Enstor, an affiliate of ArcLight Capital Partners, has announced the acquisition of the 12 billion ft3 East Cheyenne natural gas storage facility.
East Cheyenne is located in Logan County, Colorado, US and is interconnected to the Trailblazer pipeline. Enstor plans to integrate the facility into its existing natural gas storage platform, which ArcLight acquired in 2018
"The combination of East Cheyenne, the pending acquisition of Sempra's gas storage facilities, and our existing Enstor platform will create the largest independent natural gas storage operator in the United States," said Dan Revers, Managing Partner and Founder of ArcLight.
Pro forma for the Sempra transaction, Enstor will own and operate underground natural gas storage facilities in the Gulf Coast, Southwest, and Rockies regions of the US with net working gas storage capacity of more than 120 billion ft3.
Read the article online at: https://www.tanksterminals.com/storage-tanks/09012019/enstor-acquires-colorado-natural-gas-storage-facility/