Inergy
| Company type | Public |
|---|---|
| Industry | Energy |
| Founded | 1998 |
| Founder | John J. Sherman |
| Headquarters | Kansas City , United States |
Area served | United States (28 states) |
Key people | John J. Sherman (President and CEO) |
| Products | Propane retailing, natural gas storage, salt mining |
Number of employees | 3000 (2010) |
| Website | inergylp |
Inergy, L.P. (), headquartered in Kansas City, Missouri, stands as a prominent U.S. propane provider, ranking fourth among propane retailers nationwide and serving a customer base of 800,000 across 28 states. The company also manages U.S. Salt LLC, a significant salt mining operation that utilizes salt caverns for natural gas storage purposes.
Established in 1998 by president and CEO John J. Sherman following the sale of his startup LPG Services Group to Dynegy, Inergy had incorporated 89 predominantly regional propane distributors by November 2010. The firm employs roughly 3,000 staff members and services close to 700,000 clients.
In August 2010, Inergy completed a $2 billion acquisition of its parent company, Inergy Holdings (NYSE: NRGP), resulting in a combined enterprise valued at $6 billion. Prior to this merger, both entities shared their headquarters in Kansas City.
Midstream operations
Inergy’s midstream assets encompass:
- West Coast Midstream near Bakersfield, California, which processes natural gas daily and features rail and truck terminals.
- Tres Palacios Gas Storage in Matagorda County, Texas, located adjacent to the Eagle Ford Formation, with substantial working gas capacity.
- Steuben Gas Storage and Thomas Corners Gas Storage situated in Steuben County, New York, offering storage capacities of and , respectively.
- Finger Lakes LPG Storage facilities in Steuben County and Watkins Glen, New York, combining for LPG storage exceeding .
- U.S. Salt Gas Storage Development at Watkins Glen, providing natural gas storage within salt caverns.
- Stagecoach Storage within the Marcellus Formation, possessing significant capacity.
- U.S. Salt LLC operations on Seneca Lake, New York produce an annual salt output of approximately , while maintaining cavern space for gas storage.
Retail propane services
Inergy has integrated numerous regional and local propane businesses that continue to operate under their established names, including:
- 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
External links
- Articles with short description
- 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