Crosstex Energy Names Steve Spaulding as Senior Vice President of Processing and Natural Gas Liquids
April 12 2010 - 5:27PM
Business Wire
Crosstex Energy, L.P. (NASDAQ: XTEX) (the Partnership) and
Crosstex Energy, Inc. (NASDAQ: XTXI) (the Corporation) announced
today that Steve Spaulding has joined Crosstex as Senior Vice
President of its Processing and Natural Gas Liquids (NGL)
business.
Previously, Spaulding was manager of the North American
processing and NGL business at Chevron Corp. (NYSE: CVX). He was
responsible for developing and leading trading, marketing,
commercial and business development for Chevron’s equity
production, NGL assets and upstream production projects. During his
20-year tenure at Chevron, Spaulding also managed the commercial
and marketing activities of the company’s midstream assets and was
involved in the development and operations of the 524-mile NGL
pipeline project in southern Louisiana that included the Texaco
Expanded NGL Distribution System (TENDS). Spaulding started his
career in engineering and also served as operations manager for
various processing and NGL assets.
“Steve has tremendous experience in the processing and NGL
business, and we are excited to have him join the Crosstex
management team,” said Barry E. Davis, Crosstex President and Chief
Executive Officer. “Steve will bring strong leadership to the
management of these significant assets and help Crosstex take
advantage of the abundant near- and long-term business
opportunities in the processing and NGL business.”
Spaulding earned a bachelor of science degree in chemical
engineering from the University of Oklahoma.
About the Crosstex Energy
Companies
Crosstex Energy, L.P., a midstream natural gas company
headquartered in Dallas, operates approximately 3,300 miles of
pipeline, nine processing plants and three fractionators. The
Partnership currently provides services for 3.2 billion cubic feet
of natural gas per day, or approximately six percent of marketed
U.S. daily production.
Crosstex Energy, Inc. owns the two percent general partner
interest, a 25 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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