Copano Energy
{{Infobox company
| name = Copano Energy, L.L.C.
| type = Public
| traded_as = {{NASDAQ|CPNO}}
| industry = natural gas
| founder = John R. Eckel Jr.
| location_country = United States
| homepage = http://www.kindermorgan.com {{cite web|url=https://www.google.com/finance/?cid=728657|title=Copano Energy L.L.C. Company Profile. Google Finance. 2014/1/26}}
}}
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,{{cite web |url=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|title=Copano Energy, L.L.C. (CPNO) Acquired by Kinder Morgan Energy|publisher=Streetinsider.com|date=2013-01-30|accessdate=2014-02-24}} 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.{{cite web|url=http://www.fool.com/investing/businesswire/2013/05/01/kmp-completes-acquisition-of-copano-energy.aspx|title=KMP Completes Acquisition of Copano Energy|publisher=Fool.com|date=2013-05-01|accessdate=2014-02-24|archive-url=https://archive.today/20140224084852/http://www.fool.com/investing/businesswire/2013/05/01/kmp-completes-acquisition-of-copano-energy.aspx|archive-date=2014-02-24|url-status=dead}}
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.{{cite web |url=http://www.businesswire.com/news/home/20130805005974/en/Copano-Energy-L.L.C.-Copano-Energy-Finance-Corporation|title=Copano Energy, L.L.C. and Copano Energy Finance Corporation Announce Partial Redemption of 7.125% Senior Notes Due 2021|publisher=Businesswire.com|date=2013-08-05|accessdate=2014-02-24}} 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.{{cite web |url=http://www.nasdaq.com/article/kmp-earnings-acquired-assets-and-strong-co2-business-drive-earnings-cm319230|title= KMP Earnings: Acquired Assets And Strong CO2 Business Drive Earnings|date=2014-01-17|accessdate=2014-02-24 }}
References
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External links
- [http://www.kindermorgan.com/pages/_services/redirectorCPNO.aspx Kinder Morgan.com: official Copano Energy website]
{{US-energy-company-stub}}
Category:Natural gas companies of the United States
Category:Natural gas pipeline companies