March 2003
Houston, TX
Energy Spectrum acquired Pinnacle Natural Gas Company (“Pinnacle”) in April 1997. Pinnacle owned and operated over 50 natural gas gathering and transportation systems, primarily in West Texas, eastern New Mexico, Louisiana and Mississippi. Energy Spectrum provided new equity and access to financing to enable Pinnacle to pursue its growth objectives. During 1998, Pinnacle doubled its asset base through acquisitions and new construction projects. In early 2000, Pinnacle completed construction and commenced operations of a 33-mile, 18-inch pipeline to supply gas to Southern Energy’s Lake Whitney electrical generating facility. In March 2003, Pinnacle was acquired by MarkWest Energy Partners, a subsidiary of MPLX (NYSE: MPLX).
