Energy Transfer Bolts NYSE for New Texas Stock Exchange

Energy Transfer, one of the biggest midstream players in the country and a familiar name to Marcellus/Utica landowners thanks to the Revolution and Mariner East systems, announced last week that it is pulling its primary stock listing off the New York Stock Exchange and moving it to the brand-new Texas Stock Exchange (TXSE) in Dallas. Three affiliated companies are going with it. Together the four represent close to $100 billion in market value — the largest chunk of listing business the NYSE has ever lost to a startup rival. Before you declare the end of Wall Street, though, there's an asterisk the size of Texas attached to this one.

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