Bear River Midstream Launches With 72 Bcf of Gas Storage Assets

Bear River Midstream has launched as an independent natural gas storage company following I Squared Capital's acquisition of Spire Inc.'s storage assets, creating a 72-Bcf platform serving key U.S. gas markets.

(P&GJ) — Bear River Midstream has launched as an independent natural gas storage company following I Squared Capital's acquisition of Spire Inc.'s storage assets in Wyoming and Oklahoma, creating a platform with 72 billion cubic feet (Bcf) of working gas capacity across two facilities.

The newly formed company will own and operate the former Spire Storage West and Spire Storage Salt Plains facilities, which have been renamed Stallion Gas Storage and Salt Plains Gas Storage, respectively.

Bear River Midstream said the transition will not affect existing customer contracts, operations or service teams as the company begins operating independently under I Squared's ownership.

"Bear River Midstream is launching at a time when demand for reliable and flexible energy infrastructure is growing, driven by accelerating power needs from AI technology data centers, expanding LNG exports and load growth across utility, commercial and industrial markets," said Scott Smith, CEO of Bear River Midstream.

The company's largest asset, Stallion Gas Storage in southwestern Wyoming, provides 55 Bcf of working gas capacity and a peak withdrawal capability of approximately 980 MMcf/d. Located near the Opal Hub, the facility connects to five major interstate natural gas pipelines: Kern River Gas Transmission, Ruby Pipeline, MountainWest Pipeline, MountainWest Overthrust Pipeline and Northwest Pipeline. Customers also have access to the Rockies Express Pipeline through those interconnections.

Bear River Midstream also operates Salt Plains Gas Storage in Manchester, Oklahoma, a 17-Bcf facility connected to Southern Star Pipeline and ONEOK's Oklahoma Gas Transmission system, serving customers throughout the Mid-Continent region.

Combined, the two facilities provide 72 Bcf of working gas capacity across the Western and Mid-Continent natural gas markets.

Company officials said the business will focus on expanding natural gas storage capacity as demand grows from LNG exports, electric power generation and industrial customers.

"Our natural gas storage assets play a critical role in balancing energy supply and demand, particularly during peak demand periods from extreme weather, renewable integration and market volatility," Smith said.

Bear River Midstream said it will continue operating with its existing workforce while pursuing long-term growth under I Squared Capital's ownership.