HISTORY

 

Boardwalk Pipeline Partners, LP  

Loews Corporation (NYSE: L) bought Texas Gas Transmission, LLC in May 2003 and Gulf South Pipeline Company, LP in December 2004. These two interstate natural gas pipeline companies were consolidated into a new entity – Boardwalk Pipeline Partners, LP – which went public in November 2005. Boardwalk placed into service a third interstate natural gas pipeline company, Gulf Crossing Pipeline Company LLC, in 2009. In December 2011, Boardwalk acquired the Petal and Hattiesburg natural gas storage companies, which were rolled into Gulf South on January 1, 2015.  In October 2012, Boardwalk acquired Boardwalk Louisiana Midstream, LLC (formerly PL Midstream, LLC), which diversified Boardwalk’s operations into the natural gas liquids businesses, serving petrochemical markets in southern Louisiana. In October 2014, Boardwalk acquired Evangeline ethylene pipeline system, further expanding Boardwalk’s service offerings to petrochemical customers. Boardwalk Field Services, LLC develops and operates gas gathering, compression, dehydration, treating, and processing infrastructure, and in June 2013 placed its processing plant into service.   Boardwalk’s common units are traded under the symbol “BWP” on the New York Stock Exchange (NYSE). 

 

Texas Gas Transmission, LLC   

Texas Gas was created in 1948 when Memphis Natural Gas Company and Kentucky Natural Gas Corporation merged. At the time of the merger, Kentucky Natural’s main system consisted of a 10” and 12” pipeline between Terre Haute, Indiana, on the north and Bowling Green and Glasgow, Kentucky, on the south. Memphis Natural system consisted of two 18” lines from the Monroe Field into Memphis and the West Tennessee extension and also owned four main compressor stations. In 1948 the total annual sales from the combined systems were approximately 50 billion cubic feet.

 

Since the company's inception it has changed ownership four times. The first was to CSX Corp. in 1983, the second to Transco Energy Corp. in 1989, the third to Williams in 1995 and, in May 2003, Loews Corporation purchased Texas Gas.  

 

Today the company consists of approximately 6,020 miles of transmission pipeline and has a peak-day delivery capacity of approximately 4.8 billion cubic feet per day. Texas Gas also owns and operates nine natural gas storage fields located in Indiana and Kentucky.

 
Gulf South Pipeline Company, LP  

Gulf South was created in the 1930’s when five major groups, representing more than 40 power, fuel and utility companies, merged to form a holding company named the United Gas Corporation. In 1937, the corporation was restructured and condensed into three basic divisions:  production, transmission and distribution.  The transmission division was named United Gas Pipe Line Company.  On January 19, 1940, United Gas Pipe Line became the first pipeline company to handle one billion cubic feet of natural gas in one day and on July 6, 1949.

 

Over the years, United Gas Pipeline was acquired by a succession of companies: Pennzoil (1965), MidCon Corporation (1986), LaSalle Energy Corporation (1987) and Koch Industries, Inc. (1992). In August 1993, United Gas was renamed Koch Gateway Pipeline, and in 2001, Koch contributed Koch Gateway Pipeline to a joint venture with Entergy Corporation and the pipeline was renamed Gulf South Pipeline Company. In December 2004, Loews Corporation purchased Gulf South Pipeline.

 

Today, Gulf South owns and operates approximately 7,390 miles of pipeline and has a peak-day delivery capacity of approximately 8.3 billion cubic feet per day. Gulf South also has ten natural gas storage facilities. The two natural gas storage facility located in Bistineau, Louisiana and Jackson, Mississippi, have approximately 83.5 Bcf of working gas storage. Gulf South also owns and operates eight high-deliverability salt-dome natural gas storage having approximately 46 Bcf of total storage capacity, of which approximately 29.6 Bcf is working gas capacity and owns undeveloped land that is suitable for up to five additional storage caverns.

 

Gulf Crossing Pipeline Company LLC 

The Gulf Crossing Pipeline went into service during the first quarter of 2009.  Gulf Crossing Pipeline is an interstate pipeline that provides takeaway capacity from the Barnett Shale in Texas and the Caney/Woodford Shale in Oklahoma. The pipeline consists of approximately 375 miles of 42-inch pipeline and has a peak-day delivery capacity of approximately 1.9 billion cubic feet per day.  It originates in Sherman, Texas, and proceeds to the Perryville, Louisiana area. 

     

Boardwalk Field Services, LLC

Boardwalk Field Services operates natural gas gathering, compression, treating and processing infrastructure. Our gathering and processing assets include a 150 million cubic feet per day (MMcf/d) cryogenic gas processing plant and approximately 290 miles of gas gathering pipeline primarily in South Texas.  

 

Boardwalk Louisiana Midstream, LLC 

 

Boardwalk Louisiana Midstream provides transportation and storage services for natural gas, natural gas liquids (NGLs) and ethylene,  fractionation services for NGLs, and brine supply services for producers and consumers of petrochemicals through two hubs in southern Louisiana - the Choctaw Hub in the Mississippi River Corridor area and the Sulphur Hub in the Lake Charles area. These assets provide approximately 67.1 MMbbls of salt dome storage capacity, including approximately 7.6 Bcf of working natural gas storage capacity; significant brine supply infrastructure; and approximately 270 miles of pipeline assets, including an extensive ethylene distribution systems in Louisiana. Boardwalk acquired Boardwalk Louisiana Midstream (formerly PL Midstream) in October 2012, and this acquisition diversified Boardwalk's operations into the natural gas liquids business. Boardwalk Louisiana Midstream also owns and operates the Evangeline Pipeline (Evangeline), an approximately 180-mile interstate ethylene pipeline that is capable of transporting approximately 2.6 billion pounds of ethylene per year between Port Neches, Texas, and Baton Rouge, Louisiana, where it interconnects with our ethylene distribution system and storage facilities at the Choctaw Hub. Throughput for Boardwalk Louisiana Midstream was 46.6 MMBbls for the year ended December 31, 2015.