HVLLC

Endicott Biofuels and Davy Process Technology Partner to Build Next Generation Biodiesel Facilities

noemail@hvllc.com — Wed, 04 Jun 2008 20:00:00 GMT

ENDICOTT BIOFUELS, LLC AND DAVY PROCESS TECHNOLOGY LTD ENTER INTO A TECHNICAL COLLABORATION TO BUILD NEXT GENERATION BIODIESEL FACILITIES IN THE U.S. London and Houston – (June 5, 2008) – Endicott Biofuels, LLC (EBF) and Davy Process Technology Limited (DPT), a Johnson Matthey company, announced today that the two companies have entered into a long-term, multi-plant, technical collaboration to develop the next generation of biodiesel facilities in the United States. Under the agreement, EBF will be licensed to use DPT’s esterification technology in North America for a class of biodiesel plants that will be feedstock flexible, using non-food feedstocks, such as non-edible agricultural process waste products. The agreement provides for multiple plants and the sharing of intellectual property developed from the technical collaboration. EBF is currently developing its first facility, a state-of-the-art plant to produce 100,000 metric tons per year (30 million gallons) of fatty...

Bobcat Announces New Additions

noemail@hvllc.com — Fri, 07 Mar 2008 16:30:00 GMT

HOUSTON, Texas (March 6, 2008) – With the goal of moving its high-deliverability natural gas storage facility forward to the operations phase, Bobcat Gas Storage (Bobcat) recently added David H. Saindon as Chief Financial Officer and Dr. Masoud J. Kasraian as Senior Vice President of Marketing and Asset Optimization to its management team. These two additions to the Bobcat team will help position Bobcat to smoothly transfer from facility construction to facility operations and will allow Bobcat to actively pursue its short term storage and hub service business. David was a summa cum laude graduate of Texas Tech University with a degree in accounting and finance. He has over 10 years of experience in the energy including his most recent assignment as Vice President of Finance of Lodi Gas Storage, LLC. At Bobcat, David will be responsible for all financial aspects of Bobcat’s business including accounting and finance. Masoud obtained a Ph.D. in electrical engineering and a MBA...

FERC Approves the Calhoun LNG Terminal

noemail@hvllc.com — Fri, 21 Sep 2007 15:00:00 GMT

Houston – September 21, 2007 – Gulf Coast LNG Partners, L.P. (“GCLP”) announced today that the Federal Energy Regulatory Commission (FERC) has issued the order granting authorization under the Natural Gas Act for the siting, construction and operation of the Calhoun LNG facility.

“The FERC Order concludes a critical phase for our project, as it has now passed the very stringent environmental, technical and regulatory review by FERC” said Rafael Garcia, GCLP’s Executive Vice President of Asset Development. “We are very excited about this decision and thank the FERC and all the cooperating agencies for their hard work and support.”

“With completion of this major milestone for the Calhoun LNG terminal we are now able to transition our ongoing commercial efforts to the next level and are now in a much better position to conclude ongoing commercial negotiations with terminal users in the near future.” added John Godbold, GCLP’s President.

The Calhoun LNG terminal to be located at The Port of Port Lavaca – Point Comfort, Texas will have two 160,000 cubic meter full containment storage tanks with the ability to process 1.0 billion cubic feet (Bcf) per day of natural gas. The proposed Point Comfort Pipeline originating at the terminal will include about 27 miles of 36-inch pipeline, designed to transport 1 Bcf/d and will connect with nine major pipelines including 5 interstate and 4 intrastate pipeline systems serving Texas and the Midwest, Northeast, and Southeast regions of the country.

Gulf Coast LNG Partners, L.P. is a Houston-based partnership formed between Gulf Coast LNG, LLC and Haddington Energy Partners II, LP, a private equity fund managed by Haddington Ventures, LLC. Additional information about Gulf Coast LNG Partners, L.P. and the Calhoun LNG and Point Comfort Pipeline projects may be found at www.calhounlng.com.

Haddington Ventures provides capital to the energy industry, including mid-stream oil and natural gas companies and electric generation, transmission, and distribution companies, with a focus on natural gas storage, gathering and processing, and other midstream activities.

Endicott Biofuels Completes $40 Million Financing for Construction

noemail@hvllc.com — Mon, 10 Sep 2007 15:00:00 GMT

Houston, Texas (September 10, 2007) – Endicott Biofuels, LLC (EBF) announced today that it has closed a $40 million private equity financing for the construction of a second generation technology biodiesel and bio-derived products plant that will feature a high level of feedstock flexibility. The full equity financing commitment, provided by Haddington Energy Partners III LP, will allow EBF to proceed quickly through the construction and commercial operation of this first plant. EBF plans to build additional bio-fuel and bio-derived product facilities throughout the U.S. within the next two to five years. It expects to break ground in 2008 on its first plant and intends to wholesale the fuel to the developing bio-fuel brokerage market. EBF is also looking to develop relationships with potential feedstock suppliers and fuel purchasers, such as large diesel fuel consumers or large oil companies. Biodiesel can be used at 100 percent concentration as a petroleum diesel substitute, or...

FERC Issues Final Environmental Impact Statement for the Calhoun LNG Terminal

noemail@hvllc.com — Fri, 10 Aug 2007 15:00:00 GMT

Houston – August 10, 2007 – Gulf Coast LNG Partners, L.P. (“GCLP”) announced today that the Federal Energy Regulatory Commission (FERC) issued the Final Environmental Impact Statement (FEIS) for the Calhoun LNG receiving terminal and associated pipeline. In the FEIS, FERC concluded that the construction of the Calhoun LNG project, with appropriate mitigating measures as recommended, would be an environmentally acceptable action.

“The FEIS is an important milestone for the project” said Rafael Garcia, GCLP’s Executive Vice President of Asset Development. “Issuance of the FEIS clears the last step in FERC’s environmental review process before FERC may issue an order granting authorization under the Natural Gas Act for the siting, construction and operation of the Calhoun LNG facility.” John Godbold, GCLP’s President, also commented “the successful advancement on the regulatory front complements our progress in securing terminal users for the Calhoun LNG project.”

The Calhoun LNG terminal to be located at The Port of Port Lavaca – Point Comfort, Texas will have two 160,000 cubic meter storage tanks with the ability to process 1.0 billion cubic feet (Bcf) per day of natural gas. The proposed Point Comfort Pipeline originating at the terminal will include about 27 miles of 36-inch pipeline, designed to transport 1 Bcf/d and will connect with nine major pipelines including 5 interstate and 4 intrastate pipeline systems serving Texas and the Midwest, Northeast, and Southeast regions of the country.

Gulf Coast LNG Partners, L.P. is a Houston-based partnership formed between Gulf Coast LNG, LLC and Haddington Energy Partners II, LP, a private equity fund managed by Haddington Ventures, LLC. Additional information about Gulf Coast LNG Partners, L.P. and the Calhoun LNG and Point Comfort Pipeline projects may be found at www.calhounlng.com.

Haddington Ventures provides capital to the energy industry, including mid-stream oil and natural gas companies and electric generation, transmission, and distribution companies, with a focus on natural gas storage, gathering and processing, and other midstream activities.

Bobcat Seeks to Expand Capacity of Its First Two Caverns and Plans 3Q '07 Open Season

noemail@hvllc.com — Thu, 26 Jul 2007 19:00:00 GMT

HOUSTON--(BUSINESS WIRE)--Bobcat Gas Storage (Bobcat) announced today that it will file with FERC for authorization to expand its first two caverns from 6.75 Bcf to 7.8 Bcf working gas capacity each. Bobcat has completed the drilling of its first storage cavern well and will immediately commence leaching operations with an expected in service date of October 2008. Bobcat currently has FERC authorization to construct two natural gas storage caverns with a working gas capacity of approximately 6.75 Bcf per cavern. Since the original authorization, additional testing has revealed that the Bobcat salt is capable of supporting a larger amount of working gas per cubic foot than originally anticipated, permitting greater operational efficiency and resulting in a substantially higher level of working gas capacity than previously planned. Bobcat also announced that it plans to hold an open season in the 3rd quarter of 2007 for the anticipated 7.8 Bcf of working gas capacity from its second...

Haddington Ventures Announces Resignation of Co-Founder Larry Bickle

noemail@hvllc.com — Thu, 03 May 2007 15:00:00 GMT

Houston, Texas May 3, 2007 -- Haddington Ventures, L.L.C. announced today that it has accepted the resignation of Dr. Larry W. Bickle, Principal and Managing Director, and has entered into an agreement to purchase Dr. Bickle’s interest in Haddington and various affiliates.

Dr. Bickle said he plans to spend time in the future at the operating company level mentoring young people. “As an engineer and an entrepreneur by background, I look forward to getting back to my roots of building projects and growing people,” he said. “My goal is to help younger entrepreneurs learn how to interact appropriately with high quality sources of capital such as Haddington.”

Dr. Bickle co-founded Haddington with Chris Jones, John Strom and Scott Jones in 1998. Previously, Dr. Bickle was Chairman and Chief Executive Officer of Tejas Power Corporation (TPC), which he co-founded in 1984. TPC became a major participant in the deregulated natural gas marketing, pipeline and storage business prior to its purchase by PacifiCorp in 1997.

“We wish Larry the best in his new ventures,” said Managing Director Chris Jones. “Our team has worked together for more than 20 years, and in that time, we have provided outstanding returns to investors, meaningful employment to hundreds of people and had a lot of fun ourselves.”

KOGAS, LG International, and EMS Group join forces with Gulf Coast LNG Partners, LP in the Calhoun LNG Project

noemail@hvllc.com — Thu, 22 Mar 2007 15:00:00 GMT

Houston, 22 March 2007 – To meet the challenge of the growing demand for natural gas in the United States and to provide a safe, reliable, long-term, and competitive source of energy, Gulf Coast LNG Partners, L.P. (GCLP) is developing a Liquefied Natural Gas (LNG) receiving, storage, and re-gasification facility at The Port of Port Lavaca - Point Comfort, (the Calhoun LNG Terminal Project). GCLP announced today that it is has executed a Memorandum of Understanding (MOU) for the Consortium of KOGAS, LG International, and Houston based EMS Group (Port Lavaca LNG Services, LLC) to be the Operator for the Calhoun LNG Terminal. The Consortium has also agreed to participate as an equity owner in the Calhoun LNG Terminal. The Port Lavaca LNG Services Consortium members collectively bring extensive Operations & Maintenance (O&M) experience and capabilities and commercial and technical expertise in the LNG business to Calhoun LNG. KOGAS is the largest buyer of LNG today, as...

GE Unit Makes First Investment in Natural Gas Storage, Expanding Its Midstream Assets

noemail@hvllc.com — Wed, 21 Feb 2007 17:15:00 GMT

PORT BARRE, La. and HOUSTON, Feb. 21, 2007 – GE Energy Financial Services, a unit of General Electric (NYSE: GE), is making its first investment in natural gas storage, acquiring a preferred equity interest in an underground salt dome storage project in Louisiana for $65 million from Haddington Energy Partners III LP, a Houston-based, energy-focused private equity fund. The investment, which will also help cover the project’s capital expenditures, enables GE Energy Financial Services to expand in midstream energy, where it already co-owns pipelines, retail distribution and gas processing assets. The Bobcat gas storage project -- which the fund’s sponsor, Haddington Ventures, LLC, sourced and developed -- is strategically located in St. Landry Parish, Louisiana, 45 miles from Henry Hub, the clearing point for NYMEX natural gas futures contracts and the most liquid trading point in the natural gas over-the-counter and cash markets. GE Energy Financial...

Haddington Ventures to Fund Tristream Energy's Growth in Midstream Energy Sector

noemail@hvllc.com — Tue, 13 Feb 2007 17:15:00 GMT

Sugar Land, Texas (February 13, 2007) – Haddington Ventures, L.L.C and Tristream Energy, LLC announced today that Haddington Ventures has made a majority equity investment in Tristream to fund its growth in the midstream energy sector. Tristream Energy develops, acquires and operates midstream infrastructure downstream of producer facilities in major U.S. producing basins. Tristream management is experienced in the full range of midstream operations including onshore and offshore gathering, conventional/non-conventional gas, nitrogen rejection, compression, hydrocarbon or acid gas reinjection, gas treating, processing, product fractionation and storage. Tristream Energy is led by Ken Purgason, President and CEO, Tony Catalano, Executive Vice President and COO and Mike Urban, CFO. These experienced energy executives were most recently associated with the highly successful Sago Energy, LP, a midstream energy company also backed by Haddington Ventures. In 1998, Messrs....

Endicott Biofuels, LLC

Wed, 16 Jul 2008 20:25:08 GMT

Investment Entity: Endicott Biofuels, LLC Geography: Louisiana Sector: Alternative Energy Investment Fund: Fund III Initial Investment: June 2007 In December 2007, the Energy Independence and Security Act of 2007 was signed into law, creating a renewable fuels mandate of 36 billion gallons by 2022. With oil prices trending higher, the economic incentives are strong to find new sources of domestic renewable energy, which reduce dependency on foreign oil and reduce the U.S. carbon footprint. With an energy balance much more favorable than that of ethanol, Haddington views biodiesel as an attractive long term component of the U.S. domestic fuel industry. Endicott is engaged in building a world class manufacturing enterprise and plans are underway to build, construct, and operate multiple biodiesel plants throughout the United States. After an extensive review of available technology and taking into account the feedstock preferences and potential overbuilding of the current...

Active Investments

Wed, 16 Jul 2008 20:17:47 GMT

CAES Development Company - Electric Storage / Power Gen

Gulf Coast LNG, LP - LNG Re-gasification

IACX Energy, LLC - Nitrogen Rejection and Gas Gathering

Port Barre Investments, LLC - Gas Storage

Tristream Energy, LLC - Gas & Oil Gathering, Processing, and Transport

Endicott Biofuels, LLC - Biodiesel Production

Proven Track Record

Wed, 27 Feb 2008 17:22:28 GMT

In total, the Principals have over 100 years of combined experience in the midstream energy sector. The Principals believe their experience represents a significant competitive advantage relative to many of their competitors and enables them to pursue a much broader set of opportunities within the midstream sector. In particular, the Principals believe they are well positioned either to buy or build midstream assets. It is important to note that this buy and/or build strategy is very consistent with their historical experience. The TPC Principals, J. Chris Jones, and John A. Strom, completed over $175 million of midstream acquisitions and developed another $226 million of midstream assets. The TPC Principals generated a 65% IRR and a 5.9x multiple of investment to the original venture capital investors and an average 34.0% IRR across all rounds of equity raised by TPC in its 13 year operating history.

Haddington Ventures Team

Wed, 27 Feb 2008 17:18:05 GMT

Haddington is unique in that it is the only midstream energy fund in which all principals have substantial direct operating experience. The Haddington principals, J. Chris Jones, M. Scott Jones, John A. Strom and Jim P. Wise (collectively, the Principals), have over 100 years of combined experience in the midstream energy sector. The Principals bring complementary disciplines to the Fund, including engineering, managerial, marketing, corporate finance, accounting and legal expertise, and collectively possess a comprehensive understanding of the landscape of U.S. midstream assets, as well as sector trends, key technologies and regulatory issues. The Principals believe their experience represents a significant competitive advantage relative to many of their competitors and enables them to pursue a much broader set of opportunities within the midstream sector. In managing the Fund, the Principals will target situations in which they can use their operating experience to purchase smaller,...

Sam H. Pyne

Wed, 27 Feb 2008 17:05:20 GMT

Sam H. Pyne - joined Haddington in January 2007 as an Associate, to assist with the evaluation and execution of new investment opportunities, macro level industry analysis, and ongoing portfolio company initiatives.

Prior to joining Haddington, Sam worked as an associate analyst at Howard Weil, Inc where he performed in-depth industry and company analysis across the midstream, MLP, and power sectors. Prior to Howard Weil, Sam worked in several engineering and operational roles. From 1996 until 1999, Sam worked as a process engineer at a Lyondell petrochemical facility. In 1999, Sam co-founded an Internet technology company and successfully sold the company in mid-2000. In 2001, Sam helped found another ongoing venture funded startup where he worked until 2003.

Sam is a Summa Cum Laude graduate from Tufts University in 1996 with a BA in Quantitative Economics and a BS in Chemical Engineering. In 2005, Sam earned his MBA from Rice University.

James K. Lam

Wed, 27 Feb 2008 17:02:03 GMT

James K. Lam - has been with Haddington since July 2001. Mr. Lam is responsible for sourcing investment opportunities and assisting the partners of Haddington in financial analysis and transactional due diligence.

Since working at Haddington, Mr. Lam has been an integral team member in the following transactions: the funding of the Tristream Energy team in 2007, the acquisition of IACX Energy in 2006, the acquisition of the Bobcat gas storage project in 2005, the Sale of Western Hub Properties in 2005, Sago Energy’s acquisition of the Jameson West Texas assets in 2003, the sale of Sago Energy in 2004, the acquisition of Gulf Coast LNG in 2004, and the resolution of the Nations Energy investment in 2004. Mr. Lam currently resides on the Board of Managers of IACX Energy and Tristream Energy.

Prior to joining Haddington, Mr. Lam worked for a combined 5 years in investment banking in the natural gas research groups of Merrill Lynch and Jefferies & Co. Mr. Lam was responsible for maintaining comprehensive research coverage on the energy merchant conglomerates, integrated natural gas companies, natural gas local distribution companies, natural gas gatherers and processors, and pipeline master limited partnerships. Mr. Lam was an Assistant Vice President at Merrill Lynch and an Analyst at Jefferies & Co.

Mr. Lam has a BBA in finance from the University of Houston.

David R. Marchese

Wed, 27 Feb 2008 16:48:37 GMT

David R. Marchese - joined Haddington in June 2006 as a Vice President, assisting with deal sourcing, transactional work, and portfolio company management. Previously Dave was a managing partner at Eschelon Energy Partners, a Houston based private equity fund targeting investments across the energy value chain.

At Eschelon Energy Partners, Dave developed bids and financing plans for several asset acquisitions and business plans. Projects included power generation, natural gas storage, natural gas distribution, in-plant specialty services, and pipeline maintenance and construction. In addition, Dave led many of Eschelon’s institutional investor relations and marketing efforts. As part of the development of Eschelon’s Private Placement Memorandum, Dave developed Eschelon’s market analysis and supply and demand curves. During that time, Dave also worked as a consultant for Eschelon Advisors, including assessment of private equity investment opportunities for family office investors and technical consulting for sell-side equity research firms.

Prior to co-founding Eschelon, Dave was with Reliant Energy’s $125 million private equity and venture capital arm. While at Reliant Dave was also the lead manager in the divestiture of two subsidiaries and a manager in Reliant Energy’s Market Based Structuring Group. In Structuring, Dave was responsible for pricing full requirements energy transactions, swaps, options and tolling agreements on coal, oil, natural gas, and dual fuel power plants in the US. During his career at Reliant he worked in all of the deregulated Eastern US power markets. Additionally, he followed green requirements markets, emissions markets, and transportation and delivery costs for fuel oil and gas.

Before earning his Masters of Business Administration at Vanderbilt University, Dave worked in the engineering and construction of petrochemical facilities as a Chief Field Engineer with Jacobs Engineering, a worldwide leader in providing services to the entire energy value chain. He also holds a Bachelors of Engineering from Vanderbilt University.

Tristream Energy, LLC

Fri, 11 May 2007 22:07:59 GMT

Investment Entity: Tristream Energy, LLC Geography: Lower 48 States Sector: Gas & Oil Gathering, Processing, and Transport Investment Fund: Fund III Initial Investment: January 2007 Haddington is pleased to be the sponsor of Tristream Energy, LLC. Haddington has agreed to provide capital to Tristream to fund the acquisition and/or construction of gathering, processing, treating and other midstream energy infrastructure assets in the lower 48 states. The management team consists of Ken Purgason, Tony Catalano and Mike Urban, previously of Sago Energy, a highly successfully Fund I and Fund II portfolio company. Haddington has a long track record of creating value with the Tristream principals, and look forward to continuing this relationship in Fund III. Haddington believes Tristream is unique in that they are a producer focused midstream company that’s capable in executing on both greenfield developments and acquisitions. They have managed small and large scale gas...

Principals/Managing Directors

Fri, 04 May 2007 20:00:46 GMT

Managing Directors J. Chris Jones Focuses on acquisitions, financing and administrative issues. Formerly employed by Fisk Electric Company and Price Waterhouse. Former COO and CFO of TPC; 25 years of business experience. John A. Strom Focuses on sales, marketing and regulatory issues. Formerly employed by Fish Engineering and Union Carbide. Co-Founder and former President of TPC; 26 years of business experience. Jim P. Wise Focuses on evaluation, coaching and mentoring of management teams, acquisitions and financing structures. Over 39 years business experience with among others: Transco Energy Company, Houston Natural Gas Corp., four successful IPOs, and over 150 acquisitions. M. Scott Jones Oversees legal and administrative issues for Haddington Ventures & portfolio companies. Former Vice President and General Counsel of TPC; 23 years of general corporate and...

Gregory Brown

Tue, 23 Jan 2007 20:46:14 GMT

Mr. Brown has served as Haddington's controller and treasurer since August 2006. He is responsible for financial and tax reporting for Haddington and its related entities and assists in due diligence efforts and investor communications. Mr. Brown has over 30 years of diversified experience as a partner in a leading Houston public accounting firm and as a financial officer for several companies. He has provided results-oriented services to many businesses and executives in a broad range of industries.

Mr. Brown received a BBA in Accounting from the University of Texas at Austin. He is a certified public accountant licensed in Texas and a member of the American Institute of Certified Public Accountants and the Texas Society of Certified Public Accountants.