Crosstex Energy, Inc.

Sector: Crude Petroleum And Natural Gas Region: TX, United States

Exchange/Ticker: Nasdaq: XTXI

Company Description

Crosstex Energy, Inc. engages in the gathering, transmission, processing and marketing of natural gas and natural gas liquids through its subsidiaries. It connects the wells of natural gas producers in the geographic areas of its gathering systems in order to gather for a fee or purchase the gas production, processes natural gas for the removal of natural gas liquids, transports and ultimately provides natural gas and natural gas liquids to a variety of markets. The company operates through three reportable segments consisting of Natural Gas Gathering, Processing and Transmission operations located in North Texas, Pipelines and Processing plants located in Louisiana and South Louisiana Processing and Natural Gas Liquid Assets. The Natural Gas Gathering, Processing, Fractonation and Transmission segment includes the drilling of wells into gas bearing rock formations and the pipelines receive natural gas from mainline transmission pipelines, processing plants and gathering systems. The Pipelines and Processing Plants segment includes on-system processing Plants. The South Louisiana Processing And Natural gas Liquid segment includes eunice processing plant and fractionation facility, riverside fractionation plant, cajun sibon pipeline system and napoleonville storage facility. The company was founded on April 28, 2000 and is headquartered in Dallas, TX.

Similar to: Far East Energy Corp., Exxon Mobil Corporation, Royal Dutch Shell PLC

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