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United Gas Holding Corporation history
United Gas Holding Corporation company history timeline
The company took a $45.7 million writedown of oil and gas assets and other investments in 1985 and reported a rare annual loss.
In 1987, as part of UGI's strategy of focused growth in propane, AmeriGas, through the AP Propane joint venture, acquired Cal Gas Corporation and instantly became the nation's fourth largest propane marketer.
There was a resulting decrease in natural gas prices and an increase in competition; responding to this, Transco’s pipeline subsidiaries became permanent open access pipelines in 1988, transporting gas that customers had purchased from other companies.
Transco enlarged its pipeline network in 1989 with the purchase of Texas Gas Transmission Corporation and two related companies for about $600 million from CSX Corporation.
The ensuing air pollution regulatory crackdown all but killed the American by-product coke industry by 1990.
Transco Exploration and Production made 11 gas discoveries in 1990.
Early in 1991 Transcontinental Gas Pipe Line and five other companies joined to launch onshore and offshore pipeline systems to transport natural gas from the Mobile Bay area in the gulf off Alabama.
During fiscal 1994, 48 percent of UGI's revenue and 57 percent of its operating income came from propane.
The latest NPL FMGP was authorized by US EPA in 2002.
"Transco Energy Company ." International Directory of Company Histories. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/transco-energy-company
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United Gas Holding Corporation competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Wagner Supply | - | $1.6M | 10 | - |
| Rose City Contracting | 1993 | $1.2M | 15 | 1 |
| Carson Oil Co | - | $1.3M | 25 | - |
| Duncan Oil | - | $30.0M | 50 | 24 |
| Molo Companies | - | $33.0M | 375 | 25 |
| Heritage Petroleum | - | $1.1M | 25 | - |
| Tanner Services | - | $1.1M | 25 | 10 |
| Bay State Gas Company | 1847 | $620.0M | 757 | - |
| Dowdle Gas Inc | 1956 | $1.6M | 10 | - |
| Truax Oil Inc. | 1936 | $28.6M | 10 | - |
United Gas Holding Corporation history FAQs
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