Transco Energy Co LLC history

In 1974 Transco discontinued its participation in various oil and gas exploration projects in Canada.

In 1975 Transco was listed on the New York Stock Exchange.

Transco estimated that its initial deliveries from Iran would begin in early 1976.

In 1977 an FPC administrative law judge found the company innocent of improperly withholding gas supplies, noting the decline in natural gas supplies.

The search for new supplies continued; Transco Exploration found commercial quantities of gas off the Texas coast in 1979.

The parent company also ventured into other energy businesses, including coal; it bought three coal companies from General Energy Corporation of Lexington, Kentucky, in 1982, for about $70 million.

Also, Transco converted its exploration operations into a limited partnership, Transco Exploration Partners, Ltd. (TXP), and sold 12% of the partnership to the public in 1983 generating $120 million in cash.

In 1985 Transco Energy gave up on a North Dakota coal-gasification plant it had operated with four other energy companies.

Transco’s financial performance improved in 1989, with net income of $89 million.

He also planned to reduce capital spending by 40% in 1992, while cutting common stock dividends and 500 jobs.

The WilTel venture began, playing a foundational role in today’s digital world by using retired-from-service pipelines as conduit for fragile fiber-optic cable.1995.

The company narrowed its focus back to energy, exited the telecommunications business, and acquired Barrett Resources, adding significant natural gas reserves, primarily in the western United States.2003.

Williams began investing to grow its business in the Marcellus producing area of the United States Northeast. It also continued to invest in expanding its Transco interstate natural gas pipeline system – the nation’s largest, and fastest-growing – to create access to the “best markets” to the north and south of the Marcellus and Utica supply areas.2014.