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Stock Market & Financial Investment News

News Breaks
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.”
News For SXE From The Last 14 Days
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November 24, 2014
07:01 EDTSXESouthcross Energy Partners acquires Eagle Ford pipeline system
Southcross Energy Partners, L.P. has completed the acquisition of a natural gas gathering system in McMullen County, Texas. The acquired system consists of eight miles of gathering pipelines within two miles of Southcross’ existing rich gas pipeline network and services customers under acreage dedication contracts. The system was placed into service in 2010. The acquisition of the system has been funded through Southcross’ revolving credit facility and is expected to be immediately accretive to Southcross’ distributable cash flow. Production from the system will be connected as soon as possible to Southcross’ existing pipeline network to be processed at its facilities.

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