DALLAS, Apr 28, 2008 (BUSINESS WIRE) -- Crosstex Energy, L.P. (NASDAQ:XTEX) (the Partnership), today
announced plans to construct an $80 million natural-gas processing
facility called Bear Creek in the Barnett Shale region of North Texas.
The new plant, which is expected to become operational in the third
quarter of 2009, will have a gas processing capacity of 200 million
cubic feet per day (MMcf/d), increasing the company's total processing
capacity in the Barnett Shale to 485 MMcf/d. The Bear Creek plant will
be strategically located near Crosstex's midstream assets in Hood
"The new Bear Creek facility will allow us to optimize the
performance of our North Texas assets. The fact that we are beginning
to construct this new plant on the heels of starting up the Silver
Creek processing plant in 2007 clearly shows that we expect our
volumes in the Barnett Shale to grow substantially," said Barry E.
Davis, Crosstex President and Chief Executive Officer. "We are excited
that Bear Creek will allow us to become an even better full-service
provider to our customers, some of the most active natural-gas
producers in the area."
Crosstex currently operates three gas processing plants in the
Barnett Shale region with a total capacity of 285 MMcf/d.
About the Crosstex Energy Companies
Crosstex Energy, L.P., a midstream natural gas company
headquartered in Dallas, operates over 5,000 miles of pipeline, 12
processing plants, four fractionators and approximately 190 natural
gas amine-treating plants and dew-point control plants. Crosstex
currently provides services for over 3.5 billion cubic feet per day of
natural gas, or approximately seven percent of marketed U.S. daily
Crosstex Energy, Inc. (NASDAQ:XTXI) (the Corporation), owns the
two percent general partner interest, a 36 percent limited partner
interest, and the incentive distribution rights of Crosstex Energy,
Additional information about the Crosstex companies can be found
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
All statements other than statements of historical facts included
herein constitute forward-looking statements. Although the companies
believe that the expectations reflected in the forward-looking
statements are reasonable, they can give no assurance that such
expectations will prove to be correct.
SOURCE: Crosstex Energy, L.P.
Crosstex Energy, L.P.
Crystal C. Bell, 214-721-9407
Investor Relations Specialist
Jill McMillan, 214-721-9271
Manager, Public & Industry Affairs