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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.