Inbrgy Midstream Announces Purchase of the Tres Pelacios Gas Storage Facility in Texas; FERC Filing Says Tres Palacios Determined That Leased Caverns Have Storage Capacities That Are Slightly Larger than Authorized

摘要

Inergy, LP's subsidiary, Inergy Midstream, LLC, executed an agreement to purchase Tres Palacios Gas Storage LLC, the owner of the Tres Palacios natural gas storage facility located in Matagorda and Wharton Counties, Texas, for $725 million plus reimbursement of certain capital expenditures and adjustments. Tres Palacios is a wholly-owned subsidiary of NGS Energy LP. Tres Palacios' high deliverability, salt dome natural gas storage facility advertises approximately 38.4 Bcf (updated, see below) of working gas capacity including 27.1 Bcf of current working gas capacity (Caverns 1 and 2) and 11.4 Bcf incremental working gas capacity scheduled to be placed in service shortly (Cavern 3). The facility is expandable by an additional 9.5 Bcf working capacity which Inergy said it would place in service by or before 2014 (Cavern 4).