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ENDICOTT BIOFUELS AND HOLLY CORPORATION PARTNER ON A 30MM GALLON-PER-YEAR BIOREFINERY UNDER CONSTRUCTION IN PORT ARTHUR, TEXAS

noemail@hvllc.com — Tue, 24 May 2011 14:00:00 GMT

Houston, Texas (May 23, 2011) - Endicott Biofuels, LLC (EBF) and Holly Biofuels, a wholly-owned subsidiary of Dallas-based petroleum refiner Holly Corporation (NYSE-HOC), announced today the formation of Sabine Biofuels LLC to partner on a 30 million-gallon-per-year biorefinery currently under construction in Port Arthur, Texas. Sabine Biofuels will employ Davy technology which is proven, patent-protected and licensed to EBF in North America. The Port Arthur facility, using this technology, will convert a full range of inedible, renewable fats or oils in any proportion to high quality biodiesel. This joint venture will assist Holly in meeting its biofuel obligations under the federal Renewable Fuel Standard, said George Damiris, Senior Vice President, Supply and Marketing, of Holly. We are looking forward to our partnership with Endicott on this venture, and possibly others in the future. We are extremely pleased to join forces with Holly on...

IACX Energy Announces Gaseous Helium Sales From Its Proprietary, Small-Scale Processing Unit Near Otis, Kansas

noemail@hvllc.com — Sun, 08 May 2011 00:00:00 GMT

DALLAS, May 7 /PRNewswire/ -- Dallas-based midstream natural gas company, IACX Energy, has commenced operations and sales on what is believed to be the world's smallest, mobile, economically viable helium purification plant for natural gas applications. The plant is located near the community of Otis, Kansas (center of the state), and it is being operated in unison with three IACX nitrogen rejection units (3 MMcf/d -of total inlet capacity). Presently, the plant is polishing approximately 15 to 30Mcf/day of helium which is then compressed to 2,800 psi and stored in high pressure tube trailers for transport. Helium is sold on fixed, 'take-or-pay' contracts and the stated BLM price for crude helium today is $62.25/Mcf. Much of the natural gas produced in this part of Kansas is associated with higher-than-average percentages of helium (1.5% to 2%) which is sourced from deep, basement rock. Helium migrates through the various sedimentary strata and is trapped in the same...

Haddington Ventures Invests in Eureka Resources

noemail@hvllc.com — Tue, 19 Apr 2011 00:00:00 GMT

SOURCE Haddington Ventures, L.L.C. HOUSTON, April 18, 2011 /PRNewswire/ -- Haddington Ventures, L.L.C. and Eureka Resources, LLC, announced today that Haddington has made a strategic investment in Eureka, a wastewater treatment company based in Williamsport, Pennsylvania. The investment was made through Haddington Energy Partners IV LP, a private equity fund managed by Haddington. Eureka Resources provides cost-effective wastewater treatment and disposal solutions that reduce the environmental impact of natural gas drilling in the Marcellus Shale. The Company plans to use the capital to further develop and expand its business, including assuming full ownership and operation of three vapor distillation (NOMAD) units that were previously under lease from Aqua-Pure Ventures, Inc. (AQE-TSXV). In addition, Eureka will have certain areas of northeastern Pennsylvania as its exclusive territory for deployment of Aqua-Pure's NOMAD technology. Eureka Resources is playing an...

Magnum Gas Storage Accepts FERC 7 (c) Certificate

noemail@hvllc.com — Thu, 24 Mar 2011 00:00:00 GMT

MAGNUM GAS STORAGE ACCEPTS FERC 7(c) CERTIFICATE Salt Lake City, Utah (March 23, 2011) - Magnum Gas Storage, LLC, announced today that it has accepted the certificate of public convenience and necessity issued recently by the Federal Energy Regulatory Commission (FERC) under section 7(c) of the Natural Gas Act and Part 157 of FERC's regulations, authorizing construction and operation of Magnum's high- performance natural gas storage facility in central Utah. The facility marks an important first step in Magnum's plan to develop an integrated gas/electric energy hub that will add reliability and efficiency to existing regional infrastructure and enable development of intermittent, renewable power generation throughout the Rockies. With excellent access to both the natural gas and electric grids in the West, the Magnum project is located in Millard County, north of Delta, directly adjacent to the 1800-megawatt Intermountain Power Project. The FERC 7(c) permit authorizes...

Haddington Ventures Enters Into Agreement to Purchase Continental Gas Storage Deutschland

noemail@hvllc.com — Thu, 10 Feb 2011 01:00:00 GMT

HOUSTON, Feb. 9, 2011 /PRNewswire/ -- Haddington Ventures, L.L.C. announced today that it has entered into an exclusive agreement with Continental Gas Storage BV (CGS) to purchase that Company's wholly-owned subsidiary, Continental Gas Storage Deutschland GmbH (CGSD), through Haddington Energy Partners IV LP, a private equity fund managed by Haddington. The proposed transaction is subject to further due diligence by Haddington and is expected to close by mid-year 2011. Once closed, the transaction will enable the continued development and construction of CGS's Epe Underground Natural Gas Storage project, located in Germany. Haddington is a leading private equity firm, active in the midstream energy business sector. The Fund generally makes control-oriented investments in companies focused on gathering, separation, processing, treating, compression, storage, and transmission of oil and natural gas. Haddington is a truly unique organization as a midstream energy fund...

Endicott Biofuels LLC to construct 30-million gallon-per-year second-generation biorefinery at KMTEX Ltd. facility in Port Arthur, Texas

noemail@hvllc.com — Tue, 25 Jan 2011 01:00:00 GMT

Houston, Texas (January 24, 2011) - Endicott Biofuels, LLC (EBF) has signed an agreement with KMTEX Ltd. (KMTEX) to construct a 30-million gallon-per-year biorefinery in Port Arthur, Texas, that will employ EBF's proprietary technology for the production of high-purity G2 Clear™ biodiesel. KMTEX will host EBF as well as provide certain construction and operational services. Equity funding will come from Haddington Ventures, LLC, and construction is expected to begin in late January 2011. Our extensive specialty chemical processing capabilities in Port Arthur are well-suited to complement Endicott's unique production of biodiesel, said Artie McFerrin, President of KMTEX. We are excited to begin this fruitful long-term relationship. G2 Clear is Endicott's high-purity, high-quality biodiesel made from waste fats, oils and greases. This patent-protected process is capable of consuming any waste fat or oil in any proportion. EBF will use inedible feedstocks to help the U.S....

IACX Energy Designs and Operates the World's First Mobile Nitrogen Rejection Unit for Nitrogen Frac Flow-Back Applications

noemail@hvllc.com — Sat, 11 Dec 2010 01:00:00 GMT

DALLAS, Dec. 16, 2010 /PRNewswire/ -- IACX Energy has designed, built and deployed the world's first trailer mounted nitrogen rejection unit (Nitrogen Sponge) for nitrogen frac flow-back applications, among other things. This first unit was deployed to a recently frac'ed EQT Corporation Huron Shale well in eastern Kentucky (Pittsburgh based, EQT is among the largest exploration and production companies in the U.S. Appalachia region). The mobile Nitrogen Sponge unit is comprised of five trailers and, when positioned on site, measures 158 feet by 38 feet. (Photo: http://photos.prnewswire.com/prnh/20101216/LA18611) In certain shale basins of the United States (such as the Huron), enormous quantities of nitrogen gas are forced at high pressure into the reservoir to create the necessary permeability for prolonged natural gas production. In eastern Kentucky, the lower pressured Huron Shale has responded especially well to nitrogen fracturing treatment, and the continued...

Tristream Energy Announces Acquisition of East Texas Processing Assets

noemail@hvllc.com — Thu, 29 Jul 2010 14:00:00 GMT

HOUSTON (July 29, 2010) - Tristream Energy, LLC announced today that it acquired the East Texas gathering and processing assets of a subsidiary of Dallas-based Regency Energy Partners LP on July 15, 2010. The acquired assets include gas treating and processing facilities in Eustace, Texas, a condensate sweetening plant in Myrtle Springs, Texas, and approximately 371 miles of gathering pipeline. The assets are primarily located in Henderson, Van Zandt, Rains, Wood, Hopkins, and Franklin counties, Texas. The acquisition of the Eustace facilities will expand our midstream gas gathering business in Texas, said Ken Purgason, president and chief executive officer of Tristream Energy. We look forward to the aggressive addition of new reserves to the system and continuing our acquisition and grass roots development opportunities in the midstream gas sector. The Eustace Gas Plant is a state of the art gas treating and processing facility. It consists...

HADDINGTON SELLS BOBCAT GAS STORAGE ASSETS AND DEVELOPMENT PROJECT TO SPECTRA ENERGY

noemail@hvllc.com — Thu, 15 Jul 2010 21:00:00 GMT

Houston, Texas (July 15, 2010) - Haddington Ventures, L.L.C., announced today that it has entered into a definitive agreement to sell the Bobcat Gas Storage assets and development project to Spectra Energy Corp. (NYSE: SE), for $540 million. The Bobcat Gas Storage Project was developed by Port Barre Investments, LLC, which is owned by members of management, Haddington Energy Partners III LP, a private equity fund managed by Haddington Ventures, LLC, and GE Energy Financial Services, the energy investing unit of GE (NYSE: GE). 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. The Bobcat project exemplifies Haddington's strategy to acquire, develop and eventually exit midstream energy projects, said Haddington Managing Director J....

Magnum Gas Storage Application Accepted by FERC for Construction of a High-Deliverability Salt Cavern Storage Facility in Central Utah

noemail@hvllc.com — Wed, 16 Dec 2009 15:00:00 GMT

SALT LAKE CITY, Dec. 16, 2009 -- Magnum Gas Storage, LLC, announced today that the Federal Energy Regulatory Commission (FERC) has accepted its application to construct and operate a high-deliverability, multi-cycle salt cavern natural gas storage facility in central Utah under Section 7(c) of the Natural Gas Act. The proposed project is the first large-scale, underground natural gas storage facility to be developed in the Western United States. It is designed as a fully-integrated project that will increase efficiency, reliability and competitiveness of energy markets throughout the West. When completed, the facility will consist of four salt caverns with a combined total working gas storage capacity of 42 billion cubic feet (Bcf). The project will be capable of injecting up to 0.3 Bcf of gas per day and withdrawing up to 0.5 Bcf per day and of cycling its inventory from nine to 12 times annually. The project also includes a 61.5-mile, 36-inch header pipeline that will extend to...

Compressed Air Energy Storage

noemail@hvllc.com — Tue, 08 Dec 2009 15:00:00 GMT

Ever since Thomas Edison invented the light bulb, people have been searching for ever more effective ways to store electricity during periods of lower demand for later use during periods of higher demand. Beginning in 1998, Haddington Ventures and its portfolio company, CAES Development Company, began developing a newer method for the bulk storage of electricity. This method, known as compressed air energy storage (CAES), is a cost-effective, commercially-proven and environmentally sound technology used to store energy in the form of high-pressure air. CAES converts relatively abundant electricity available at night from base-load coal and nuclear power plants, or generated by intermittent renewable sources such as solar and wind, into more profitable, flexible and dispatchable energy that can be used the next day to meet rapidly changing daily demand. You may have seen the recent announcement regarding the sale of Haddington’s Norton Energy Storage Project in Norton,...

HADDINGTON SELLS RIGHTS TO ITS NORTON ENERGY STORAGE PROJECT TO FIRSTENERGY

noemail@hvllc.com — Mon, 23 Nov 2009 15:00:00 GMT

Houston, Texas (November 23, 2009) – Haddington Ventures, L.L.C., announced today that CAES Development Company, LLC, a portfolio company of Haddington’s managed funds, has sold to FirstEnergy Generation Corp., a subsidiary of Akron, Ohio-based First Energy Corp. (NYSE:FE), the rights to the Norton Energy Storage Project, a compressed air energy storage (CAES) facility under development in Norton, Ohio. “We are very pleased to have reached an agreement with First Energy for their acquisition of this project,” said Haddington Managing Director John A. Strom. “The rapid growth in renewable wind energy is accelerating the need for additional bulk energy storage to support renewable integration, and the flexibility of CAES facilities to provide both regulation and load following services, combined with their low energy production costs, are unmatched by any other natural gas-fired generation resource.” Mr. Strom noted that Haddington leveraged its...

FIRSTENERGY ACQUIRES RIGHTS TO NORTON ENERGY STORAGE PROJECT

noemail@hvllc.com — Mon, 23 Nov 2009 15:00:00 GMT

AKRON, Ohio – FirstEnergy Generation Corp., a subsidiary of Akron, Ohiobased FirstEnergy Corp. (NYSE: FE) today announced that it has purchased the rights to develop a compressed-air electric generating plant on a 92-acre site in Norton, Ohio, from CAES Development Company, LLC. The transaction includes rights to a 600-acre underground cavern, formerly operated as a limestone mine, that is ideal for energy storage technology. “The compressed-air technology envisioned at this site would essentially operate like a large battery, storing energy at night for use during the day when it is needed,” said Anthony J. Alexander, president and chief executive officer of FirstEnergy. “Because many renewable energy sources – such as wind – are intermittent, they don’t always produce power when electricity demand is high. The energy storage aspects of this project would provide a way to harness renewable energy to be used when customers need...

Bobcat Places Cavern II at Port Barre Facility In Service

noemail@hvllc.com — Mon, 09 Nov 2009 22:00:00 GMT

HOUSTON, Texas (November 9, 2009) Bobcat Gas Storage (Bobcat) announced today that it had commenced full commercial operations in the second cavern at its Port Barre natural gas storage facility in St. Landry Parish, Louisiana on October 31, 2009. Cavern II provides an additional 7.8 Bcf of working gas capacity at the Port Barre Facility.

The Bobcat Project offers customers premier interconnections with five interstate pipelines including Texas Eastern Transmission, L.P., Transcontinental Gas Pipeline Company, Florida Gas Transmission, Gulf South Pipeline and ANR Pipeline.

Bobcat offers customers both firm storage services and hub services under its FERC-approved tariff and market-based rates.

Bobcat is being developed by Port Barre Investments, LLC, which is owned by members of management, Haddington Energy Partners III LP, a private equity fund managed by Haddington Ventures, LLC and GE Energy Financial Services, the energy investing unit of GE (GE: NYSE).

Endicott Biofuels and TransAlgae collaberate to develop renewable fuels from algae oil

noemail@hvllc.com — Mon, 02 Nov 2009 01:00:00 GMT

Houston, Texas (November 30, 2009) - Endicott Biofuels, LLC, a Houston-based, next-generation biodiesel producer, and TransAlgae, Ltd., an algal biotechnology company, have signed a Memorandum of Understanding for the development of algae as a potential transportation fuel and renewable chemical feedstock source. According to Endicott Chief Executive Officer David Robinson, TransAlgae's strategy is consistent with Endicott's goal to create economically sustainable new sources of energy through the development of renewable biofuels. We look forward to working with the TransAlgae team, who represent great expertise and experience, to rapidly advance the scale-up and commercialization of algae biofuels production as a high-quality, sustainable fuel source, he said. TransAlgae's mission is to develop commercially viable algae strains for a variety of algae biomass growth platforms in order to deliver cost effective transportation fuels as well as other non-energy applications. ...

MAGNUM GAS STORAGE ANNOUNCES A NON-BINDING OPEN SEASON FOR THE FIRST HIGH-DELIVERABILITY SALT CAVERN NATURAL GAS STORAGE FACILITY IN THE WESTERN U.S.

noemail@hvllc.com — Wed, 10 Jun 2009 19:00:00 GMT

Salt Lake City, Utah (June 10, 2009) — Magnum Gas Storage, LLC, announced today the start of a non-binding Open Season for its Magnum Gas Storage Project—the first large-scale, high-deliverability, multi-cycle salt cavern natural gas storage facility to be developed in the Western United States. This non-binding Open Season will extend through 5:00 p.m., Mountain Daylight Time, on July 31, 2009. The Project is located in central Utah near the town of Delta in Millard County and will offer customers highly customizable natural gas storage services that help balance the fluctuations of supply and demand. These services are ideally suited to meeting the needs of natural gas-fired electric power generation loads, natural gas distribution companies, gas producers and gas marketers in the Rocky Mountain Region, as well as other markets in the Western U.S. that require the flexibility and performance that high-deliverability natural gas storage can provide. ...

BOBCAT GAS' SALT CAVERN BEGINS NATURAL GAS STORAGE IN LOUISIANA, OWNERS GE AND HADDINGTON ANNOUNCE

noemail@hvllc.com — Wed, 12 Nov 2008 15:00:00 GMT

PORT BARRE, LA, November 12, 2008 – Bobcat Gas Storage, its owners Haddington Energy Partners III LP and GE Energy Financial Services, announced today they have introduced one of the newest natural gas storage facilities in the United States. The first cavern, which has completed its first week of successful commercial operations, is fully subscribed with customers. A second cavern is expected to be completed in the third quarter of 2009. After nearly three years of planning, permitting, construction and receipt of final permits from the state and federal agencies for the project 1.5 miles southeast of Port Barre in south-central Louisiana, Bobcat Gas Storage began providing storage services to its customers on Nov. 1. Bobcat’s initial capacity is nearly 5.4 billion cubic feet of working gas (bcfw), which is planned to be increased to 10.3 bcfw by the third quarter of 2009 with the in-service of cavern 2, which is currently under construction, and fully built-out to 15.6 bcfw by...

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 17:30:00 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.