Golden Gas Service Company Launches Open Season for Storage
Golden Gas Service Company Launches Open Season
Golden Gas Service Company is excited to announce a new initiative seeking market interest in natural gas storage services at its upcoming Joy Station Natural Gas Storage Project. This non-binding open season aims to explore potential engagements for up to 2.4 billion cubic feet (Bcf) of firm natural gas storage. Joy Station is envisioned as a pioneering intrastate storage facility featuring high-deliverability salt caverns.
Details of the Open Season
The open season commences today and allows potential bidders to express their interest in storage capacity to support the development of Joy Station. Participation in this phase is critical, as only those who engage in this non-binding open season will qualify for subsequent stages, including a binding open season and definitive agreements.
Key Features and Capacity of Joy Station
The Joy Station project is purposed to meet rising demands from local distribution companies (LDCs), power generation plants, marketers, and industrial users in the Midcontinent region. The initial phase is designed to provide a storage capacity of up to 2.4 Bcf with the ability to inject and withdraw up to 160,000 Mcf daily. Ultimately, once all phases are completed, the facility could support up to 9.6 Bcf of working gas and potential withdrawal capacity of 640,000 Mcf per day.
Strategic Site and Regulatory Pathway
Located at a strategic nexus within the Midcontinent, Joy Station will connect with several major intrastate and interstate pipelines. Favorable geological assessments are in place, and the project is progressing toward acquiring its Class I injection and storage permits from the Kansas Department of Health & Environment. This initiative will function as an intrastate facility operating under a Certificate of Public Convenience and Necessity from the Kansas Corporation Commission.
Executive Insights
Alan Staab, the President and CEO of Golden Gas Service Company, emphasized the significance of this next step in providing reliable and flexible energy solutions. The position and operational characteristics of Joy Station are designed to assist customers in managing their energy needs effectively, especially during peak demand.
Future Outlook and Participation Requirements
Following the open season, Golden Gas plans to finalize its investment decision, contingent on the completion of all state permitting processes, with service anticipated to begin in the second quarter of a future year. Potential bidders must complete a mutual confidentiality agreement to receive bid instructions and access critical project documents.
About Golden Gas Service Company
Established in 1998 and based in Tulsa, Oklahoma, Golden Gas Service Company is known for its commitment to safety, reliability, and innovative energy solutions. The company operates 1.1 Bcf of natural gas storage in Oklahoma while developing a multi-phase salt bed storage facility in Kansas. With over 25 years in the industry, Golden Gas prioritizes environmental responsibility and regulatory compliance, emphasizing the well-being of its employees and surrounding communities.
Frequently Asked Questions
What is the purpose of the Joy Station project?
The Joy Station project aims to provide enhanced natural gas storage services to meet the growing needs of various energy sectors in the Midcontinent region.
Who can participate in the open season?
Only parties who engage in this non-binding open season will qualify to participate in the future binding open season.
What is the expected capacity of the Joy Station facility?
Phase I of the project will support up to 2.4 Bcf of gas storage; ultimately, the facility could manage up to 9.6 Bcf.
Where will the facility be located?
Joy Station is strategically located in the Midcontinent area to facilitate connections with major pipelines, improving the region's energy supply chain.
When is the targeted start date for services at Joy Station?
Service at the Joy Station facility is projected to begin in the second quarter of a future year following the completion of state permitting.
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