Crosstex Energy Receives Prestigious Safety Award from Gas Processors Association
May 07 2007 - 6:30AM
Business Wire
The Gas Processors Association (GPA) has recognized Crosstex
Energy, L.P. (NASDAQ: XTEX) (the Partnership) for the company�s
outstanding safety record in 2006 and awarded Crosstex second place
in the GPA�s Division I category. Crosstex employees worked more
than 815,000 hours in 2006 with the second-lowest incident rate
among the largest companies in the oil and gas industry, operating
in the United States. This is the first year Crosstex has been
honored by the GPA. �This is a great accomplishment for Crosstex
employees. We are honored the GPA has recognized us for our
exceptionally safe on-the-job performance,� said Barry E. Davis,
Crosstex President and Chief Executive Officer. �Safety is the top
priority at Crosstex. I commend our operating and support personnel
for their dedication and commitment to safety.� The GPA, an
incorporated nonprofit trade association with 110 corporate members
in the natural gas processing industry, categorizes U.S. energy
companies in three divisions based on hours worked and then judges
them for their safety achievements. The Division I category
includes companies with more than 500,000 hours worked annually.
About the Crosstex Energy Companies Crosstex Energy, L.P., a
midstream natural gas company headquartered in Dallas, operates
over 5,000 miles of pipeline, 12 processing plants, four
fractionators, and approximately 160 natural gas amine-treating
plants in service and approximately 35 dew point control plants.
Crosstex currently provides services for over 3.0 Bcf/day of
natural gas, or approximately 6.0 percent of marketed U.S. daily
production based on August 2006 Department of Energy data. Crosstex
Energy, Inc. (NASDAQ: XTXI) (the Corporation) owns the two percent
general partner interest, a 42 percent limited partner interest,
and the incentive distribution rights of Crosstex Energy, L.P.
Additional information about the Crosstex companies can be found at
www.crosstexenergy.com.
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