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Crestwood to Significantly Ramp Up Spending in 2014; Focus on NGLs, Crude
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Crestwood Midstream Partners LP and Crestwood Equity Partners LP have provided preliminary financial and operating guidance for 2014.
Crestwood’s 2014 strategic plan includes estimates for the combined operations of the legacy Inergy Midstream, L.P. and legacy Crestwood Midstream Partners LP businesses which merged on October 7, 2013.
Robert G. Phillips, Chairman, President and Chief Executive Officer of Crestwood’s general partner, commented: "We are excited about Crestwood’s opportunities in 2014, and pleased to provide guidance that we believe demonstrates the merits of the transformational merger we completed this year. Since announcing our business combination in May, we have focused on executing our strategy to leverage our operational critical mass in liquids-rich and crude oil…
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