Southcross Energy Partners, L.P. (NYSE: SXE) (“Southcross” or the “Partnership”) is announcing the completion of its Bonnie View fractionator, adding capacity of 22,500 barrels per day (“Bbls/d”) to the Partnership’s total fractionation capacity. The Bonnie View fractionator is located in Refugio County, Texas, complementing Southcross’ new 200 million cubic feet per day (“MMcf/d”) Woodsboro gas processing facility, and near the Partnership’s Gregory gas processing and fractionation facility, which is capable of processing 135 MMcf/d and fractionating 4,800 Bbls/d. Combined, these South Texas facilities and related pipelines comprise Southcross’ South Texas gas processing and fractionation complex. The ethane product produced at Southcross’ fractionators is sold via pipeline to a unit of Dow Chemical Company (“Dow”). Propane and heavier products produced are sold to Dow and other entities via pipeline and truck transport.
“Our investments in South Texas create a fully integrated solution for our customers, especially for natural gas producers operating in the Eagle Ford shale area, seeking gathering, processing and fractionation services and attractive direct market outlets for NGL products and residue gas,” said David Biegler, Southcross’ Chairman, President and Chief Executive Officer.
The Bonnie View fractionator expansion brings Southcross’ total fractionation capacity in its South Texas complex to 27,300 Bbls/d, complementing its 335 MMcf/d of existing gas processing capacity.
Forward Looking StatementsThis press release includes certain statements concerning expectations for the future that are forward-looking within the meaning of the federal securities laws. Although we believe the expectations and forecasts reflected in these and other forward-looking statements are reasonable, we can give no assurance they will prove to be correct. Forward-looking statements contain known and unknown risks and uncertainties (many of which are difficult to predict and beyond management’s control) that may cause our actual results in future periods to differ materially from anticipated or projected results. An extensive list of specific material risks and uncertainties affecting us is contained in our Rule 424(b) (4) Prospectus filed with the Securities and Exchange Commission (“SEC”) on November 2, 2012 and other documents and reports filed from time to time with the SEC. We caution you not to place undue reliance on our forward-looking statements, which speak only as of the date of this press release, and we undertake no obligation to update or revise any forward-looking statements to reflect new information or events.