Crosstex To Sell $220M In Assets To Southcross
DALLAS (AP) Natural-gas processor Crosstex Energy LP said Wednesday it is selling its Mississippi, Alabama and South Texas intrastate gathering and transmission pipelines to Southcross Energy LLC for $220 million.
Crosstex said it will use the proceeds to pay down more than $200 million of the partnership's outstanding debt. The sale is expected to close on July 31. Crosstex Energy Inc. owns the 2 percent general partner interest, a 33 percent limited partner interest and the incentive distribution rights of Crosstex Energy LP. Dallas-based Southcross Energy is a newly formed natural-gas transportation and processing company.- Loading Comments...
- Loading Comments...
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,226.94 | 1,093.07 | 2,154.06 | 34.86 |
Oil *
77.65
|
|
UP
203.52
|
UP
23.77
|
UP
41.62
|
DOWN
0.17
|
10 Yr
3.49%
SPDR Gold
108.19
|
|
+2.03%
|
+2.22%
|
+1.97%
|
-0.49%
|
Data delayed 20 minutes |














