In July 2005, Arcapita acquired Falcon Gas Storage Company, the largest independently owned developer and operator of high-deliverability, multi-cycle (HDMC) natural gas storage capacity in the United States. Based in Houston, Texas, Falcon had more than 20 Bcf of working gas storage capacity at its Hill-Lake and Worsham-Steed gas storage facilities in Texas at the time of acquisition by Arcapita. Falcon also developed the MoBay Storage Hub, an HDMC gas storage project in Alabama, and has HDMC gas storage prospects in various stages of development in New Mexico and along the Texas, Louisiana and Mississippi Gulf Coast.

Investment Type

Private Equity


United States

Exit Date