When did Arkla buy intrastate gas in Louisiana?
In 1989 Arkla bought Louisiana Intrastate Gas for about $170 million, adding 1,900 miles of pipeline–the largest intrastate system in Louisiana. Also in 1989, Arkla sold 18% of Arkla Exploration Company to the public. The exploration subsidiary’s shares traded on the New York Stock Exchange.
When did southern cities and Arkansas Louisiana merge?
In 1934 Southern Cities merged with Arkansas Louisiana Pipeline Company, Reserve Natural Gas Company, Arkansas Natural Gas Company, and Public Utilities Company of Arkansas to form the Arkansas Louisiana Gas Company, (ALG), a subsidiary of Cities Service Company.
When did Arkla acquire Mississippi River Transmission Corporation?
Arkla acquired Mississippi River Transmission Corporation for $305 million in 1986, providing access to new service territories in western Illinois and St. Louis, Missouri. In 1988 Arkla acquired Entex, Inc. through a $500 million stock swap.
What was the largest acquisition in Arkla history?
It was Arkla’s largest merger to date, Entex serving about 1.2 million customers in the Houston metropolitan area and more than 500 other markets in the Gulf of Mexico region. In 1989 Arkla bought Louisiana Intrastate Gas for about $170 million, adding 1,900 miles of pipeline–the largest intrastate system in Louisiana.
In 1934 Southern Cities merged with Arkansas Louisiana Pipeline Company, Reserve Natural Gas Company, Arkansas Natural Gas Company, and Public Utilities Company of Arkansas to form the Arkansas Louisiana Gas Company, (ALG), a subsidiary of Cities Service Company.
In 1989 Arkla bought Louisiana Intrastate Gas for about $170 million, adding 1,900 miles of pipeline–the largest intrastate system in Louisiana. Also in 1989, Arkla sold 18% of Arkla Exploration Company to the public. The exploration subsidiary’s shares traded on the New York Stock Exchange.
Arkla acquired Mississippi River Transmission Corporation for $305 million in 1986, providing access to new service territories in western Illinois and St. Louis, Missouri. In 1988 Arkla acquired Entex, Inc. through a $500 million stock swap.
It was Arkla’s largest merger to date, Entex serving about 1.2 million customers in the Houston metropolitan area and more than 500 other markets in the Gulf of Mexico region. In 1989 Arkla bought Louisiana Intrastate Gas for about $170 million, adding 1,900 miles of pipeline–the largest intrastate system in Louisiana.