Cadeville Gas Storage LLC Announces a Non-Binding Open Season

HOUSTON, May 28 /PRNewswire/ -- Cadeville Gas Storage LLC ("Cadeville"), a wholly-owned subsidiary of Cardinal Gas Storage Partners LLC ("Cardinal"), announced today that it intends to hold a 30-day non-binding open season at a planned natural gas storage facility to be located in Ouachita Parish, approximately 10 miles southwest of Monroe, Louisiana.  Commercial storage services are scheduled to commence in 2012.  The approximate three to four turn facility is being designed to provide a peak deliverability of 420 MMcf/d and a peak injection of 420 MMcf/d.  Cadeville will be converting a depleted gas reservoir to develop a total of 16.5 Bcf of working gas storage.  This open season will be for approximately 11.5 Bcf of firm working gas storage capacity.  The facility will have the ability to interconnect to Tennessee Gas Pipeline Line 100, Gulf South's Middle 30, Gulf South's 42" East Texas to Mississippi Expansion, Texas Gas Transmission, CenterPoint Energy Line CP and ETP's 42" Tiger Pipeline.

"We are pleased to announce that Cadeville has reached an agreement, subject to execution of final customary definitive documents, with an anchor customer for Firm Storage capacity.  This further demonstrates the need for additional natural gas storage capacity in North Louisiana, especially in and around the Haynesville Shale to Perryville corridor," said Jeff Ballew, President and CEO of Cardinal.  "Combined with the recent successful efforts to close financing for Phase I of the Perryville Gas Storage project, our high deliverability multi-cycle salt project under development near Delhi, LA, we believe Cadeville provides the perfect complement of lower cycle storage services for shippers in and around the Perryville/Delhi Hub," he added.

The non-binding open season begins at 8:00 am CDT on June 1, 2010 and will end at 5:00 pm CDT on June 30, 2010.  A completed Cadeville Expression of Interest Form should be faxed to Kevin Holder at (713) 350-2557 by 5:00 pm CDT on June 30, 2010.  The Expression of Interest Form, maps and other information can be found on the Cadeville web site at www.cadevillegasstorage.com or by contacting Kevin Holder at (713) 350-2507 or (214) 300-1876 and email at [email protected] or Brandy Clark at (713) 350-2504 and email at [email protected].

Cardinal is a joint venture between Martin Resource Management Corporation ("MRMC") and Funds controlled by Energy Capital Partners, LLC ("ECP") and is focused on the development, construction, operation and management of natural gas storage facilities throughout North America.  Cardinal also owns Arcadia Gas Storage LLC and Perryville® Gas Storage LLC and is in the process of developing additional natural gas storage facilities in North America.  For more information, visit www.cardinalgs.com.

About Martin Resource Management Corp

MRMC is a leading independent provider of transportation, terminalling, marketing and logistics management services for the energy and petrochemical industries.  The company, headquartered in Kilgore, Texas, markets hydrocarbon products and by-products through facilities located throughout the Gulf Coast region.  In addition, MRMC owns a 100% general partner interest and a 40% limited partner interest in Martin Midstream Partners L.P. (Nasdaq: MMLP).  For more information, visit www.themartincompanies.com.

About Energy Capital Partners

ECP is a private equity firm with offices in Short Hills, New Jersey and San Diego, California. ECP is focused on investing in the power generation, electric transmission, fuel handling, midstream gas and renewable sectors of North America's energy infrastructure. The fund's management has substantial experience leading successful energy companies and energy infrastructure investments. For more information, visit www.ecpartners.com.

SOURCE Cardinal Gas Storage Partners LLC