Ray Davis

Ray C. Davis is an American businessman. He served as the co-chief executive officer and chairman for Energy Transfer Partners and chairman of Energy Transfer Equity. He is co-owner and co-chairman of the Texas Rangers of Major League Baseball.

  • Ray Davis and fellow billionaire Kelcy Warren founded natural gas distributor and pipeline company Energy Transfer in 1995 and built it into a giant.
  • Davis stepped down as co-CEO in 2007 but still owns 6% of the listed company.
  • In June 2017, despite protests by the Standing Rock Sioux tribe, Energy Partners finished building the $3.8 billion Dakota Access Pipeline.
  • Energy Transfer Partners says the 1,172-mile pipeline could transport 500,000 barrels of oil daily.
  • In 2010, Davis and a group of investors bought the Texas Rangers baseball team for $593 million; it’s now valued by Forbes at $1.55 billion.