I Squared Capital acquires Spire natural gas storage assets for $650 million

  • I Squared Capital completed its acquisition of Spire’s natural gas storage businesses in Wyoming and Oklahoma.
  • Assets moved into newly formed Bear River Midstream, an independent natural gas storage platform.
  • Wyoming operations rebranded as Stallion Gas Storage with up to 55 Bcf working gas capacity near the Opal Hub.
  • Salt Plains Gas Storage in Manchester, Oklahoma adds 17 Bcf working gas capacity serving the Mid-Continent market.
  • Scott Smith, former president of Spire Storage, will lead Bear River Midstream as chief executive.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. I Squared Capital LLC published the original content used to generate this news brief on June 30, 2026, and is solely responsible for the information contained therein.