After nearly three decades of deal-making, Kelcy Warren is not slowing down. The Energy Transfer co-founder and executive chairman told Hart Energy that he sees the company continuing as a midstream consolidator while pushing into new markets and new parts of the energy business.
Warren shared those plans in an interview for Hart Energy’s 50th anniversary Hall of Fame series, which recognized him as one of the industry’s pioneers.
Where Energy Transfer Wants to Go
Three priorities stand out. First, Warren wants the company to keep buying. The supply of attractive targets has shrunk, he acknowledged, but some remain. “But there’s still some really good assets out there that we’ve got our eyes on that we think fit us really, really well,” he said.
Second, he wants Energy Transfer to grow internationally throughout North and South America. Third, he aims to expand further into the LNG and petrochemical industries.
Those goals build on recent activity. In the last two years or so, Energy Transfer bought Enable Midstream and Lotus Midstream, then completed a $7.1 billion purchase of Crestwood Equity Partners. Crestwood strengthened the company’s positions in the Permian Basin and the Bakken Shale and extended it into the Powder River Basin.
Built on Decades of Growth
The company Kelcy Warren co-founded in 1996 started with about 200 miles of natural gas pipelines in East Texas. It grew through post-Enron acquisitions, a move into natural gas liquids, the 2012 Sunoco deal and organic projects such as the Dakota Access Pipeline. A later round of consolidation brought in Susser Holdings, Regency Energy Partners, PennTex Midstream Partners, USA Compression Partners and SemGroup.
Warren sees improvement as a constant part of the job. “We always try to make our machine more efficient,” he said. “If you’re a good pipeliner, you’ll never have the perfect system.”
For Kelcy Warren, each new acquisition is another step toward a network that can always be made better. Read this article for additional information.
Find more information about Kelcy Warren on https://www.bloomberg.com/billionaires/profiles/kelcy-l-warren/
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After nearly three decades of deal-making, Kelcy Warren is not slowing down. The Energy Transfer co-founder and executive chairman told Hart Energy that he sees the company continuing as a midstream consolidator while pushing into new markets and new parts of the energy business.
Warren shared those plans in an interview for Hart Energy’s 50th anniversary Hall of Fame series, which recognized him as one of the industry’s pioneers.
Where Energy Transfer Wants to Go
Three priorities stand out. First, Warren wants the company to keep buying. The supply of attractive targets has shrunk, he acknowledged, but some remain. “But there’s still some really good assets out there that we’ve got our eyes on that we think fit us really, really well,” he said.
Second, he wants Energy Transfer to grow internationally throughout North and South America. Third, he aims to expand further into the LNG and petrochemical industries.
Those goals build on recent activity. In the last two years or so, Energy Transfer bought Enable Midstream and Lotus Midstream, then completed a $7.1 billion purchase of Crestwood Equity Partners. Crestwood strengthened the company’s positions in the Permian Basin and the Bakken Shale and extended it into the Powder River Basin.
Built on Decades of Growth
The company Kelcy Warren co-founded in 1996 started with about 200 miles of natural gas pipelines in East Texas. It grew through post-Enron acquisitions, a move into natural gas liquids, the 2012 Sunoco deal and organic projects such as the Dakota Access Pipeline. A later round of consolidation brought in Susser Holdings, Regency Energy Partners, PennTex Midstream Partners, USA Compression Partners and SemGroup.
Warren sees improvement as a constant part of the job. “We always try to make our machine more efficient,” he said. “If you’re a good pipeliner, you’ll never have the perfect system.”
For Kelcy Warren, each new acquisition is another step toward a network that can always be made better. Read this article for additional information.
Find more information about Kelcy Warren on https://www.bloomberg.com/billionaires/profiles/kelcy-l-warren/