Pickton Gas Storage LLC is a Dallas, Texas-based natural gas storage and midstream infrastructure company developing the Pickton Gas Storage Facility in northeast Texas. This is not a conventional upstream E&P operator; its core asset is the redevelopment of the depleted Pickton (Bacon Lime) reservoir into a high-deliverability, multi-cycle underground natural gas storage facility.
Well Count & Operations
Texas operator records identify approximately 27 leases currently associated with Pickton Gas Storage LLC, primarily under the Pickton Project Unit in Hopkins County, with additional property in Franklin County. These leases contain legacy gas wells associated with the historic Pickton field, but I would not treat the lease count as 27 producing wells because the wells are being used/redeveloped for underground gas storage rather than conventional production.
Attribute Overview Company Pickton Gas Storage LLC Headquarters Dallas, Texas Texas Operator # 103775 Primary area Northeast Texas Core county Hopkins County Associated leases ~27 Asset type Underground natural gas storage Reservoir Pickton / Bacon Lime Planned working gas capacity 35 Bcf Target deliverability 700+ MMcf/d New pipeline ~45 miles Pipeline interconnects 5 major systems
The legacy Pickton storage field has an established operating history. As recently as January 2026, the Texas Railroad Commission reported the Pickton (Bacon Lime) storage field with approximately 2.34 Bcf of working gas and 15 MMcf/d of reported maximum withdrawal capability under the prior operator, Sulphur River Exploration.
Major Expansion Underway
This is a particularly interesting account because Pickton reached Final Investment Decision in July 2026 on a major redevelopment of the storage facility and a new transportation/trading hub. Tailwater Capital invested in Pickton, while the company also closed a new project-finance debt facility to fund construction.
The planned development includes new horizontal storage wells, compressor stations and approximately 45 miles of new gas transmission pipeline connecting the storage facility to the Paris Hub. When complete, Pickton expects approximately 35 Bcf of working gas capacity, 700+ MMcf/d of deliverability and bi-directional connections with five major interstate and intrastate pipeline systems.
Pickton is led by the former management team of NorTex Midstream Partners, giving the company an experienced natural gas storage development and operations team. Sulphur River Gathering contributed the underlying reservoir and infrastructure assets and is continuing to participate as the project advances.
CRM / Sales Assessment
I would classify Pickton as a high-priority development/project account, despite its relatively small well inventory. The opportunity is driven by new horizontal storage wells + compressor stations + 45-mile pipeline + five interconnects + storage facility redevelopment, rather than producing-well count.
For oilfield and midstream service companies, potential opportunities include drilling, directional drilling, well construction, cementing, compression, pipeline construction, valves, measurement, automation/SCADA, electrical, integrity, corrosion control, facility construction and environmental services.
Two-Sentence Summary
Pickton Gas Storage LLC is a Dallas-based natural gas storage and midstream company redeveloping the Pickton field in northeast Texas into a 35-Bcf high-deliverability storage facility with more than 700 MMcf/d of targeted deliverability. The company reached FID in July 2026 and plans new horizontal storage wells, compressor stations and a 45-mile pipeline connecting the facility to five major pipeline systems at the new Paris Hub, making it a significant near-term infrastructure development account.
Author: phinds