| Copano Energy, L.L.C. | |
| Type: | Public |
| Traded As: | NASDAQ: |
| Industry: | natural gas |
| Founder: | John R. Eckel Jr. |
| Location Country: | United States |
| Homepage: | 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. 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]