A Locke Lord team led by Kevin Peter (Houston) represented Martin Midstream Partners L.P. in the completed sale of its membership interests in Arcadia Gas Storage, LLC, Cadeville Gas Storage LLC, Monroe Gas Storage, LLC and Perryville Gas Storage LLC to Hartree Cardinal Gas, LLC, a subsidiary of Hartree Bulk Storage LLC, for $212 million in cash. The natural gas storage assets consist of approximately 50 billion cubic feet of working capacity located in northern Louisiana and Mississippi. For more information, see the press release. Additional assistance was provided by Jerry Higdon, Mark Miller, Ed Razim, Jeff Wallace, Rachel Fitzgerald and Stuart Lawson (all of Houston) and Van Jolas (Dallas).
Posted on June 13, 2019