M&A Deal Summary |
|
|---|---|
| Date | 2011-05-31 |
| Target | Monroe Gas Storage Company |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Cardinal Gas Storage Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 148M USD |
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| Category | Company |
|---|---|
| Founded | 2008 |
| Sector | Energy Services and Equipment |
Cardinal Gas Storage Partners LLC focuses on the operation and management of natural gas storage facilities in the Gulf Coast region. Cardinal Gas believes that the natural gas storage business plays a fundamental role in supporting the nation's growing natural gas supply and demand. Cardinal's storage facilities are positioned in strategic locations for customers which will continue to enhance the value of Cardinal's assets and increase demand for our gas storage capacity. Cardinal currently operates both salt cavern and depleted reservoir gas storage facilities. Arcadia Gas Storage, LLC, Cadeville Gas Storage LLC, Monroe Gas Storage Company, LLC and Perryville Gas Storage LLC
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (Mississippi) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2011) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
