Perryville Gas Storage LLC Announces A Non-Binding Open Season
HOUSTON, Sept. 2 /PRNewswire/ -- Perryville Gas Storage LLC ("Perryville"), a wholly-owned subsidiary of Cardinal Gas Storage Partners LLC ("Cardinal"), announced today that it will hold a non-binding, 31-day open season to gauge market interest in the remaining available capacity in its 15.0 Bcf multi-cycle, high deliverability, interstate natural gas storage facility currently under construction near Delhi, LA. This strategically located facility will provide access to markets in the Midwest, Northeast and Southeast, including the prolific Perryville/Delhi Hub. Through this non-binding open season, Perryville is soliciting market interest in subscribing to firm storage capacity in its FERC 7(c) Certificated facility and anticipates providing up to approximately eight turn service. Having fully contracted the first 7.5 Bcf, this open season is for the remainder 7.5 Bcf of firm storage capacity. The facility will have the ability to interconnect to Columbia Gulf, Southeast Supply Header (SESH), Tiger Pipeline, Tennessee Gas Pipeline Line 800, Mid-Continent Express (MEP), Gulf South's 42" East Texas to Mississippi Expansion, Texas Gas Transmission, CenterPoint Energy Line CP, Trunkline, ANR, and Regency Intrastate Pipeline.
"The continued growth of the East Texas/ North Louisiana shale development, combined with the large amount of pipeline infrastructure completed in this area further strengthens our belief that the Perryville/Delhi Hub will play a dominant role in our nation's natural gas supply needs" said Jeff Ballew, President and CEO of Cardinal. "We are pleased with the construction progress to date and we are excited to be the first HDMC storage facility for this strategic and dynamic location."
The non-binding open season begins at 8:00 am CDT on Tuesday, September 7, 2010 and will end at 5:00 pm CDT on Wednesday, October 6, 2010. A completed Perryville Expression of Interest Form should be faxed to Kevin Holder at 713-350-2557 by 5:00 pm CDT on October 6, 2010. The Expression of Interest Form, maps and other information can be found on the Perryville web site at www.perryvillegasstorage.com or by contacting Kevin Holder at 713-350-2507 or 214-300-1876 and email @ ( firstname.lastname@example.org) or Brandy Clark at 713-350-2504 and email @ ( email@example.com).
Cardinal is a joint venture between Martin Resource Management Corporation ("MRMC") and funds controlled by Energy Capital Partners, LLC ("ECP") and is focused on the development, construction, operation and management of natural gas storage facilities throughout North America. Cardinal also owns Arcadia Gas Storage, LLC and Cadeville Gas Storage LLC and is in the process of developing additional natural gas storage facilities in North America. For more information, visit www.cardinalgs.com.About Martin Resource Management Corp MRMC is a leading independent provider of transportation, terminalling, marketing and logistics management services for the energy and petrochemical industries. The company, headquartered in Kilgore, Texas, markets hydrocarbon products and by-products through facilities located throughout the Gulf Coast region. In addition, MRMC owns a 100% general partner interest and a 35% limited partner interest in Martin Midstream Partners L.P. (Nasdaq: MMLP). For more information, visit www.themartincompanies.com. About Energy Capital Partners Energy Capital Partners is a private equity firm with offices in Short Hills, New Jersey and San Diego, California. ECP is focused on investing in the power generation, electric transmission, midstream gas and renewable energy sectors of North America's energy infrastructure. The fund's management has substantial experience leading successful energy companies and energy infrastructure investments. For more information, visit www.ecpartners.com. SOURCE Cardinal Gas Storage Partners LLC
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV