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Crosstex to Acquire Louisiana Intrastate Gas Co.


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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SKF, Hanbell To Develop Magnetic Chiller Compressors

SKF has signed a strategic cooperation agreement with Hanbell to jointly developing magnetic chiller centrifugal compressors.

GE To Pull Operations Out Of Waukesha

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EIA: Natural Gas Prices Drop, Storage Increases

Natural gas prices dropped in most market locations across the United States during the Sept. 9 to Sept. 16 report week, according to the Energy Information Administration.

GE Upgrading Pemex Compressor Trains

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