DALLAS, Apr 29, 2008 (BUSINESS WIRE) -- Crosstex Energy, L.P. (NASDAQ: XTEX) (the Partnership) today
announced an agreement with Contango Operators, Inc. to process gas
from Contango's Mary Rose gas field discoveries that successfully
tested deep-shelf plays in the Gulf of Mexico. The gas will be
transported through an interstate natural gas pipeline to Crosstex's
Pelican plant near Patterson, Louisiana, from Contango's production
platform on Eugene Island Block 11.
Beginning in late April, the Pelican plant is scheduled to process
up to 100 million cubic feet of gas per day (MMcf/d) as Contango
initiates production from its Mary Rose-1 and -3 wells. As Contango
develops the field, the company expects production could increase to
as much as 250 MMcf/d. Crosstex's Pelican plant currently is
processing approximately 200 MMcf/d, and the facility has a designed
capacity to process 600 MMcf/d.
"Crosstex's assets in southern Louisiana provide us with a
large-scale gas processing presence on the Gulf Coast. We are excited
about this project and look forward to a long-term working
relationship with Contango, a deep-shelf producer and new customer,"
said Barry E. Davis, Crosstex President and Chief Executive Officer.
"Pelican is just one of several Crosstex processing plants in
Louisiana straddling segments of interstate pipelines that gather gas
produced in the Gulf of Mexico. Consequently, we are well positioned
to process offshore production headed for markets in the upper Midwest
and northeastern U.S."
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