas. He firmed up supply
from several gas wells near Jal, New Mexico, convinced El Paso’s industrial facilities to convert to
natural gas, and El Paso Natural Gas Company was born.
In the three-quarters
of a century since its founding, El Paso has
grown from a regional natural gas company to the largest natural gas
transmission system in North America.
We invite you to take
a few minutes to view an online scrapbook, dedicated to each and every
employee—past and present—whose contributions made our company what it is
today.The first four decades of our history
are now available.We will continue to
build upon the scrapbook throughout the year, so check back monthly for
updates.And if you have a special
memory, an amusing anecdote, or were part of a key event in the development of
Team El Paso, please submit your story to history@elpaso.com. Launch our
scrapbook.
YearSummary
1928Paul Kayser incorporates the pipeline
company in Delaware
as El Paso Natural Gas Company.
1929El Paso Natural Gas Company begins
construction of its first natural gas pipeline.
1931El Paso Natural Gas Company expands
westward into southern Arizona, southern New Mexico, and Cananea,
Mexico.
1936The New
York Stock Exchange lists El Paso Natural Gas’ common
stock.
1947El Paso
begins construction of its natural gas pipeline to California. The project involves laying more
than 700 miles of pipe and building the compressor stations necessary to keep
the gas moving.
1955El Paso Natural Gas celebrates the opening
of its downtown El Paso
home office building.
1983El Paso
Natural Gas becomes a wholly owned subsidiary of Burlington Northern, Inc. Burlington Northern
subsequently spins off El Paso Natural Gas as part of Burlington Resources Inc.
in 1988.
1992El Paso Natural Gas is spun off by
Burlington Resources and announces an initial public offering of its stock.
1996The company acquires the energy business of
Tenneco Energy, which was founded in 1940. The acquisition extends El Paso’s interstate
pipeline system from coast to coast. El Paso
moves its corporate headquarters to Houston,
Texas and changes its name to El
Paso Energy Corporation to reflect the company’s expanding role in the energy
industry.
1999El
Paso merges with Sonat Inc., which founded its
pipeline operations in 1929 as Southern Natural Gas. This merger expands El Paso’s pipeline operations into the southeast United States
and initiates the company’s entrance into the exploration and production
business.
2001The company changes its name to El Paso
Corporation and completes its merger with The Coastal Corporation, which was
founded in 1955. The merger brings Colorado Interstate Gas Company and ANR
Pipeline Company to the company’s pipeline operations. The merger also
significantly increases the size of the company’s exploration and production
business. El Paso Natural Gas moves its headquarters to Colorado
Springs, Colorado, joining with
Colorado Interstate Gas to form El
Paso’s Western Pipeline Group. Tennessee Gas Pipeline
and ANR Pipeline consolidate their operations in Houston
to form El Paso’s
Eastern Pipeline Group.
2003El Paso Corporation hires Doug Foshee as
president and chief executive officer.
2004El
Paso’s 6,000 employees dedicated themselves to working
as one team focused on making El Paso Corporation a great turnaround story by
meeting challenges and seizing opportunities.
2006El Paso
sells its interests in ANR Pipeline Company, its Michigan storage assets, and its 50-percent
interest in Great Lakes Gas Transmission to TransCanada Corporation and TC
Pipelines, L.P. for $4.135 billion.
2007El
Paso forms El Paso Pipeline Partners, L.P. to own and
operate natural gas transportation pipelines, storage, and other midstream
assets.
2008El
Paso publishes its first Corporate Sustainability
Report.
2009Every employee from the top down is
committed to upholding our values of Stewardship, Integrity, Safety,
Accountability, and Excellence in all we do. We are building upon our legacy of
success by returning to our roots, and we will prevail over the
industry-changing events that have altered the face of the company.
Comments
Post new comment