Manges liquidating in texas
This growth was largely seen from the exploitation of unregulated Texas natural gas market and the commodity surge in the early 1970s.
Towards the end of the 1970s HNG's luck began to run out with rising gas prices forcing clients to switch to oil. Matthews briefly took over as CEO in a 3-year stint with initial success but ultimately saw a big dip in earnings that led to his exit.
Enron Corporation was an American energy, commodities, and services company based in Houston, Texas.in 1925 to provide gas to customers in the Houston market through the building of gas pipelines.Under the leadership of CEO Robert Herring from 1967 to 1981, the company became a large dominant force in the energy sector with a large pipeline network as a result from prosperous period of growth in the early to mid 1970s.One of Enron's primary predecessors was the Northern Natural Gas Company, which was formed in 1930, in Omaha, Nebraska just a few months after Black Tuesday.The low cost of natural gas and cheap labor supply during the Great Depression helped to fuel the company's early beginnings.
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Enron has since become a well-known example of willful corporate fraud and corruption.