Midstream - Pipelines | Capital Markets | Private Equity Activity
Southcross' Eagle Ford Pipeline Expansion Nears Completion
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Southcross Energy Partners, L.P. has reported that its new lateral pipeline extending its McMullen County system further into the Eagle Ford shale region is on schedule and projected to be completed this month.
The pipeline is expected to bring more than 15 MMcf/d of rich gas to Southcross’ processing and fractionation complex starting in November 2013.
David Biegler, Chairman, President and Chief Executive Officer of Southcross’ general partner, commented: "Volume additions from pipeline laterals off of our core system are examples of incremental gas supply additions that continue to provide growth prior to our next major pipeline addition. We are expanding our pipeline network in the Eagle Ford to capture processing volumes and to meet growing demand for the integrated services that we offer."
Southcross’ South Texas operations experienced steady performance during the third quarter of 2013 with processed gas volumes approximately 9% greater than second quarter 2013 volumes and sales volumes of natural gas liquids (NGL) approximately 17% greater than second quarter 2013 volumes. In excess of 99% of finished NGLs produced at Southcross’ two fractionators were sold at “on-spec” prices during the quarter.
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