• history

  •  Boardwalk Louisiana Midstream, LLC

    Boardwalk Pipeline Partners, LP acquired PL Midstream and renamed it Boardwalk Louisiana Midstream in October 2012. PL Midstream (previously Williams, Petrologistics, Petrologistics Olefins, PL Olefins) was formed in 2004 as a result of the acquisition of an ethylene pipeline system and olefins and natural gas liquids storage assets from Williams, as well as an ethylene pipeline from Exxon. While PL Midstream was formed relatively recently, the Choctaw and Sulphur Hubs have been in operation for decades.

    The Choctaw Hub storage site and a portion of the pipeline system there were originally constructed in 1966 as part of the Geismar ethylene cracker project, which was a joint venture between Allied Chemical (subsequently UTP, ARCO and Williams), Wyandotte Chemical (subsequently BASF) and Marbon Inc. (subsequently Borg-Warner, GE and SABIC).   

    The site of the Sulphur Hub’s origin dates back to the early 1900s when sulfur was mined from the location. Eventually hydrocarbons were discovered, and the location became a major oil and natural gas field. In 1968, UTP developed the first ethylene storage well at the site for the Conoco cracker (currently owned by SASOL).  

     

     Boardwalk Pipeline Partners, LP  

    Loews Corporation (NYSE: L) bought Texas Gas Transmission, LLC in 2003 and Gulf South Pipeline Company, LP in 2004.  These two interstate natural gas pipeline companies were consolidated into a new entity – Boardwalk Pipeline Partners, LP – which went public in 2005. Boardwalk placed into service a third interstate natural gas pipeline company, Gulf Crossing Pipeline Company LLC, in 2009.  In 2011, Boardwalk acquired the Petal and Hattiesburg natural gas storage companies, which were merged into Gulf South in 2015. In 2012, Boardwalk acquired Boardwalk Louisiana Midstream, LLC, which diversified Boardwalk’s operations into the liquids business, serving petrochemical markets in southern Louisiana. In 2014, Boardwalk acquired Evangeline ethylene pipeline system, further expanding Boardwalk’s service offerings to petrochemical customers. In July 2018, Boardwalk became a privately held, wholly owned subsidiary of Loews Corporation.