Crosstex Announces Gas Processing Expansion for Permian
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The Crosstex Energy companies, Crosstex Energy, and Crosstex Energy, Inc. have announced the Partnership will expand its natural gas gathering and processing system in the Permian Basin by constructing a new natural gas processing complex and rich gas gathering pipeline system.
The initial investment of approximately $140 million will include treating, processing and gas takeaway solutions for regional producers. The project, which will be fully owned by the Partnership, is supported by long-term, fee-based contracts. The new-build processing complex, called Bearkat, will be strategically located near the Partnership's existing Deadwood joint venture assets in Glasscock County, Texas. The processing plant will have an initial capacity of 60 million cubic feet per day (MMcf/d), increasing…
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