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 »Archive »

MCO-I Coming To America

Mitsubishi Heavy Industries Compressor International Corp. (MCO-I) has started operating in North America at its facility in Pearland, Texas, south of Houston.

EIA: Natural Gas Prices Increase In Most Locations

Most market locations saw natural gas prices jump during the April 15 to April 22 report week, according to the U.S. Energy Information Administration.

Valerus Recognized For Safety Performance

Valerus received a Gas Processors Suppliers Association (GPSA) Company Safety Award at the 2015 GPSA annual convention in San Antonio, Texas.

GE Adds Propak To Power Packager Program

GE’s Distributed Power business has expanded its Gas Compression Power Packager program in Canada by adding Propak Systems as a new participant at the platinum level.

Nasmyth Group Opens North American Headquarters

Nasmyth Group, a global supplier of precision engineering, products and services, opened its regional North American headquarters.