PICKTON GAS STORAGE LLC is a Texas-based natural gas storage company developing and operating the Pickton underground gas storage asset in East Texas, primarily in Hopkins, Delta, and Lamar counties. The company focuses on converting and operating a depleted hydrocarbon reservoir as a high-deliverability natural gas storage facility serving Texas and regional gas markets.
Company Information
- Company Name: PICKTON GAS STORAGE LLC
- Headquarters: Dallas, Texas
- Address: 4851 LBJ Freeway, Suite 550, Dallas, TX 75244
- Texas Filing Date: May 5, 2025
- Status: Active Texas LLC
Core Business
The company is developing the Pickton Gas Storage Field, an underground natural gas storage project located in East Texas. The facility appears to utilize the historic Pickton (Bacon Lime) reservoir for gas injection and withdrawal operations. Underground gas storage facilities are critical infrastructure used to:
- Balance seasonal natural gas demand
- Support LNG and power generation markets
- Improve pipeline reliability
- Provide supply flexibility during extreme weather events
Pipeline & Regulatory Infrastructure
According to the Texas Railroad Commission permit:
- PICKTON GAS STORAGE LLC received a Permit to Operate a Pipeline in Texas
- Permit Number: 10773
- Total permitted pipeline mileage: 40.92 miles
- Commodity: Natural Gas
- Classification: Gas Utility
- Counties served: Delta, Hopkins, Lamar
- Permit valid through May 31, 2027
Storage Asset Characteristics
Industry and Railroad Commission data indicate the Pickton field is being developed as a:
- High-deliverability
- Multi-cycle
- Underground gas storage asset in East Texas.
The project is associated with:
- Multiple gas storage withdrawal wells
- Existing legacy oil and gas infrastructure
- Conversion of mature reservoir zones into storage operations.
Leadership
The project is being led by John Holcomb, a well-known natural gas storage executive with extensive experience in Texas gas infrastructure and storage development.
Background highlights:
- Former CEO of NorTex Midstream
- NorTex was acquired by Williams (NYSE: WMB) in 2022 for approximately $423 million
- Over 19 years of gas storage experience
- Previously involved in infrastructure development serving gas-fired power markets in Texas.
Strategic Importance
The Pickton storage project is positioned to benefit from:
- Increasing ERCOT power demand
- LNG export growth along the Gulf Coast
- Rising natural gas volatility
- Need for flexible storage and balancing services in Texas
East Texas storage assets are increasingly valuable because they can support:
- Power generators
- LNG feedgas balancing
- Intrastate pipeline systems
- Industrial and utility customers
Industry Context
Texas is one of the largest underground natural gas storage markets in North America, with storage playing a major role in:
- Winter reliability
- Summer power generation demand
- LNG export optimization
- Renewable balancing
The Railroad Commission’s statewide storage reports list the Pickton field among Texas gas storage operations under the “Pickton (Bacon Lime)” designation.
Author: phinds
