HOUSTON, May 31, 2013 (GLOBE NEWSWIRE) -- Cardinal Gas Storage Partners LLC ("Cardinal") announces that effective June 1, Paul Lanham, Senior VP of Engineering and Operations has elected to retire and that Paul is being replaced by Bobby Raines. Since joining Cardinal in 2010, Paul has been instrumental in leading the engineering and construction of the Cardinal storage facilities. This year Cardinal has placed two additional storage facilities into service and will add capacity at a third facility. These additions will increase total working gas capacity at the three facilities to over 50 MMDth.
"The recently announced completion of Cadeville and Perryville, having placed both facilities in service on schedule and under budget, successfully concludes Paul's engagement," said Jeff Ballew, President and CEO of Cardinal. "Bobby Raines is our chosen successor as we transition from a construction company to an operating company. We thank Paul for his leadership and service and we are looking forward to continued success with Bobby Raines as Senior VP Engineering and Operations."
Cardinal has been working with Mr. Raines and ALTEC Environmental Consulting, LLC, an environmental and project management firm that he co-owned from 1999 - 2010. He brings 30 years of oil and gas well work, permitting, regulatory and gas storage development experience to his new position. Bobby is a Registered Professional Geologist in four states and is also a member of the Board of the Louisiana Oil and Gas Association.
For additional information concerning these and other Cardinal facilities, please visit us at www.cardinalgs.com.
Cardinal is a joint venture between Redbird Gas Storage LLC ("Redbird") and funds controlled by Energy Capital Partners, LLC ("ECP"). Since its inception in 2008, Cardinal has been focused on the development, construction, operation and management of natural gas storage facilities throughout North America. Cardinal also owns Arcadia Gas Storage LLC and Monroe Gas Storage Company LLC.
About Redbird Gas Storage LLC
Redbird is wholly-owned by Martin Midstream Partners L.P. (Nasdaq:MMLP) and invests in natural gas storage related opportunities through its ownership interests in Cardinal. MMLP is a publicly traded limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region. MMLP's primary business lines include: terminalling, storage and packaging services for petroleum products and by-products; NGL distribution services and natural gas storage; sulfur and sulfur-based product handling, processing, manufacturing, marketing and distribution; and marine transportation services for petroleum products and by-products.
Additional information concerning MMLP is available on its website at www.martinmidstream.com.
About Energy Capital Partners
Energy Capital Partners is a private equity firm with offices in Short Hills, New Jersey and San Diego, California. ECP is focused on investing in the power generation, electric transmission, midstream gas and renewable energy sectors of North America's energy infrastructure. The fund's management has substantial experience leading successful energy companies and energy infrastructure investments. For more information, visit www.ecpartners.com.
CONTACT: Cardinal Gas Storage Partners LLC Dan Hannon 713-350-2510 email@example.comSource:Cardinal Gas Storage Partners LLC