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Private equity commitment to U.S. natural gas storage infrastructure is gaining definition in Northeast Texas.
Tailwater Capital LLC, a Dallas-based energy and infrastructure firm, announced its investment in Pickton Gas Storage LLC on July 16 and simultaneously declared a final investment decision on a new storage hub in the region.
Pickton is described as a natural gas storage and infrastructure platform led by former management.
FID as a conviction signal A final investment decision marks the point at which capital is formally committed and construction becomes a binding obligation.
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