What is the history of El Paso Corp.?

El Paso Corporation, founded in 1928, has a long and notable history in the energy sector, primarily focusing on natural gas. The company initially emerged as a small natural gas distributor serving El Paso, Texas. It gradually expanded its operations, evolving into a significant player in the natural gas pipeline industry throughout the United States. The 1980s marked a period of substantial growth for El Paso Corporation, as it began to diversify its operations, acquiring various subsidiaries and expanding its pipeline network. By the late 1990s, El Paso Corporation continued to solidify its position in the energy market through a series of strategic mergers and acquisitions. A notable event occurred in 2001 when El Paso Corporation acquired the assets of the former Duke Energy Gas Transmission. This acquisition not only enhanced El Paso's pipeline assets but also allowed the company to enter new markets across North America. However, the early 2000s also brought challenges for El Paso Corporation. The company faced financial difficulties stemming from the impacts of fluctuating energy prices and changes in market conditions. In response, El Paso Corporation implemented significant restructuring measures to stabilize its operations, including divesting non-core assets and refocusing on its core natural gas business. In subsequent years, El Paso Corporation focused on improving operational efficiency and strengthening its financial position. In 2012, the company was acquired by Kinder Morgan, a leading energy infrastructure company. This acquisition enabled Kinder Morgan to enhance its capabilities and expand its existing pipeline network. El Paso Corporation's legacy continues to influence the natural gas industry, and its various assets are now part of the extensive Kinder Morgan portfolio. Current information about El Paso Corporation, including updates on its historical significance and market presence, can often be found on relevant business and financial news websites or financial reports.