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Stock Market & Financial Investment News

News Breaks
February 6, 2014
08:09 EDTXTXI, XTEX, 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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January 23, 2015
10:15 EDTAPAApache calls active on renewed takeover chatter
Apache January weekly 66 and 67 calls are active on total call volume of 2,500 contracts (200 puts) on renewed takeover chatter. January weekly call option implied volatility is at 39, February is at 38, April is at 33; compared to its 26-week average of 30 according to Track Data. Active call volume suggests traders taking positions for price movement.
10:09 EDTAPARumor: Apache moves up on renewed takeover chatter
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January 22, 2015
16:14 EDTAPAApache appoints Stephen Riney as CFO
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January 20, 2015
08:06 EDTAPAApache Chairman and CEO Farris to retire, Christmann to succeed as CEO
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