Southcross Energy Partners, L.P. (SXE) (“Southcross”) announces the completion of its new 9.5-mile, 16-inch diameter pipeline that extends north from its Bee Line pipeline. The extension provides Southcross increased access to Karnes County, which is one of the most prolific rich gas producing counties in the Eagle Ford shale, as well as direct connection to other parties’ pipelines transporting volumes from the western Eagle Ford area.
Southcross also announces the completion of a new propane pipeline connecting its Bonnie View fractionator to Enterprise Products Partners, L.P. The completion of this pipeline provides Southcross a second pipeline outlet, in addition to its pipeline connection to Dow Chemical Company, for the delivery of propane.
Additionally, Southcross has commenced construction of a 3.5-mile pipeline addition to its McMullen County system which will broaden its supply reach for rich Eagle Ford gas. A new gas supply contract anchoring the pipeline project will provide in excess of 15 MMcf/d of new liquids-rich gas supply to Southcross’ processing and fractionation complex starting in the fourth quarter of 2013.
Southcross’ rich gas pipeline system in South Texas accesses the Eagle Ford production area as well as a large legacy production area and feeds Southcross’ processing and fractionation plant complex near Corpus Christi, Texas.
This press release includes certain statements concerning expectations for the future that are forward-looking within the meaning of the federal securities laws. Forward-looking statements include, without limitation, any statement that may project, indicate or imply future results, events, performance or achievements, and may contain the words “expect,” “intend,” “plan,” “anticipate,” “estimate,” “believe,” “will be,” “will continue,” “will likely result,” and similar expressions, or future conditional verbs such as “may,” “will,” “should,” “would” and “could.” Although Southcross believes the expectations and forecasts reflected in these and other forward-looking statements are reasonable, Southcross can give no assurance they will prove to be correct. Forward-looking statements contain known and unknown risks and uncertainties (many of which are difficult to predict and beyond management’s control) that may cause Southcross’ actual results in future periods to differ materially from anticipated or projected results. An extensive list of specific material risks and uncertainties affecting Southcross is contained in its Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on April 15, 2013 and other documents and reports filed from time to time with the SEC. Any forward-looking statements in this press release are made as of the date hereof and Southcross undertakes no obligation to update or revise any forward-looking statements to reflect new information or events.
About Southcross Energy Partners, L.P.
Southcross Energy Partners, L.P. is a master limited partnership that provides natural gas gathering, processing, treating, compression and transportation services and NGL fractionation and transportation services. It also sources, purchases, transports and sells natural gas and NGLs. Its assets are located in South Texas, Mississippi and Alabama and include three gas processing plants, two fractionation plants and approximately 2,740 miles of pipeline. The South Texas assets are located in or near the Eagle Ford shale region. Southcross is headquartered in Dallas, Texas. Visit www.southcrossenergy.com for more information.
Kristin Hodges, 214-979-3720