Crosstex Energy Receives Prestigious Safety Award from Gas Processors Association.DALLAS -- The Gas Processors Association (GPA GPA abbr. grade point average Noun 1. GPA - a measure of a student's academic achievement at a college or university; calculated by dividing the total number of grade points received by the total number attempted ) has recognized 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) 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 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. . 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 A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive. Nonprofits are also called not-for-profit corporations. Nonprofit corporations are created according to state law. trade association with 110 corporate members in the natural gas processing Natural gas processing plants, or fractionators, are used to purify the raw natural gas extracted from underground gas fields and brought up to the surface by gas wells. The processed natural gas, used as fuel by residential, commercial and industial consumers, is almost pure 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 mid·stream n. 1. The middle part of a stream. 2. The part of a course that is neither at the beginning nor at the end: the midstream of life. Noun 1. 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 dew point: see dew. 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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