It has been just over a year since Spectra Energy acquired Bobcat Storage Co. for $540 million from Haddington Energy Partners III LP and GE Energy Financial Services. Since that time, the facility has enabled the company to increase its storage capacity in the Gulf Coast to nearly 100 billion cubic feet (Bcf).

Spectra Energy will surpass this storage level next year when it brings on Bobcat Storage’s third salt dome storage cavern. The facility’s two storage caverns currently have a combined 18 Bcf of storage, according to the company. ...