ArcLight Sells Houston-based Enstor Gas to JP Morgan’s IIF

Headquartered in Houston, Enstor Gas is the largest privately owned natural gas storage company in the U.S. including six active underground natural gas storage facilities with more than 110 Bcf in working gas capacity.

Hart Energy Staff
ArcLight Sells Houston-based Enstor Gas to JP Morgan’s IIF

Enstor will continue to manage and operate its natural gas storage facilities in Alabama, Mississippi, Texas and New Mexico. Pictured is Enstor’s Grama Ridge Storage and Transportation facility located in New Mexico’s Lea County within the Permian Basin. (Source: Enstor Gas LLC)

ArcLight Capital Partners LLC on May 11 sold its affiliate Enstor Gas, the largest privately owned gas storage company in the U.S., for an undisclosed amount to Infrastructure Investments Fund (IIF), an investment vehicle advised by J.P. Morgan Investment Management Inc.

“Together with management, ArcLight built Enstor into a leading natural gas storage franchise through a series of asset acquisitions and commercial and engineering optimization activities beginning in 2018. With today’s sale, the next chapter of opportunity begins for Enstor, and we wish the team and IIF great success,” Dan Revers, ArcLight’s managing partner, commented in a joint release announcing the transaction.

Headquartered in Houston, Enstor owns and operates six active underground natural gas storage facilities in four states with more than 110 Bcf in working gas capacity. The company has approximately 179 miles of transmission pipelines and 39 interconnects to major transmission pipelines.

Already have an account? Log In

Sign up for FREE access to view this article now!

Unlock Free Access