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Stock Market & Financial Investment News

News Breaks
February 6, 2014
08:09 EDTXTEX, XTXI, APACrosstex Energy announces Permian pipeline extension project
Crosstex Energy L.P. (XTEX) and Crosstex Energy, Inc. (XTXI) announced that the partnership is continuing to expand its gas gathering and processing capabilities in the Permian Basin through a new long term, fee-based agreement with a major oil and gas producer in the region. This agreement builds upon the approximately $210M in investments that Crosstex has already made in the Permian Basin to take advantage of growing production in the region, including its joint venture with Apache (APA), the Mesquite fractionator and the Bearkat gathering and processing complex. In conjunction with the agreement, the partnership is constructing a new 35-mile, 12-inch diameter high-pressure pipeline that will provide gathering capacity for the previously announced Bearkat natural gas processing complex. The incremental investment for the new pipeline extension project is expected to be approximately $70M. The new-build pipeline will originate at the Partnership’s Bearkat gas processing facility, currently under construction in Glasscock County. The pipeline will have a capacity of approximately 100M cubic feet per day and will provide gas takeaway solutions for constrained producer customers in Howard, Martin and Glasscock counties. Right-of-way acquisition is underway and the pipeline is expected to be operational in 2H14.
News For XTEX;XTXI;APA From The Last 14 Days
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September 16, 2014
13:59 EDTAPAApache looking to raise up to $840M for Alberta assets, The Globe and Mail says
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September 10, 2014
09:06 EDTAPAEgypt signs two oil exploration deals with Apache, Reuters reports
Egypt's state news agency MENA reported that the country signed two oil exploration deals worth at least $44M with Apache, reported Reuters. Reference Link

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