<< Read Full Article

Crosstex To Sell $220M In Assets To Southcross

Stock quotes in this article: XTEX , XTXI  

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. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,285.97 1,091.93 2,172.99 33.92
Oil *
75.40
DOWN
104.14
DOWN
11.32
DOWN
16.62
DOWN
0.56
10 Yr
3.39%
SPDR Gold
110.95
-1.00%
-1.03%
-0.76%
-1.62%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services