"I am delighted to partner with the Charlesbank team again, and to have their backing for what I am confident will be a strong company, with an excellent foundation," said Mr. Biegler. "The initial Southcross portfolio is an attractive mix of midstream assets that provide a wide range of essential services to customers and producers in historically rich natural gas regions."
The South Texas system consists of approximately 1,400 miles of intrastate gathering and transmission pipelines with throughput capacity of about 600,000 MMBtu/d and two processing facilities with a total processing capacity of approximately 195,000 MMBtu/d. The Mississippi and Alabama systems consist of approximately 780 miles of intrastate gathering and transmission pipelines with throughput capacity of about 185,000 MMBtu/d.
About Charlesbank Capital Partners
About Southcross Energy
For additional information about Southcross Energy, LLC, contact Rick Lemmon at 214-393-7506 or [email protected].
About the Crosstex Energy Companies
Crosstex Energy, LP (the Partnership), a midstream natural gas company headquartered in Dallas, operates approximately 3,300 miles of pipeline, 10 processing plants, three fractionators, and approximately 180 natural gas amine-treating plants and dew-point control plants. The Partnership currently provides services for 3.2 billion cubic feet per day of natural gas, or approximately 6 percent of marketed US daily production.
Crosstex Energy, Inc. (NASDAQ: XTXI) (the Corporation) owns the 2 percent general partner interest, a 33 percent limited partner interest, and the incentive distribution rights of Crosstex Energy, LP.
Additional information about the Crosstex companies can be found at www.crosstexenergy.com
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