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Stock Market & Financial Investment News

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January 14, 2014
07:10 EDTSXESouthcross says South Texas operations had 'continued growth' in Q4
Southcross Energy Partners announced preliminary results of its South Texas operations during 4Q13. Southcross’ South Texas operations experienced continued growth during the 4Q13. Processed gas volumes increased by approximately 13% over 3Q13 volumes and sales volumes of natural gas liquids were approximately 28% greater than 3Q13 volumes. In excess of 99% of finished NGLs produced at Southcross’ two fractionators were sold at “on-spec” prices during the quarter. David Biegler, chairman, president and CEO said, “4Q13 volumes were in line with our expectations. Southcross enters 2014 with solid operational performance and we believe we are well-positioned to focus on expanding our assets in the Eagle Ford shale.”
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