RSS Feed 12/08/08Falcon’s Founding Management Group to Leave Company, New Management Team NamedHouston, TX, December 8, 2008 – Falcon Gas Storage Company, Inc. today announced that the Company’s original founding management group has exercised a partial equity sale option and will step down at the end of the year, while still retaining a significant equity ownership position in the Company. 10/17/08The State Oil and Gas Board of Alabama Grants Falcon’s MoBay Storage Hub PetitionHouston, TX, October 16, 2008 – MoBay Storage Hub LLC, an affiliate of Falcon Gas Storage Company, Inc., today announced that the State Oil and Gas Board of Alabama has entered an order granting MoBay’s petition to establish the North Dauphin Island Gas Storage Facility. At the special hearing on October 14, 2008, the Board also approved the horizontal and vertical boundaries of the gas storage facility and appointed MoBay facility operator 05/06/08Falcon’s MoBay Storage Hub Completes Highly Competitive Open Season MoBay Storage Hub, an affiliate of Falcon Gas Storage Company, Inc., today announced that all 10 Bcf of the Phase I firm storage service offered during its recently concluded open season has been awarded. The MoBay open season attracted 12 bidders in an interactive online auction held on May 1 for three-cycle, two-cycle and single-cycle/seasonal storage service. Bidders included both new and existing customers. The total volume bid was over 40 Bcf. MoBay expects to execute binding precedent agreements with the winning bidders by May 15, 2008 04/10/08Falcon and NorTex win 2007 Project Finance Deal of the YearProject Finance Deal of the Year winner is NorTex 04/02/08Falcon’s NorTex Gas Storage Open Season OversubscribedHouston, TX, March 31, 2008 – NorTex Gas Storage Company, LLC, a subsidiary of Falcon Gas Storage Company, Inc., today announced that all of the capacity for firm gas storage and transportation services at its Hill-Lake and Worsham-Steed Gas Storage Facilities offered during its binding open season has been fully subscribed. 03/26/08Falcon’s MoBay Storage Hub Holds Open SeasonHouston, TX, March 25, 2008 – MoBay Storage Hub, an affiliate of Falcon Gas Storage Company, Inc., is holding an open season for Phase I storage service beginning October 1, 2009. Phase I of the project will provide 50 Bcf of high-deliverability, multi-cycle (HDMC) gas storage capacity with 1.0 Bcfd of withdrawal and injection capacity. Binding precedent agreements already have been executed with nine shippers for 29.4 Bcf of MoBay’s Phase I working gas capacity. An additional 10 Bcf of Phase I firm storage service is being offered as part of this open season. 02/19/08Falcon’s NorTex Gas Storage Company Announces Open Season at Hill-Lake and Worsham-Steed Gas Storage FacilitiesNorTex Gas Storage Company, LLC, a subsidiary of Falcon Gas Storage Company, Inc., today announced that it will hold a binding open season for firm gas storage and transportation services at its Hill-Lake Gas Storage Facility in Eastland County and its Worsham-Steed Gas Storage Facility in Jack County, Texas. The open season starts today and ends on March 7, 2008. 02/06/08Falcon’s MoBay Storage Hub Signs 24,000-Acre Gas Storage Lease with State of AlabamaHouston, TX, February 6, 2008 – MoBay Storage Hub LLC, an affiliate of Falcon Gas Storage Company, Inc., has signed a gas storage lease with the State of Alabama that covers more than 24,000 acres of state-owned lands, clearing the way for construction of the MoBay Storage Hub to start this spring. 01/04/07Falcon Gas Storage Subsidiary Closes On $335 Million Bank Loan FacilityFalcon Gas Storage Company, Inc. today announced that its newly created wholly-owned subsidiary, NorTex Gas Storage Company... 01/03/07Falcon’s MoBay Storage Hub Accepts FERC CertificateFalcon’s MoBay Storage Hub Accepts FERC Certificate, Announces Open Season for Remaining Capacity... 11/29/06Falcon Gas Storage to Build New Barnett Shale PipelineFalcon Gas Storage Company, Inc. today announced that it will build a new 63-mile, 24” gas pipeline primarily... 06/28/06Falcon's MoBay Storage Hub Files Certificate Application with FERCMoBay Storage Hub, Inc., a subsidiary of Falcon Gas Storage Company, Inc., has applied to the Federal Energy Regulatory Commission (FERC)... 05/10/06Falcon Gas Storage Company and CO2-Global Sign LOI to Support ZENG Power Plant Development in TexasFalcon Gas Storage Company, Inc. and CO2-Global, LLC have entered into a letter of intent (LOI) for Falcon... 02/14/06Falcon Gas Storage Company Holds Open Season at MoBay Gas Storage Hub for Proposed Phase I ExpansionFalcon Gas Storage Company, Inc. today announced that it will hold a non-binding open season for 15 Bcf of high-deliverability, multi-cycle (HDMC)... 11/16/05Falcon Gas Storage Company Activates Worsham-Steed Gas Storage Facility Near Dallas/Ft. WorthFalcon Gas Storage Company Activates Worsham-Steed Gas Storage Facility Near Dallas/Ft. Worth Hou... 07/19/05Arcapita Acquires Falcon Gas Storage CompanyFalcon Gas Storage Company, Inc. today announced that GAStorage Investment LLC, a company organized by Arcapita, a global investment group... 02/02/05Falcon Gas Storage Company Announces Available Capacity at Hill-Lake Gas Storage FacilityFalcon Gas Storage Company today announced that up to 3.5 Bcf of working gas storage capacity will be available at Falcon’s Hill-Lake Gas Storage... 01/18/05Falcon Gas Storage Company Sells Greyhawk Gas Storage Company SubsidiaryFalcon Gas Storage Company, Inc. today announced that it has sold its Greyhawk Gas Storage Company, LLC subsidiary to SemGas, L.P...