Crosstex Energy Opens Regional Office in Fort WorthCrosstex celebrates the opening of the new Fort Worth office with local compa
January 23 2008 - 5:15PM
Business Wire
The Crosstex Energy, L.P. (NASDAQ:XTEX) team recently celebrated
the opening of the company�s new regional office, a
12,000-square-foot facility located in the International Plaza
building in Fort Worth, Texas. Crosstex�s expansion into Fort Worth
results from the growth of its business in the Barnett Shale region
in north central Texas, the most prolific natural-gas formation in
the United States today. Crosstex provides natural gas gathering,
processing, transmission and other services to natural gas
producers drilling in the Barnett Shale. Crosstex has approximately
50 employees in Tarrant, Denton and Parker counties, and a
companywide employee population of nearly 700 people. Barry E.
Davis, Crosstex President and Chief Executive Officer Crosstex, and
a small group of only nine employees founded the company 11 years
ago. �The Barnett Shale region will continue to be a significant
growth driver for Crosstex in the foreseeable future,� said Davis.
�The new Fort Worth office demonstrates our commitment to expand
our corporate infrastructure in Fort Worth, which we need to
support this growth. We look forward to becoming more involved in
the Fort Worth business community and to working even more closely
with local leaders and residents.� The Fort Worth regional office
will serve as an extension of the company�s Dallas headquarters and
will house both field and corporate functions including
engineering, right-of-way and construction personnel. About the
Crosstex Energy Companies Crosstex Energy, L.P. (the Partnership),
a midstream natural gas company headquartered in Dallas, operates
over 5,000 miles of pipeline, 13 processing plants, four
fractionators, and approximately 200 natural gas amine-treating
plants and dew point control plants. Crosstex currently provides
services for over 3.5 Bcf/day of natural gas, or approximately 7.0
percent of marketed U.S. daily production. Crosstex Energy, Inc.
(NASDAQ:XTXI) (the Corporation) owns the two percent general
partner interest, a 36 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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