Inergy, L.P. () 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.
[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, in the United States. It owns and operates a number of power stations in the U.S., all of which are natural gas-fueled or coal-fueled. Dynegy was acquired by Vistra Corp on April 9, 2 ...
. 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 of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed ...
under the ticker symbol
A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market. In short, ticker symbols are arrangements of symbols or characters (generally Latin letters ...
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
The oil and gas industry is usually divided into three major components: upstream, midstream and downstream. The midstream sector involves the transportation (by pipeline, rail, barge, oil tanker or truck), storage, and wholesale marketing of crud ...
operations include
*West Coast Midstream Operations near Bakersfield, California which provides per day natural gas processing as well as a rail and truck terminals.
*Tres Palacios Gas Storage, Matagorda County, Texas
Matagorda County is a county located in the U.S. state of Texas. As of the 2020 census, the population was 36,255. Its county seat is Bay City, not to be confused with the larger Baytown in Harris and Chambers Counties. Matagorda County is ...
adjacent to the Eagle Ford Formation
The Eagle Ford Group (also called the Eagle Ford Shale) is a sedimentary rock formation deposited during the Cenomanian and Turonian ages of the Late Cretaceous over much of the modern-day state of Texas. The Eagle Ford is predominantly compos ...
which has of working gas
*Steuben Gas Storage, Steuben County, New York
Steuben County (stu-BEN) is a county located in the U.S. state of New York. As of the 2020 census, the population was 93,584. Its county seat is Bath. Its name is in honor of Baron von Steuben, a Prussian general who fought on the American ...
, of gas storage
*Thomas Corners Gas Storage Steuben County, New York
Steuben County (stu-BEN) is a county located in the U.S. state of New York. As of the 2020 census, the population was 93,584. Its county seat is Bath. Its name is in honor of Baron von Steuben, a Prussian general who fought on the American ...
, of storage
*Finger Lakes LPG Storage, Steuben County with LPG storage and Watkins Glen, New York
Watkins Glen is a village and census-designated place in and the county seat of Schuyler County, New York, United States. As of the 2020 census, the population was 1,829. Watkins Glen lies within the towns of Dix and Reading. To the southwest ...
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
The Marcellus Formation or the Marcellus Shale is a Middle Devonian age unit of sedimentary rock found in eastern North America. Named for a distinctive outcrop near the village of Marcellus, New York, in the United States,
it extends throughou ...
*U.S. Salt LLC Operations, Watkins Glen on Seneca Lake, New York
Seneca Lake is the largest of the glacial Finger Lakes of the U.S. state of New York, and the deepest glacial lake entirely within the state. It is promoted as being the lake trout capital of the world, and is host of the National Lake Trout Der ...
- 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