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Bobcat Storage Accepting Bids for 1 Bcf of Firm Service

Bobcat Gas Storage announced Monday that it is conducting an open season through Jan. 26 for 1 Bcf of up to 12-cycle, unratcheted storage service at its proposed natural gas storage facility in St. Landry Parish, LA, near Eunice and the Henry Hub.

Bobcat Gas plans to develop two salt caverns with working gas capacity of 12 Bcf (6 Bcf each cavern), total injection capacity of 900 MMcf/d and maximum withdrawals of 1.2 Bcf/d. The Houston-based company already has received 5 Bcf of commitments for capacity in the initial cavern. The latest open season is for the remaining 1 Bcf of firm capacity in that cavern, with associated injection and withdrawal capabilities of up to 50,000 Dth/d and 100,000 Dth/d, respectively.

The company plans to hold another open season for the 6 Bcf of firm capacity in the second cavern in either late winter or early spring of this year, said Bobcat Gas spokeswoman Jamie Craddock.

The project also calls for the construction of 16.1 miles of 24-inch diameter bidirectional pipe that would interconnect the storage facility with five interstate pipelines. The interconnecting pipes are Texas Eastern Transmission, Transcontinental Gas Pipe Line, Florida Gas Transmission, Gulf South Pipeline and ANR Pipeline.

Bobcat Gas received approval for the storage project from the Federal Energy Regulatory Commission in late July and began construction in December (see Daily GPI, July 21, 2006). The company expects the storage project to go into service in September 2008. The project is being developed by Port Barre Investments LLC, which is owned by Haddington Energy Partners III LP, a private equity fund managed by Haddington Ventures LLC.

For further information about the open season, contact Craddock at (713) 800-3510 or go to the company's website at http://www.bobcatstorage.com.

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