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Crosstex to Acquire Louisiana Intrastate Gas Co.


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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.

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