Crosstex Energy Commits to Barnett Shale Energy Education Council.Crosstex Is First Midstream Company to Join North Texas Organization DALLAS -- Crosstex Energy, L.P. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : XTEX) (the Partnership) announced today that it has joined the Barnett Shale The Barnett Shale is a geological formation of economic significance. It consists of sedimentary rocks of Mississippian age in the U.S. State of Texas. The formation is estimated to stretch from the city of Dallas to west of the city of Fort Worth and south, covering 5,000 square Energy Education Council (BSEEC). Crosstex, the first midstream energy services company to join the BSEEC, will help the organization develop public communications about midstream natural gas services, including information on gas gathering, transmission, processing and treating. Crosstex currently owns and operates approximately 700 miles of gathering and transmission pipeline in the North Texas region, three cryogenic processing plants and multiple amine-treating plants. Crosstex recently announced plans for a fourth processing plant and will begin construction later this year. "We are proud to become a member of the BSEEC and align our community education efforts with other leaders in the industry," said Barry E. Davis, Crosstex Chairman, President and Chief Executive Officer. "As the production of natural gas from the Barnett Shale increases, especially in urban areas, it's important our neighbors understand the vital need for infrastructure to transport natural gas to market. We are honored to participate on the BSEEC and stand beside notable energy companies who have made a commitment to improve the communications about the Barnett Shale." BSEEC is a community resource that provides information about natural gas drilling and production in the Barnett Shale, the largest natural gas field in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Barnett Shale encompasses more than 5,000 square miles in 17 North Texas counties and contains more than 26 trillion cubic feet of natural gas. For more information, visit www.bseec.org. In addition to Crosstex, BSEEC members are: Chesapeake Energy Chesapeake Energy (NYSE: CHK) is a producer of natural gas in the United States and according to their 3Q 2007 report, is the largest independent producer, third overall (including majors) and the most active driller of new wells in the US. , Dale Resources, Devon Energy Devon Energy Corporation (NYSE: DVN), headquartered in downtown Oklahoma City, Oklahoma, USA, is one of the world’s leading independent oil and gas exploration and production companies. , EnCana, EOG Resources EOG Resources NYSE: EOG is a Fortune 600 company based in Houston, Texas. This company is one of the largest independent oil and natural gas companies in the United States. History 1999
The company was founded in 1986. , Axia Land Services and Quicksilver quicksilver: see mercury. (1) (QuickSilver Technology, Inc., San Jose, CA, www.qstech.com) A mobile communications company that specializes in a reconfigurable logic chip for cellphones and PDAs. See adaptive computing. Resources. 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 190 natural gas amine-treating plants and dew-point control plants. Crosstex currently provides services for over 3.5 billion cubic feet per day of natural gas, or approximately seven percent of marketed U.S. daily production. Crosstex Energy, Inc. (NASDAQ: XTXI) (the Corporation) owns the two percent general partner interest, a 34 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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