Company:Copano Energy
| Type | Public |
|---|---|
| NASDAQ: CPNO | |
| Industry | natural gas |
| Founder | John R. Eckel Jr. |
| Headquarters | |
| Website | http://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
- ↑ 1.0 1.1 "Copano Energy L.L.C. Company Profile. Google Finance. 2014/1/26". https://www.google.com/finance?cid=728657.
- ↑ 2.0 2.1 "Copano Energy, L.L.C. (CPNO) Acquired by Kinder Morgan Energy". Streetinsider.com. 2013-01-30. http://www.streetinsider.com/Hot+M+and+A/Copano+Energy,+L.L.C.+(CPNO)+Acquired+by+Kinder+Morgan+Energy+Partners+(KMP)+in+$5B+Deal/8041526.html. Retrieved 2014-02-24.
- ↑ "KMP Completes Acquisition of Copano Energy". Fool.com. 2013-05-01. http://www.fool.com/investing/businesswire/2013/05/01/kmp-completes-acquisition-of-copano-energy.aspx. 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. http://www.businesswire.com/news/home/20130805005974/en/Copano-Energy-L.L.C.-Copano-Energy-Finance-Corporation. Retrieved 2014-02-24.
- ↑ "KMP Earnings: Acquired Assets And Strong CO2 Business Drive Earnings". 2014-01-17. http://www.nasdaq.com/article/kmp-earnings-acquired-assets-and-strong-co2-business-drive-earnings-cm319230. Retrieved 2014-02-24.
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