Dallas-based Energy Transfer is expanding its oil and gas pipeline network,
reflecting the strategic ambitions of its executive chairman, Kelcy Warren.
Last week, Warren orchestrated a significant acquisition valued at $7.1
billion, augmenting the company’s infrastructure across several U.S. states and parts of Canada. 

In a move signaling strong confidence in Energy Transfer’s future, Kelcy Warren recently purchased an additional 3 million shares. The
transactions, executed over several days, amounted to nearly $40 million. This
brings Warren’s total holdings to over 103 million shares, a sizable investment
that underscores his commitment to the company he co-founded in 1996. 

Energy Transfer’s latest acquisition involves Houston-based Crestwood Equity Partners, which will
extend the company’s reach into the Williston, Delaware, and Powder River
basins. This expansion includes significant pipeline and storage capacities,
capable of handling 2 billion cubic feet of gas and 340,000 barrels of crude daily. 

As of Tuesday, Energy Transfer shares remained stable at $13, matching the price of Warren’s
recent stock acquisition. This stability indicates market confidence, further
bolstered by Warren’s substantial personal investment. 

Kelcy Warren’s latest moves reflect his ongoing strategy of aggressive growth and
infrastructure expansion. Energy Transfer now operates nearly 125,000 miles of
pipeline across 41 states, making it one of the largest public companies in the
Dallas-Fort Worth area. The company concluded 2022 with revenues nearing $90
billion and profits of approximately $6 billion, reinforcing its status as a
cornerstone of the U.S. energy sector. 

These developments position Energy Transfer for continued influence and expansion in the energy
industry, with Kelcy Warren at the helm steering its course. Refer to this page, for related information. 

More about Kelcy Warren on https://www.txdirectory.com/online/person/?id=63542&office=27672’