The Pickton Gas Storage project, located across Hopkins, Delta, and Lamar counties, will feature 35 billion cubic feet of working gas capacity. Central to the development is the Paris Hub, a new trading and transportation nexus designed with bi-directional interconnects to five major intrastate and interstate pipelines. This infrastructure is intended to provide market liquidity and grid stability for the Texas and Gulf Coast regions.

Tailwater Capital is funding the venture through its Tailwater Fund V, renewing a partnership with the leadership team that previously operated NorTex before its 2022 sale to The Williams Companies. Sulphur River Gathering, which has held the site's permits and reservoir rights since 2019, remains a partner in the project's construction and commercialization phases. Financing was secured through a consortium led by Investec Inc., with participation from Deutsche Bank AG, Starwood Infrastructure Finance, BankUnited, and BOK Financial.

With the initial phase already fully contracted, the facility is scheduled to begin commercial operations in the spring of 2028. According to Pickton CEO John Holcomb, the project is designed to address the significant growth in natural gas consumption driven by industrial expansion and power generation needs across the state.