Crosstex Energy Invests $140M In Permian Basin Project

Law360, New York (October 28, 2013, 3:01 PM EDT) -- Dallas-based Crosstex Energy LP and Crosstex Energy Inc. announced Monday that they will invest approximately $140 million in building a new natural gas processing complex and rich gas gathering pipeline system in the Permian Basin.

The companies’ initial $140 million investment will go toward building what’s described as a new-build processing complex that will include treating, processing and gas takeaway solutions for regional producers, the Crosstex companies said in a statement.

The complex, called Bearkat, will be strategically located near the Crosstex companies’ existing Deadwood joint...
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