HISTORY

 

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, United Gas Corporation was listed on the New York Stock Exchange.    

 

Over the years, United Gas Pipeline was acquired by a number 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, renaming the pipeline as Gulf South Pipeline Company. In December 2004, Loews Corporation purchased Gulf South Pipeline.

 

Boardwalk Pipeline Partners, LP 

Loews Corporation (NYSE: L) bought Texas Gas Transmission, LLC in 2003 and Gulf South Pipeline Company, LP in 2004.  These two interstate natural gas pipeline companies were consolidated into a new entity – Boardwalk Pipeline Partners, LP – which went public in 2005.  Boardwalk placed into service a third interstate natural gas pipeline company, Gulf Crossing Pipeline Company LLC, in 2009.  In 2011, Boardwalk acquired the Petal and Hattiesburg natural gas storage companies, which were merged into Gulf South in 2015. In 2012, Boardwalk acquired Boardwalk Louisiana Midstream, LLC, which diversified Boardwalk’s operations into the liquids business, serving petrochemical markets in southern Louisiana. In 2014, Boardwalk acquired Evangeline ethylene pipeline system, further expanding Boardwalk’s service offerings to petrochemical customers. In July 2018, Boardwalk became a privately held, wholly owned subsidiary of Loews Corporation.