Energy Transfer Partners is a Fortune 500

Fortune 500

The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks the top 500 U.S. closely held and public corporations as ranked by their gross revenue after adjustments made by Fortune to exclude the impact of excise taxes companies collect. The list includes publicly and...

 natural gas

Natural gas

Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...

 and propane

Propane

Propane is a three-carbon alkane with the molecular formula , normally a gas, but compressible to a transportable liquid. A by-product of natural gas processing and petroleum refining, it is commonly used as a fuel for engines, oxy-gas torches, barbecues, portable stoves, and residential central...

company.

Overview

It was founded in 1995. It is headquartered in Dallas, Texas

Dallas, Texas

Dallas is the third-largest city in Texas and the ninth-largest in the United States. The Dallas-Fort Worth Metroplex is the largest metropolitan area in the South and fourth-largest metropolitan area in the United States...

. They have 5000 employees. The Chairman of the Board and Chief Executive Officer is Kelcy Warren

Kelcy Warren

-Early life:He received a Bachelor of Science in Civil engineering from the University of Texas at Arlington in 1978.-Career:He started his career by working for the Lone Star Gas Company. From 1981 to 1992, he worked for Endevco. He served as Executive Vice-President Cornerstone Natural Gas from...

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They have pipeline

Pipeline

-Science and industry:* Pipeline transport, a conduit made from pipes connected end-to-end for long-distance fluid transport* Plastic Pressure Pipe Systems, for fluid handling* Milking pipeline, used on a dairy farm to transport fluid milk...

 operations in Arkansas

Arkansas

Arkansas is a state located in the southern region of the United States. Its name is an Algonquian name of the Quapaw Indians. Arkansas shares borders with six states , and its eastern border is largely defined by the Mississippi River...

, Arizona

Arizona

Arizona ; is a state located in the southwestern region of the United States. It is also part of the western United States and the mountain west. The capital and largest city is Phoenix...

, Colorado

Colorado

Colorado is a U.S. state that encompasses much of the Rocky Mountains as well as the northeastern portion of the Colorado Plateau and the western edge of the Great Plains...

, Louisiana

Louisiana

Louisiana is a state located in the southern region of the United States of America. Its capital is Baton Rouge and largest city is New Orleans. Louisiana is the only state in the U.S. with political subdivisions termed parishes, which are local governments equivalent to counties...

, Mississippi

Mississippi

Mississippi is a U.S. state located in the Southern United States. Jackson is the state capital and largest city. The name of the state derives from the Mississippi River, which flows along its western boundary, whose name comes from the Ojibwe word misi-ziibi...

, New Mexico

New Mexico

New Mexico is a state located in the southwest and western regions of the United States. New Mexico is also usually considered one of the Mountain States. With a population density of 16 per square mile, New Mexico is the sixth-most sparsely inhabited U.S...

, Utah

Utah

Utah is a state in the Western United States. It was the 45th state to join the Union, on January 4, 1896. Approximately 80% of Utah's 2,763,885 people live along the Wasatch Front, centering on Salt Lake City. This leaves vast expanses of the state nearly uninhabited, making the population the...

, and West Virginia

West Virginia

West Virginia is a state in the Appalachian and Southeastern regions of the United States, bordered by Virginia to the southeast, Kentucky to the southwest, Ohio to the northwest, Pennsylvania to the northeast and Maryland to the east...

. They are the largest single owner of natural gas pipeline in Texas and one of the largest producers of propane in the United States.

This company allows investors participate in the growth of the energy economy. In October 2011, Amerigas Partners, owned by the UGI Corporation

UGI Corporation

UGI Corporation is a public utility holding company with a variety of assets based in King of Prussia, Pennsylvania.-History:UGI was incorporated in 1882 as United Gas Improvement Co. It encouraged the formation of United Electric Company of New Jersey in 1899...

 by 44%, bought its propane operations in exchange for $1.5 billion in cash and $1.3 billion in shares, as well as $71 million in debt from two Energy Transfer Partners’ subsidiaries, Heritage Operating and Titan Energy Partners. The same month, it also announced that it would build a new processing plant in the Barnett Shale

Barnett Shale

The Barnett Shale is a geological formation located in the Bend Arch-Fort Worth Basin. It consists of sedimentary rocks of Mississippian age in Texas...

 and a 117-mile pipeline in Oklahoma

Oklahoma

Oklahoma is a state located in the South Central region of the United States of America. With an estimated 3,751,351 residents as of the 2010 census and a land area of 68,667 square miles , Oklahoma is the 28th most populous and 20th-largest state...

 as a result of a deal with XTO Energy

XTO Energy

XTO Energy is an American Fortune 500 energy producing company. Its primary products are oil and natural gas. It is based in Downtown Fort Worth, Texas. Its current CEO is Keith Hutton.-History:The company was founded in 1985 as Cross Timbers Oil Company...

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