Natural Gas Storage
We own two underground salt dome natural gas storage facilities located near Hattiesburg, Mississippi that are strategically situated to serve the domestic Northeast, Mid-Atlantic and Southeast natural gas markets and are capable of delivering in excess of 1.4 Bcf/d of natural gas into five interstate pipeline systems. We placed a new natural gas storage cavern at our Petal facility into service during the third quarter of 2008 which has a total of 9.1 Bcf of storage capacity, representing 5.9 Bcf of FERC certificated working gas capacity and approximately 3.2 Bcf of base gas requirements needed to support minimum pressures.
| Facility | Ownership Interest | Gross Capacity (Bcf) |
|---|---|---|
| Petal | 100% | 16.6 |
| Hattiesburg | 100% | 2.1 |
| Wilson (1) | Operating Lease | 6.8 |
| Acadian (2) | Operating Lease | 1.7 |
| Total | 27.2 |
(1) This facility is held under an operating lease that expires in January 2028.
(2) We hold this facility under an operating lease that expires in December 2012.