Bobcat Gas Storage Announces Open Season

Houston, TX – March 27, 2006 – Bobcat Gas Storage (Bobcat) announced today the start of an open season for service offerings at its proposed high-deliverability natural gas storage facility in St. Landry Parish, Louisiana. Bobcat will be located in close proximity to Eunice, Louisiana and the Henry Hub, two of the premier gas trading centers in the Gulf Coast region.

As part of the storage project, Bobcat proposes to develop two salt caverns with a total working gas capacity of 12.0 billion cubic feet (Bcf), injection capacity of 900,000 dekatherms (Dth) per day and maximum withdrawals of 1,200,000 Dth per day. Bobcat has requested FERC authorizations by July 15, 2006 and is targeting an October 2007 in-service date. The Bobcat Project will offer customers premiere interconnections with five interstate pipelines including Texas Eastern Transmission, L.P., Transcontinental Gas Pipeline Company, Florida Gas Transmission, Gulf South Pipeline and ANR Pipeline as well as the Cypress intrastate pipeline system.

Bobcat is conducting an open season for only the initial phase of its storage project which includes 6 Bcf of firm, high deliverability storage capacity with associated injection and withdrawal capabilities of 450,000 Dth/d and 600,000 Dth/d, respectively. The open season will extend from March 27, 2006 to April 27, 2006. Any person interested in contracting for Bobcat storage service must submit a bid before the April 27, 2006 deadline.

Bobcat will offer customers customized, flexible contracting terms under a standardized FERC-approved tariff and market-based rates. Prospective customers seeking additional project information or wanting to discuss storage opportunities at Bobcat are asked to contact Jamie Craddock at (713) 320-0561. Additional information about the project and the open season is available at www.bobcatstorage.com.

Bobcat is being developed by Port Barre Investments, LLC. Port Barre Holdings LLC and Port Barre Investments, LLC are owned by Haddington Ventures III, L.L.C. Haddington 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.

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Phone: (713) 532-7992
Fax: 713-532-9922
Author: Communications
Phone: (713) 532-7992
Fax: 713-532-9922
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