| Company type | Public |
|---|---|
| Traded as | Nasdaq: CPNO |
| Industry | natural gas |
| Founder | John R. Eckel Jr. |
| Headquarters | United States |
| Website | http://www.kindermorgan.com |
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, and 10 natural gas plants, with 1 billion cubic feet of natural gas processing capability. The served areas of the company include many states including Texas, Oklahoma and Wyoming.
In 2013, the total assets of the company was acquired by Kinder Morgan Energy Partners, LP, (KMP) at the price of $5 billion. 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. 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.
References
- ^ "Copano Energy L.L.C. Company Profile. Google Finance. 2014/1/26".
- ^ "Copano Energy, L.L.C. (CPNO) Acquired by Kinder Morgan Energy". Streetinsider.com. 2013-01-30. Retrieved 2014-02-24.
- "KMP Completes Acquisition of Copano Energy". Fool.com. 2013-05-01. Archived from the original on 2014-02-24. Retrieved 2014-02-24.
- "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.
- "KMP Earnings: Acquired Assets And Strong CO2 Business Drive Earnings". 2014-01-17. Retrieved 2014-02-24.
External links
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