The Gas Of Houston Natural Gas

Enron went into debt during the merger. Enron right from the start was forced to come up with a new way to make money and pay off their debts. Enron shortly after lost its exclusive pipeline rights and Kenneth Lay had a huge problem and need a solution, he enlisted the help of Jeremey Skilling from Mckinsey & Co to help come up with a solution. His solution was to build a ‘Gas Bank’. This was a concept that Enron would buy gas from network suppliers then sell it directly to consumers under a contract which would guarantee supply and price. This revolutionary idea lead to Skilling’s Employment at Enron in 1990 in a new division called Enron Finance Corp. Enron Finance Corp. had the responsibility of gaining access to suppliers and getting clients to sign contracts. They began to dominate the market and with such market power they were able predict future prices

Enron began as a pipeline company in Houston in 1985. It profited by promising to deliver so many cubic feet to a particular utility or business on a particular day at a market price.

Enron Corporation was once known as Northern Natural Gas Company, Founded in 1932 in Omaha, Nebraska as a provider of natural gas. Through its early stages, Northern Natural Gas Company was unsuccessful in their business venture. They experienced problems in persuading consumers to use natural gas to heat their homes because of fear that natural gas leaks lead to explosions. Thanks to the great depression, many people were taking the risk because of how relatively cheap natural gas was. As the company’s revenues and profit grew, northern began to acquire many of its smaller competitors resulting in their apparent growth as a company. In 1947 its stock was listed on the New York stock exchange, providing the company with more finances which it needed to continue its growth in acquiring its competitors to becoming the largest natural gas supplier in the United States.

Hydrocarbons: Hydrocarbons are a form of organic compounds consisting exclusively of hydrogen molecules and carbon molecules. Classes of this composite entail: arenes, alkynes, alkenes, and alkanes. Hydrocarbons are chief workings of natural gas, oils, and pesticides, which can lead to some negative effects on the environment.

ENRON was established back in 1985 as an interstate pipeline company following the federal deregulation of natural gas pipelines. It was born from the merger of Houston Natural Gas and Omaha based InterNorth, a Nebraska pipeline company.

The predecessor of Enron Corporation was an Omaha-based natural gas company created in 1930; steady growth in profits and sales and numerous acquisitions allowed Enron to become the largest natural gas company in the United States by the mid-1980s.

Headquartered in Houston, Texas, Enron was one of fortune 500 top companies ranking in at number 7 by 2000. During their 7 year tenure, Fortune named Enron one the Most Innovative companies 6 of those 7 years. Enron is known for its Natural gas and Electricity expanding a total of 36,000 mile radius. Enron formed as a merger of two companies. Houston Natural Gas, which concentrated on its production and exploration of gas to retail businesses during 1976 and by 1984, Houston Natural Gas, had reached sale and assists totaling a whopping $5.7 billon with profits of $123 million dollars. Formally known as Northern Gas Company back in 1930, the other merger was InterNorth. Northern Gas Company originated in Omaha, Nebraska. The merge begin when,

Enron began by merger of two Houston pipeline companies in 1985, although as a new company Enron faced a lot of financial difficulties in the starting years, though the company was able to survive these financial problems (Enron Ethics, 2010). In 1988 the deregulation of the electrical power markets came into action and flipped the company from up to down, after deregulation company business updated from delivering energy to becoming an energy broker and soon after this Enron once a company struggling

Enron Corp. was an American organization based in Houston which had its interest in Natural Gas, Electricity, Communications, Pulp and Paper. It was formed after the federal deregulation of natural gas pipelines, by merging Houston Natural Gas company and InterNorth by Kenneth Lay in 1985. This company grew at a very fast pace, from a pipe line company in the 1980’s to become the world’s largest energy trader. Enron was named ‘America’s Most Innovative Company’ by Fortune for six consecutive years. Before it filed for bankruptcy on Dec 2, 2001, Enron was considered a very big player in the market, which claimed revenues of $111 billion during 2000.

In 1985, Houston Natural Gas and InterNorth, a natural gas pipeline company, merged, and Lay became CEO of both houses. In 1986, after many changes and more growth, the firm changes its name to Enron and relocated to Lay’s hometown of Houston, Texas. At this time Enron was both a natural gas and oil company. The company specialized in the moving of natural gas through its pipelines, extending thousands of miles across the continental United States. As the firm continued to flourish, it reformed its commercial approach by becoming a leading producer and distributer of energy in both the United States and the U.K., as well as becoming more involved in the trading market. Ambition and determination truly carried Enron to new heights, helping it to become one of the most powerful and innovative companies in the United States, even being “voted Most Innovative among FORTUNE'S Most Admired Companies” for “six years running” (Helyar). However, with much success, temptation arose, and good intentions were led astray. Damaging arrogance, risky behavior, and deception ultimately warranted the demise of the mighty Enron.

When many people hear the word Enron, they immediately associate it with the most important accounting scandal of our lifetimes. Enron was an American gas company that began as the Northern Natural Gas Company in 1931. Internorth, a holding company in headquartered in Omaha, Nebraska, purchased the Northern Natural Gas Company and reorganized it is 1979. Enron arose from the 1985 merger of Houston Natural Gas and Internorth. After building a large, new corporate headquarters in Omaha, the new Enron named former Houston Natural Gas CEO Kenneth Lay as CEO of the newly merged company, and soon moved Enron 's headquarters to Houston, Texas. After becoming the newly created top executive, Lay later became chairman of the board

Enron became the largest seller of natural gas in America. In August 2000 Enron stocks reach almost $91 a share. As reported by Li, its annual revenues rose from about $9 billion in 1995 to over $100 billion in 2000 (2010, p.37). It has been more than a decade ago since the Enron scandal in Houston, TX. Enron was also known for one of the largest fraud scandals in American history. After so many years of power and successful deals and contracts, the company suffered a collapse and the company suffered rapidly. Both Lay and Skilling were

Ethics in the business world can often times become a second priority behind the gaining of profits and success as a company. This is the controversial issue that led to the Enron scandal and ultimately the fall of this company. Enron Corporation was an energy company, and in the peaks of their success, they were the top supplier of natural gas and electricity throughout America. Enron Corporation came about from a merger between Houston Natural Gas and InterNorth. Houston Natural Gas was a gas providing company formed in Houston during the 1920’s. InterNorth was a company formed in Nebraska during the 1930’s and owned one of America’s largest pipeline networks. In 1985, Sam Segnar, the CEO of InterNorth bought out Houston Natural Gas for $2.4 billion. A year later in 1986, Segnar retired and was replaced by Kenneth Lay, who renamed the company and created Enron. Enron was the owner of the second largest pipeline in America that measured over 36,000 miles. The company was also the creator of the “Gas Bank”, which was a new way to trade and market natural gas and served as an intermediary between buyers and sellers. As the company continued to develop, it became more of a trader rather than a producer of gas. This trading extended into coal, steel, water and many other areas. One of Enron’s largest successes was their creation of a website called, “Enron Online” in 1999, which quickly became one of the top trading cites in the world. By the year 2000 Enron as a company was

The story of Enron begins in 1985, with the merger of two pipeline companies, orchestrated by a man named Kenneth L. Lay (1). In its 15 years of existence, Enron expanded its operations to provide products and services in the areas of electricity, natural gas as well as communications (9). Through its diversification, Enron would become known as a corporate America darling (9) and Fortune Magazine’s most innovative company for 5 years in a row (10). They reported extraordinary profits in a short amount of time. For example, in 1998 Enron shares were valued at a little over $20, while in mid-2000, those same shares were valued at just over $90 (10), the all-time high during the company’s existence (9).

Enron Corporation was formed as the result of the July 1985 merger of Houston National Gas and InterNorth of Omaha, Nebraska. Their headquarters were located in Houston, TX. In its earlier years, Enron was a