Happy Tuesday!
Did anyone
happen to read the Oil & Gas Journal’s OGJ Daily Update Newsletter on
June 5, 2026, their article titled, “Caliche’s Spindletop project to boost
natural gas storage capacity with new caverns in Beaumont”? In the article, it speaks on Caleche Development
Partners III’s affiliate Golden Triangle Storage LLC (GTS) has decided to move
forward with their Spindletop Expansion project a future expanded natural gas underground
storage facility. GTS with their final
investment decision has been moving forward into their phase 1 of its project
located in the Beaumont, Texas. GTS has
their Federal Energy Regulatory Commission permits and has lined up financing with
MUFG. The first phase includes two salt
dome storage caverns and all surface equipment, and the facility will have
connections to both Kinder Morgan’s (KM) Trident and ARM’s Mustang pipelines (P/L)
(Please see our blogs in early June for updates on KM’s Trident P/L, and Arm
Energy’s Mustang P/L in October 2025). GTS’
FERC approval includes two more caverns with final investment decision to be at
a future date. GTS expect the facility
to be fully operational by early 2029 and may have eight caverns. We will let you know, if we hear anything
else on the GTS and their Spindletop Expansion Project! If you would like to read more of the Oil
& Gas Journal’s article, please click the link: Caliche
takes FID on first phase of Spindletop natural gas storage expansion project |
Oil & Gas Journal.
Our team has
experience in developing underground storage facilities, so if you too would
like to get an underground project going, we’re here to help! Don’t forget to
check out our ESC website or
contact us via the email in the Blog!
We hope you have a wonderful evening and a productive week!
**Disclaimer: You may be charged a fee to read The Oil
and Gas Journal’s article. **