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Hartree Cardinal Gas Acquires Natural Gas Storage Assets From Martin Midstream for $215M

Published: 06-11-2019

Vinson & Elkins advised Hartree Cardinal Gas, LLC, a subsidiary of Hartree Bulk Storage, LLC, in its entry into an agreement to purchase Arcadia Gas Storage, LLC, Cadeville Gas Storage LLC, Monroe Gas Storage, LLC and Perryville Gas Storage LLC (the “Natural Gas Storage Assets”) from Martin Midstream Partners L.P., for $215,000,000. The Natural Gas Storage Assets consist of approximately 50 billion cubic feet of working capacity located in northern Louisiana and Mississippi.

The V&E corporate team was led by partners John Grand and Peter Marshall, with assistance from senior associates Daniel McEntee and Robert Hughes and associate Kathryn Hastings.

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