Kelcy Warren, the co-founder and executive chairman of Energy Transfer,
has made a significant impact on the energy sector. In less than three decades,
Warren established a pipeline empire that continues to expand with each new
acquisition. 

Warren’s journey in the industry began in rural East Texas, where his father worked as a pipeline
field hand. He began his career at Lone Star Gas Co. before moving on to
Endevco, a pipeline and refining company. When Endevco faced financial
difficulties, Warren was tasked with finding a buyer for the company. This
experience would prove instrumental as he teamed up with investors Ray C. Davis
and Ben Cook to purchase and subsequently sell Endevco for a significant
profit. 

From the proceeds, Warren, Davis, and Cook established Energy Transfer in 1996, starting with
approximately 200 miles of East Texas natural gas pipelines. Kelcy Warren proved adept at identifying and seizing opportunities,
particularly during the Enron collapse when many assets were put on sale as
other companies struggled. 

While Energy Transfer initially focused on natural gas pipelines, Warren recognized the need
to diversify as natural gas prices plummeted. As a result, the company expanded
into the natural gas liquid (NGL) space, acquiring Louis Dreyfus Highbridge
Energy. This acquisition marked the beginning of a series of strategic moves. 

Kelcy Warren’s knack for strategic acquisitions was further demonstrated when he led Energy
Transfer’s acquisition of Sunoco for $5.3 billion, a deal that held sentimental
value for Warren as his father had spent his career there. This acquisition
marked Energy Transfer’s entry into the crude oil sector and set the stage for
future growth and expansion. 

Under Kelcy Warren’s leadership, Energy Transfer has become a key player in the energy
sector, consolidating the midstream sector with strategic acquisitions
including Enable Midstream, Lotus Midstream, and Crestwood Equity Partners.
Despite the company’s impressive growth, Warren’s focus remains on making
Energy Transfer more efficient and expanding into new markets. With his
forward-thinking approach and strong leadership, Kelcy Warren is leading Energy
Transfer to new heights in the energy sector. Read this article for additional information. 

Find more information about Kelcy Warren on https://www.dallasnews.com/business/2023/08/22/billionaire-kelcy-warren-puts-down-a-40-million-bet-on-energy-transfer/