CALICHE IN THE NEWS

Senior Vice President of Operations Named at Caliche

Houston – June 4, 2018 – Caliche Development Partners, a Houston-based company focused on the development, construction, and operation of subsurface hydrocarbon storage assets and related pipelines in North America, today named Dale Corbello Senior Vice President of Operations. This announcement comes on the heels of their first customer acquisition and long-term agreement for ethylene storage. Dale will leverage his 40 years of midstream pipeline and storage experience leading the operations group at Caliche, including its Coastal Caverns storage facility located in Beaumont, TX.

Most recently, Dale was responsible for over 120 employees, 1,200 miles of pipeline, 15 terminals, and a control center in Mont Belvieu inclusive of assets across the United States. He earned his experience across many levels of operational disciplines, from the field to senior management.

In his new position, Dale will implement and oversee the safety operations and maintenance plan for Caliche’s hydrocarbon storage and pipeline assets. His responsibilities will include ensuring the safe performance of those assets, fulfilling customer contractual requirements, and maintaining operational regulatory compliance. Dale’s team will include employees in both Caliche’s Houston and Beaumont locations.

“Dale brings a unique skill set and unmatched industry experience to our team,” said David Branch, Chief Operating Officer of Caliche Development Partners, LLC. “He began his career with direct field experience, including deep operational knowledge of ethylene and NGL product systems from his time spent with companies like Enterprise Products Partners L.P. and Buckeye Partners. We feel fortunate to have him on board, and look forward to his leadership as we continue to expand our midstream platform and maintain our high ethical safety and performance standards.”

When fully developed, Caliche’s Coastal Caverns storage facility will provide producers and end users up to 32 MMbbl of purpose-built, salt cavern storage facilities.

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About Caliche Development Partners, LLC
Caliche Development Partners, LLC is a Houston, Texas-based company focused on the acquisition, development, construction, ownership, and operation of subsurface hydrocarbon storage assets and related pipelines in North America, with a primary focus on the U.S. Gulf Coast. The company has partnered with North America's oldest dedicated midstream private equity investor, Energy Spectrum Capital, who also brings substantial midstream experience to the Caliche board. Together, the team offers a mixture of deep industry knowledge, positioning the partnership for successful development and ownership. More information about Caliche Development Partners, LLC and Caliche Coastal can be found at http://www.calichestorage.com/caliche-coastal.html. More information about Energy Spectrum Capital can be found at https://www.energyspectrum.com.

Finance Contact: David Saindon – dsaindon@calichestorage.com
Media Contact: Emily C. Walsh – emilycampagnawalsh@gmail.com

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