Texas Gas Transmission Corporation history

The company’s first major move to diversify occurred in 1966, when it purchased Great Lakes Pipe Line Company, the country’s largest petroleum products pipeline, part of an ambitious expansion program that would later see the energy and construction company diversify into telecommunications.

Dean Jones headed Texas Gas, serving as copresident of Boardwalk, while his counterpart at Gulf South, Rolf Gafvert, who joined Gulf South in 1992, held the identical title of copresident.

In 1999, before its profound problems surfaced, Williams consolidated two of its natural gas pipeline units, merging the main offices of Williams Gas Pipeline-Central in Tulsa into the main office of Texas Gas in Owensboro, forming Williams Gas Pipeline-SouthCentral.

Before the end of 2002, Williams sold another pipeline system to another conglomerate, the Kern Rivet pipeline system, which was purchased by Warren Buffett’s Berkshire Hathaway holding company for nearly $1 billion.

Loews took Boardwalk public in November 2005, raising more than $300 million in an initial public offering of stock.

The $1.3 billion project, which also included the construction of four new compressor stations, was expected to commence operation in October 2008, adding a third dimension to Boardwalk’s holdings.

In 2011, Boardwalk acquired the Petal and Hattiesburg natural gas storage companies.

Boardwalk diversified into natural gas liquids by acquiring Boardwalk Louisiana Midstream in 2012.

In 2014, Boardwalk acquired the Evangeline Ethylene Pipeline System, further expanding Boardwalk’s service offerings to petrochemical customers.

In 2016, Texas Gas completed two projects to bring Marcellus and Utica gas to the Gulf Coast markets.

In July 2018, Boardwalk became a privately-held, wholly-owned subsidiary of Loews Corporation

On December 2, 2019, FERC approved the merger of Gulf South and Gulf Crossing.