Midstream - Storage | Capital Markets | Private Equity Activity
Cardinal Gas Storage Facility Put in Service
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Cardinal Gas Storage Partners LLC has reported that two of its wholly-owned interstate natural gas storage subsidiaries, Cadeville Gas Storage LLC and Perryville Gas Storage LLC have commenced service as of May 1, 2013.
Cadeville, a depleted reservoir storage facility, provides approximately 17.0 billion cubic feet (BCF) of working gas capacity. Additionally, Perryville is expected to initially provide approximately 8.5 BCF of working gas capacity from its first salt dome cavern.
"We are pleased to announce the completion of Cadeville and Perryville, having placed both facilities in service on schedule, under budget and fully contracted," said Jeff Ballew, President and CEO of Cardinal. "This is unprecedented in today's environment for storage development and is a testament to the hard…
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