HOUSTON, Oct. 14, 2013 (GLOBE NEWSWIRE) -- Cardinal Gas Storage Partners LLC ("Cardinal") announced today the start of non-binding open seasons, beginning Wednesday, October 16, 2013 and running through Friday, November 1, 2013, 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 for approximately 6.0 Bcf of firm storage capacity at Arcadia and up to 2.5 Bcf of firm capacity at Monroe, both beginning April of 2014.
These non-binding open seasons begin at 8:00 am CDT on October 16, 2013 and will end at 5:00 pm CDT on November 1, 2013. A completed Arcadia Expression of Interest Form and/or a Monroe Expression of Interest Form should be faxed to Brandy Clark at 713-350-2554 by 5:00 pm CDT on November 1, 2013. 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 Brady Clark at 713-350-2504 and email at firstname.lastname@example.org.
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. For more information, visit www.cardinalgs.com.
About Redbird Gas Storage LLC
Redbird is wholly-owned by Martin Midstream Partners L.P. (Nasdaq:MMLP) and invests in natural gas storage related opportunities through its ownership interests in Cardinal. MMLP is a publicly traded limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region. MMLP's primary business lines include: terminalling, storage and packaging services for petroleum products and by-products; NGL distribution services and natural gas storage; sulfur and sulfur-based product handling, processing, manufacturing, marketing and distribution; and marine transportation services for petroleum products and by products. Additional information concerning MMLP is available on its website at www.martinmidstream.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.
Cardinal Gas Storage Partners LLC Dan Hannon 713-350-2510