The company conducts both regulated and nonregulated operations through five segments: Pipelines, Production, Marketing and Trading, Power, and Field Services.
The Pipelines segment owns or has interests in approximately 56,000 miles of pipeline and approximately 420 billion cubic feet of storage capacity, providing customers with interstate natural gas transmission and storage services.
The Production segment had interests in approximately 3.
6 million net developed and undeveloped acres; and approximately 2.
2 trillion cubic feet of natural gas equivalents of proved natural gas and oil reserves worldwide, as of December 31, 2004.
The Marketing and Trading segment markets its natural gas and oil production.
The Power segment owns and operates international and domestic power generation facilities, as well as the restructured power contracts.
The Field Services segment conducts midstream activities, which include gathering and processing of natural gas for natural gas producers, primarily in the south Louisiana production area.
El Paso was founded in 1928.
It was formerly known as El Paso Natural Gas Company and changed its name to El Paso Corporation in 2001.
The company is headquartered in Houston, Texas.
