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Falcon Gas Storage Company Announces Available Capacity at Hill-Lake Gas Storage Facility Starting April 1, 2005
Business Wire, Feb 2, 2005
HOUSTON -- Falcon Gas Storage Company today announced that up to 3.5 Bcf of working gas storage capacity will be available at Falcon's Hill-Lake Gas Storage facility beginning April 1, 2005. Currently, all 10 Bcf of Hill-Lake's working gas storage capacity is fully subscribed through the end of this winter.
Through Hill-Lake, a high-deliverability, multi-cycle (HDMC) gas storage facility located in Eastland County, Texas, Falcon provides an array of gas storage services to energy markets in the Dallas-Ft. Worth and North Texas areas, as well as markets at the Waha hub in West Texas and the Carthage hub in East Texas. Pipeline connections include Atmos Energy's (Lone Star's) Line "X" and Line "WA," the Energy Transfer/Enterprise Products (GulfTerra) North Texas Pipeline and Enbridge's Line "KC."
"We were very pleased with the strong market response for HDMC gas storage services at our Hill-Lake Facility this past injection/withdrawal season," said John M. Hopper, Falcon's president. "Most of our existing customers already have renewed and extended their contracts for the 2005/2006 season even though this winter is not yet over. Given the strong interest in gas storage in the North Texas/Dallas-Ft. Worth market, now is the time for customers to begin contracting for storage capacity for the upcoming injection/withdrawal season. We expect to be fully subscribed by March 31."
Parties interested in contracting for storage services at Falcon's Hill-Lake Gas Storage Facility should call or e-mail the following:
Jeff Foutch
Executive Vice President - Marketing
713-623-5906
Jim Wagner
Manager, Gas Control
713-623-5925
About Falcon Gas Storage Company Inc.
Houston-based Falcon Gas Storage Company is the largest independently owned developer and operator of high-deliverability, multi-cycle (HDMC) natural gas storage capacity in the United States. Falcon already is the largest privately owned gas storage provider in Texas with more than 20 Bcf of working gas storage capacity at its Hill-Lake and Worsham-Steed gas storage facilities. Falcon also is developing the MoBay Storage Hub, an HDMC gas storage project in Alabama, and has HDMC gas storage prospects in various stages of evaluation and development in New Mexico and along the Texas, Louisiana and Mississippi Gulf Coast. Visit Falcon at www.falcongasstorage.com.
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