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Enterprise Products Partners L.P. (NYSE: EPD) is an American midstream natural gas and crude oil pipeline company with headquarters in Houston, Texas. [6] It acquired GulfTerra in September 2004. The company ranked No. 105 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. [7]
Targa Resources Corp. is a Fortune 500 [1] company based in Houston, Texas.Targa, a midstream energy infrastructure corporation, is one of the largest infrastructure companies delivering natural gas and natural gas liquids in the United States.
The low price of natural gas, together with its smaller carbon footprint compared to coal, has encouraged a rapid growth in electricity generated from natural gas. Between 2005 and 2014, US production of natural gas liquids (NGLs) increased 70 percent, from 1.74 million barrels per day in 2005 to 2.96 million barrels per day in 2014.
A natural-gas processing plant in Aderklaa, Austria. Natural-gas processing is a range of industrial processes designed to purify raw natural gas by removing contaminants such as solids, water, carbon dioxide (CO 2), hydrogen sulfide (H 2 S), mercury and higher molecular mass hydrocarbons to produce pipeline quality dry natural gas [1] for pipeline distribution and final use. [2]
In September 2019, the company acquired SemGroup for $5 billion. [15] In January 2020, former Energy Secretary Rick Perry rejoined the company's board. [16] In August 2023, it was announced Energy Transfer had signed a definitive agreement to acquire its Houston-headquartered rival, Crestwood Equity Partners for approximately $7.1 billion. [17]
In 2010, the company agreed to pay a $3.25 million civil penalty for violating the Clean Water Act and to spend $41 million to upgrade more than 10,000 miles of crude oil pipelines after the United States Environmental Protection Agency pressed charges regarding 10 pipeline spills in Texas, Louisiana, Oklahoma, and Kansas between June 2004 and ...
Liquefied petroleum gas, also referred to as liquid petroleum gas (LPG or LP gas), is a fuel gas which contains a flammable mixture of hydrocarbon gases, specifically propane, n-butane and isobutane. It can sometimes contain some propylene , butylene , and isobutene .
The economy of Houston is based primarily on the energy industry, particularly oil.However, health care, biomedical research, and aerospace also constitute large sectors. In 2021, the gross domestic product (GDP) of the Houston–The Woodlands–Sugar Land metropolitan statistical area (MSA) was 537 U.S. dollars billion, the fourth-largest of any metro area in the United States. [1]
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