Edit ModuleShow Tags

Crosstex to Acquire Louisiana Intrastate Gas Co.


Published:

Crosstex Energy L.P., a Texas-based midstream natural gas company, has executed a definitive agreement for the acquisition of the LIG Pipeline Company and its subsidiaries (LIG Inc., Louisiana Intrastate Gas Company, L.L.C., LIG Chemical Company, LIG Liquids Company, L.L.C. and Tuscaloosa Pipeline Company) from American Electric Power for $76.2 million. The acquisition will increase Crosstex's assets to approximately 4,500 miles of pipeline, 1.2 bcfd of transported volumes and over 700 MMcfd day of processing capacity.

Edit ModuleShow Tags

Archive »Recent Articles

J-W Energy Exits Midstream, Upstream Markets

J-W Energy Co. has sold all of its oil and gas and midstream assets to affiliates of Aethon United LP, signaling an end to the company’s run in the upstream and midstream markets.

Siemens To Power The Missing Link

Siemens received an order from the Trans Adriatic Pipeline consortium for six, 15 MW turbo compressor trains. The equipment will be used in the Trans Adriatic Pipeline (TAP), which is part of the Southern Gas Corridor in Europe.

Caterpillar Releases New Displays For Gas Compression Engines

Caterpillar Oil & Gas has introduced its latest operator interface displays for Cat gas compression engines.

EIA: Natural Gas Prices Dip After Steady Increases

At most locations, natural gas spot prices dropped over the June 29 to July 6 report week, according to the U.S. Energy Information Administration (EIA).

Panama Canal Expansion Boosts Global LNG Flow

The newly expanded Panama Canal can handle 90% of the world’s liquefied natural gas (LNG) vessels, with an LNG-carrying capacity up to 3.9 Bcf (0.11 X 109 m3), according to the U.S. Energy Information Administration (EIA).