Boardwalk Pipelines
A United States midstream energy company operating natural gas and natural gas liquids transportation and storage infrastructure.
Last updated October 30, 2026
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Overview
Boardwalk Pipelines is the operating name associated with Boardwalk Pipeline Partners, LP and its principal subsidiary, Boardwalk Pipelines, LP, a United States midstream energy business headquartered in Houston, Texas. The company transports and stores natural gas and natural gas liquids (NGLs), serving utilities, power producers, industrial users, marketers, petrochemical companies, and other energy customers. Its business is concentrated in infrastructure rather than commodity production: Boardwalk generally earns revenue from pipeline transportation, storage, gathering, processing, and related energy-logistics services. The company’s network is anchored in the Gulf Coast and extends through Oklahoma and Arkansas toward markets in the Midwest and the Ohio and Tennessee Valley regions. Its natural-gas assets include interstate pipeline systems and underground storage facilities. The company has also developed NGL transportation and storage operations in Louisiana and Texas, linking Gulf Coast production and processing areas with petrochemical customers. According to the referenced company description, Boardwalk owns approximately 14,365 miles of natural gas and NGL pipelines, underground storage caverns with approximately 205 billion cubic feet of working natural-gas capacity, and NGL storage capacity of about 24 million barrels. Boardwalk’s corporate history reflects the consolidation and expansion strategy of Loews Corporation in the North American midstream sector. Loews acquired Texas Gas Transmission in 2003 and Gulf South Pipeline Company in 2004. Those businesses were brought together in Boardwalk Pipeline Partners, LP, which became publicly traded in 2005. The group subsequently added Gulf Crossing Pipeline Company, natural-gas storage assets in Mississippi, and infrastructure serving Louisiana’s petrochemical industry. Its diversification included Boardwalk Louisiana Midstream and the Evangeline ethylene pipeline system, while Boardwalk Field Services added gathering, compression, dehydration, treating, and processing capabilities. In 2018, Loews acquired the publicly held partnership and took Boardwalk private, after which Boardwalk Pipeline Partners’ New York Stock Exchange listing was delisted. Boardwalk therefore continued as an operating energy-infrastructure business within the Loews corporate group rather than as a separately traded master limited partnership. The company’s strategic role is to provide long-lived, regulated or contracted transportation and storage infrastructure across interconnected U.S. gas markets. Its exposure includes demand for natural gas delivery, underground storage, Gulf Coast petrochemical activity, and the broader reliability requirements of regional energy systems.
History
Boardwalk’s roots lie in Loews Corporation’s expansion into interstate natural-gas infrastructure. Loews purchased Texas Gas Transmission, LLC in May 2003 and Gulf South Pipeline Company, LP in December 2004. These businesses provided the foundation for a broader midstream platform serving the Gulf Coast and downstream markets in the central and eastern United States. The two pipeline companies were consolidated into Boardwalk Pipeline Partners, LP, which went public in 2005 as a master limited partnership. Boardwalk’s initial business centered on the transportation and storage of natural gas. Its systems connected producing regions and storage sites with utilities, industrial customers, power markets, and other interstate gas users. The company subsequently expanded its system and geographic reach, placing Gulf Crossing Pipeline Company LLC into service in 2009. In 2011, Boardwalk acquired the Petal and Hattiesburg natural-gas storage companies. These Mississippi storage operations strengthened the platform’s ability to balance seasonal and regional gas demand. The assets were later combined with Gulf South in 2015, aligning the storage businesses more closely with the wider pipeline system. Boardwalk broadened beyond conventional natural-gas transportation in 2012 through the acquisition of Boardwalk Louisiana Midstream, LLC. This business gave the company a presence in natural gas liquids infrastructure serving the petrochemical industry in southern Louisiana. Boardwalk later acquired the Evangeline ethylene pipeline system in 2014, adding another service connected with Gulf Coast petrochemical production and distribution. The company also developed Boardwalk Field Services, LLC, which operates infrastructure for gas gathering, compression, dehydration, treating, and processing. Its processing plant entered service in June 2013. These capabilities extended Boardwalk’s role upstream and increased the range of services it could provide around its pipeline network. The ownership structure changed materially in 2018. Loews acquired the publicly held Boardwalk partnership, after which Boardwalk became a subsidiary of Loews and its stock was delisted from the New York Stock Exchange. Boardwalk Pipelines Holding Corp., a wholly owned Loews subsidiary, owns all of Boardwalk Pipeline Partners’ capital. The business therefore continued as a private corporate subsidiary rather than as an independently listed master limited partnership. A significant legal development occurred in 2021, when the Delaware Court of Chancery ruled for former partners in Bandera Master Fund LP et al. v. Boardwalk Pipeline Partners LP. The court’s decision awarded approximately $690 million to the former partners, although the case was identified as being under appeal. The dispute forms part of Boardwalk’s post-public-company legal history but does not change its primary operating identity as a U.S. natural-gas and NGL midstream company. Today, Boardwalk’s infrastructure is described as comprising roughly 14,365 miles of natural-gas and NGL pipelines, underground natural-gas storage caverns with approximately 205 billion cubic feet of working capacity, and NGL storage capacity of approximately 24 million barrels. Its natural-gas system originates in the Gulf Coast, Oklahoma, and Arkansas and reaches markets including Tennessee, Kentucky, Illinois, Indiana, and Ohio. Its NGL assets are concentrated in Louisiana and Texas, where they support petrochemical and related industrial demand.
- 2021
Delaware Court of Chancery rules for former partners
[1]The court ruled for former partners in Bandera Master Fund LP et al. v. Boardwalk Pipeline Partners LP and awarded approximately $690 million, subject to appeal.
- 2018
Loews takes Boardwalk private
[1]Loews acquired Boardwalk and made it a subsidiary; Boardwalk Pipeline Partners’ New York Stock Exchange listing was subsequently delisted.
- 2014
Evangeline ethylene pipeline acquired
[1]Boardwalk acquired the Evangeline ethylene pipeline system, expanding its petrochemical-related transportation services.
- 2013
Boardwalk Field Services processing plant enters service
[1]Boardwalk Field Services placed a gas-processing plant into service, complementing gathering, compression, dehydration, and treating operations.
- 2012
Boardwalk enters NGL infrastructure
[1]The acquisition of Boardwalk Louisiana Midstream diversified the company into NGL transportation and storage for southern Louisiana petrochemical customers.
- 2011
Petal and Hattiesburg storage companies acquired
[1]Boardwalk acquired two natural-gas storage companies in Mississippi.
- 2009
Gulf Crossing Pipeline enters service
[1]Boardwalk placed Gulf Crossing Pipeline Company LLC into service, expanding its interstate natural-gas transportation network.
- 2005
Boardwalk Pipeline Partners is formed and goes public
[1]Texas Gas Transmission and Gulf South were consolidated into Boardwalk Pipeline Partners, LP, which became publicly traded.
- 2004
Loews acquires Gulf South Pipeline
[1]Loews acquired Gulf South Pipeline Company, adding a second major interstate natural-gas business to its portfolio.
- 2003
Loews acquires Texas Gas Transmission
[1]Loews Corporation purchased Texas Gas Transmission, establishing one of the principal foundations of its later Boardwalk midstream platform.
Products and positioning
A U.S. midstream infrastructure provider focused on dependable transportation and storage of natural gas, NGLs, and related petrochemical feedstocks across the Gulf Coast and central and eastern markets.
Midstream pipeline transportation
Natural gas transportation
Boardwalk operates interstate natural-gas pipeline infrastructure originating in the Gulf Coast, Oklahoma, and Arkansas and extending toward markets in Tennessee, Kentucky, Illinois, Indiana, and Ohio. The service moves gas between production, storage, market, utility, power-generation, and industrial locations. It is the company’s core midstream offering and is delivered through a large regional pipeline network.
Underground energy storage
Natural gas storage
Boardwalk provides underground storage for natural gas, using storage facilities and caverns to help customers manage seasonal demand, supply variability, and market timing. The company’s described system has approximately 205 billion cubic feet of working natural-gas capacity. Storage assets include facilities associated with Gulf South and the Petal and Hattiesburg businesses.
Natural gas liquids infrastructure · 2012
NGL transportation and storage
Through its Louisiana and Texas infrastructure, Boardwalk transports and stores natural gas liquids for customers in the petrochemical and industrial sectors. The business was expanded through Boardwalk Louisiana Midstream and is described as having approximately 24 million barrels of NGL storage capacity. These assets connect Gulf Coast supply and processing activity with downstream users.
Gas field services · 2013
Gas gathering and processing
Boardwalk Field Services develops and operates infrastructure used to gather, compress, dehydrate, treat, and process natural gas. The business complements the company’s interstate transportation assets by handling gas closer to production and processing points before it enters broader pipeline systems. A Boardwalk Field Services processing plant was placed into service in 2013.
Petrochemical pipeline · 2014
Evangeline ethylene pipeline system
The Evangeline system transports ethylene for petrochemical customers in the Gulf Coast region. Boardwalk acquired the system in 2014 as part of its expansion beyond natural-gas transportation and into infrastructure supporting Louisiana’s chemical and petrochemical industries.
Brand decisions
2021
Response to Delaware partnership litigationOtherBackground
Former partners brought Bandera Master Fund LP et al. v. Boardwalk Pipeline Partners LP before the Delaware Court of Chancery.
Action taken
The court ruled for the former partners and awarded approximately $690 million; the decision was identified as being appealed.
Aftermath
The ruling became a significant legal event in Boardwalk’s history and created a substantial claimed obligation, while the appellate status left the matter unresolved in the referenced material.
Court-awarded amount. $690 million (2021)
2018
Loews acquisition and privatizationM&ABackground
Boardwalk Pipeline Partners had operated as a publicly traded master limited partnership. Loews, through Boardwalk Pipelines Holding Corp., moved to consolidate ownership of the partnership.
Action taken
Loews acquired Boardwalk, making it a wholly owned subsidiary and ending the partnership’s separate New York Stock Exchange listing.
Aftermath
Boardwalk continued operating within the Loews corporate group as a private subsidiary rather than as an independently listed partnership.
Recent events
Boardwalk announces Scott Wexler appointment as CFO[2]
Reported:
Boardwalk Pipelines announced that Scott Wexler joined the company as chief financial officer and senior vice president of corporate strategic development. He will assume the CFO role effective January 1, 2027.
Sources2 sources
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