Inergy
{{Short description|American supplier of propane}}
{{Update|date=August 2019}}
Inergy, L.P. ({{nyse|NRGY}}) is an American supplier of propane based in Kansas City, Missouri that claims to be the fourth-largest propane retailer in the United States. Serving 800,000 customers in 28 states.[http://www.inergylp.com/downloads/2009InergyLP-AR.pdf Inergy 2009 Report]{{cite web|url=http://www.inergylp.com/retail/index.asp |title=Propane Marketing and Distribution |publisher=Inergy, L.P. |date= |accessdate=2010-11-23}} It is also a major salt miner via its U.S. Salt LLC subsidiary with its salt caverns later being used for natural gas storage.
It was founded in 1998 by its current president and CEO John J. Sherman after he sold his start up propane marketing company LPG Services Group to Dynegy.{{cite web|url=http://phx.corporate-ir.net/phoenix.zhtml?c=96211&p=irol-newsArticle&ID=1314405&highlight= |title=Great Plains Energy Inc. - Investor Relations - News Release |publisher=Phx.corporate-ir.net |date=2009-07-30 |accessdate=2010-11-23}} As of November 2010, the company had acquired 89 businesses – mostly regional and local propane distributors.{{cite news|author=Kansas City Business Journal |url=http://www.bizjournals.com/kansascity/news/2010/11/19/inergy-subsidiary-expands-propane.html |title=Inergy subsidiary expands propane operations with two acquisitions | Kansas City Business Journal |publisher=Bizjournals.com |date= 2010-11-19|accessdate=2010-11-23}}
It operates 28 states and employs approximately 3,000 associates and has 700,000 customers. .
In August 2010 it acquired its parent Inergy Holdings which had also traded on the New York Stock Exchange under the ticker symbol NRGP in a deal valued at $2 billion with the resulting company being reported to be worth $6 billion. Prior to the acquisition both companies shared the same offices in Kansas City.{{cite news|url=https://www.reuters.com/article/idUSTRE67828F20100809 |title=Inergy LP to buy Inergy Holding in $2.1 billion deal |publisher=Reuters |date= 2010-08-09|accessdate=2010-11-23}}
Midstream operations
Its midstream operations include
- West Coast Midstream Operations near Bakersfield, California which provides {{convert|25|e6ft3|m3|abbr=unit|lk=on}} per day natural gas processing as well as a rail and truck terminals.{{cite web|url=http://www.inergylp.com/inergy-Services/westcoast/index.asp |title=NGL Marketing and Distribution |publisher=Inergy, L.P. |date= |accessdate=2010-11-23}}
- Tres Palacios Gas Storage, Matagorda County, Texas adjacent to the Eagle Ford Formation which has {{convert|38.4|e9ft3|e9m3|abbr=unit}} of working gas{{cite web|url=http://www.inergylp.com/midstream/gasstorage/trespalacios/index.asp |title=Inergy Midstream | Energy Storage and Transportation |publisher=Inergylp.com |date= |accessdate=2010-11-23}}{{cite web|url=http://www.gasnom.com/ip/TresPalacios/ |title=Tres Palacios Gas Storage LLC - Informational Postings |publisher=Gasnom.com |date= |accessdate=2010-11-23}}
- Steuben Gas Storage, Steuben County, New York, {{convert|6.2|e9ft3|e6m3|abbr=unit}} of gas storage{{cite web|url=http://www.inergylp.com/midstream/gasstorage/steuben/index.asp |title=Inergy Midstream | Energy Storage and Transportation |publisher=Inergylp.com |date= |accessdate=2010-11-23}}{{cite web|url=http://www.steubengasstorage.com/ |title=Informational Postings |publisher=Steuben Gas Storage |date= |accessdate=2010-11-23}}
- Thomas Corners Gas Storage Steuben County, New York, {{convert|7.0|e9ft3|e6m3|abbr=unit}} of storage{{cite web|url=http://www.inergylp.com/midstream/gasstorage/thomascorners/index.asp |title=Inergy Midstream | Energy Storage and Transportation |publisher=Inergylp.com |date= |accessdate=2010-11-23}}{{cite web|url=http://www.thomascornersgasstorage.com/ |title=Informational Postings |publisher=Thomas Corners Gas Storage |date= |accessdate=2010-11-23}}
- Finger Lakes LPG Storage, Steuben County with {{convert|1.7|e6oilbbl|m3|abbr=unit|lk=on}} LPG storage and Watkins Glen, New York facility {{convert|5|e6oilbbl|e3m3|abbr=unit}} of LPG storage.{{cite web|url=http://www.inergylp.com/midstream/fingerlakes/index.asp |title=Inergy Midstream | Energy Storage and Transportation |publisher=Inergylp.com |date= |accessdate=2010-11-23}}
- U.S. Salt Gas Storage Development, Watkins Glen, {{convert|5|to|10|e9ft3|e6m3|abbr=unit}} of natural gas storage capacity in salt caverns.{{cite web|url=http://www.inergylp.com/midstream/expprojects/ussaltstorage/index.asp |title=Inergy Midstream | Energy Storage and Transportation |publisher=Inergylp.com |date= |accessdate=2010-11-23}}
- Stagecoach Storage - {{convert|26.25|e9ft3|e6m3|abbr=unit}} of storage in the Marcellus Formation{{cite web|url=http://www.stagecoachstorage.com/ |title=The Stagecoach Natural Gas Storage Facility - Informational Postings |publisher=Stagecoachstorage.com |date= |accessdate=2010-11-23}}
- U.S. Salt LLC Operations, Watkins Glen on Seneca Lake, New York - sells {{convert|300,000|short ton|tonne|sp=us|abbr=off|lk=on}} of salt each year and has {{convert|40|e6oilbbl|e6m3|abbr=unit}} of cavern capacity for gas{{cite web|url=http://www.inergylp.com/midstream/ussaltops/index.asp |title=Inergy Midstream | Energy Storage and Transportation |publisher=Inergylp.com |date= |accessdate=2010-11-23}}{{cite web|url=http://www.ussaltllc.com/ |title=US Salt LLC |publisher=US Salt LLC |date=2008-12-05 |accessdate=2010-11-23}}
Retail propane services
The company has purchased various regional or local propane operations which continue to operate under their original names including:{{cite web|url=http://www.inergylp.com/about/brands.asp |title=Energy Storage & Transportation and Propane Marketing & Distribution |publisher=Inergy, L.P. |date= |accessdate=2010-11-23}}
- Arrow Gas
- Blue Flame
- Blue Ridge Propane
- Blu-Gas
- Bradley Propane
- Burnwell Gas
- Country Gas
- Delta Propane
- Dowdle Gas
- Eastside Gas
- Farm & Home Oil Company
- Gaylord Gas
- Hancock Gas Service
- Highland Propane
- Homestead Propane
- Hoosier Propane
- Independent Propane Company
- Jenkins Gas
- Legacy Propane
- Liberty Propane
- Maingas
- McCracken Propane
- MGS Propane
- Modern Gas
- Moulton Gas Service
- Northwest Energy
- Ohio Gas and Appliance
- Pearl Gas
- Pennington Gas Service
- Permagas
- ProGas
- Pyrofax Energy
- Rocky Mountain Propane
- Shirley Bottle Gas
- Silgas
- Southeast Propane
- Tru-Gas
- United Propane
- Yates Gas
References
{{reflist}}
External links
- [http://www.inergylp.com/ inergylp.com]
{{Authority control}}
Category:Energy companies of the United States
Category:Natural gas companies of the United States
Category:Companies based in Kansas City, Missouri
Category:Energy companies established in 1998
Category:Non-renewable resource companies established in 1998