Inergy, L.P. () is an
American supplier of
propane
Propane () is a three-carbon chain alkane with the molecular formula . It is a gas at standard temperature and pressure, but becomes liquid when compressed for transportation and storage. A by-product of natural gas processing and petroleum ref ...
based in
Kansas City, Missouri
Kansas City, Missouri, abbreviated KC or KCMO, is the largest city in the U.S. state of Missouri by List of cities in Missouri, population and area. The city lies within Jackson County, Missouri, Jackson, Clay County, Missouri, Clay, and Pl ...
that claims to be the fourth-largest
propane
Propane () is a three-carbon chain alkane with the molecular formula . It is a gas at standard temperature and pressure, but becomes liquid when compressed for transportation and storage. A by-product of natural gas processing and petroleum ref ...
retailer in the United States. Serving 800,000 customers in 28 states.
[Inergy 2009 Report](_blank)
/ref> 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
Dynegy Inc. is an electric company based in Houston, Texas. It owns and operates a number of power stations in the U.S., all of which are powered by fossil fuels. Dynegy was acquired by Vistra Corp on April 9, 2018. The company is located at 601 ...
. As of November 2010, the company had acquired 89 businesses – mostly regional and local propane distributors.
It operates 28 states and employs approximately 3,000 associates and has 700,000 customers. .New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...
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.
Midstream operations
Its midstream operations include
*West Coast Midstream Operations near Bakersfield, California
Bakersfield is a city in and the county seat of Kern County, California, United States. The city covers about near the southern end of the San Joaquin Valley, which is located in the Central Valley region.
Bakersfield's population as of th ...
which provides per day natural gas processing as well as a rail and truck terminals.
*Tres Palacios Gas Storage, Matagorda County, Texas adjacent to the Eagle Ford Formation which has of working gas
*Steuben Gas Storage, Steuben County, New York, of gas storage
*Thomas Corners Gas Storage Steuben County, New York, of storage
*Finger Lakes LPG Storage, Steuben County with LPG storage and Watkins Glen, New York facility of LPG storage.
*U.S. Salt Gas Storage Development, Watkins Glen, of natural gas storage capacity in salt caverns.
*Stagecoach Storage - of storage in the Marcellus Formation
*U.S. Salt LLC Operations, Watkins Glen on Seneca Lake, New York - sells of salt each year and has of cavern capacity for gas
Retail propane services
The company has purchased various regional or local propane operations which continue to operate under their original names including:
References
External links
inergylp.com
{{Authority control
Energy companies of the United States
Natural gas companies of the United States
Energy in Missouri
Companies based in Kansas City, Missouri
Energy companies established in 1998
Non-renewable resource companies established in 1998
Companies listed on the New York Stock Exchange
Propane