The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from PR Newswire

Cardinal Gas Storage Partners LLC Announces Non-Binding Open Seasons for Two Facilities

Friday, August 31, 2012

Cardinal Gas Storage Partners LLC Announces Non-Binding Open Seasons for Two Facilities08:00 EDT Friday, August 31, 2012HOUSTON, Aug. 31, 2012 /PRNewswire/ -- Cardinal Gas Storage Partners LLC ("Cardinal") announced today the start of non-binding open seasons, beginning Tuesday, September 4, 2012 and running through Friday, September 28, 2012, for wholly owned subsidiaries, Arcadia Gas Storage, LLC ("Arcadia") and Monroe Gas Storage Company, LLC ("Monroe"). These open seasons will gauge market interest in available capacity at each facility. These strategically located facilities, Arcadia in North Louisiana and Monroe in Mississippi, provide access to markets in the Midwest, Northeast and Southeast.Through these non-binding open seasons, Arcadia and Monroe are soliciting market interest in subscribing to firm storage capacity, and anticipate providing multi-cycle service as requested by the market. These open seasons are each for approximately 6.0 Bcf of firm storage capacity available beginning summer of 2013, and spring of 2013, respectively.These non-binding open seasons begin at 8:00 am CDT on September 4, 2012 and will end at 5:00 pm CDT on September 28, 2012. A completed Arcadia Expression of Interest Form and/or a Monroe Expression of Interest Form should be faxed to Brad Ledbetter at 713-350-2575 by 5:00 pm CDT on September 28, 2012. The Expression of Interest Form, maps and other information can be found on the Arcadia website at www.arcadiagasstorage.com and the Monroe web site at www.monroegasstorage.com, or by contacting Brad Ledbetter at 713-350-2525 and email at brad.ledbetter@cardinalgs.com or Brandy Clark at 713-350-2504 and email at brandy.clark@cardinalgs.com.Cardinal is a joint venture between Redbird Gas Storage LLC ("Redbird") and funds controlled by Energy Capital Partners, LLC ("ECP"). Since its inception in 2008, Cardinal has been focused on the development, construction, operation and management of natural gas storage facilities throughout North America. Cardinal also owns Perryville Gas Storage LLC and Cadeville Gas Storage LLC and is in the process of developing additional natural gas storage infrastructure in North America. For more information, visit www.cardinalgs.com.About Redbird Gas Storage LLCRedbird is a joint venture formed by Martin Resource Management Corporation and Martin Midstream Partners L.P. (Nasdaq: MMLP) to invest in natural gas storage related opportunities through its ownership interests in Cardinal.About Energy Capital PartnersEnergy Capital Partners is a private equity firm with offices in Short Hills, New Jersey and San Diego, California. ECP has over $7 billion of capital commitments under management and is focused on investing in the power generation, electric transmission, midstream gas, renewable energy, oil field services and environmental services 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 LLCFor further information: Cardinal Gas Storage Partners LLC, Dan Hannon, +1-713?350?2510, dan.hannon@cardinalgs.com