The Bobcat gas storage project was developed by Port Barre Investments, Haddington Energy Partners III and GE Energy Financial Services. Haddington Energy Partners III is a private equity fund managed by Haddington Ventures.
Located in Port Barre, Louisiana, the project began development in 2006 and entered commercial operation in November 2008. Following the addition of a second cavern in 2009, the facility has working gas storage capacity of approximately 19 billion cubic feet.
Completion of the transaction is subject to approval under the Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions. The transaction is expected to close before year-end 2010.
Haddington Ventures, through its private equity funds, generally makes control-oriented investments in companies focused on gathering, separation, processing, treating, compression, storage and transmission of energy.
