Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.



Devon, Crosstex to partner on new gas business for pipelines, processing

10.22.2013  | 

Devon Energy Corp. and Crosstex Energy Inc. agreed to create a new business that will acquire all of Crosstex’s shares and combine the two companies’ pipelines and processing facilities.

Keywords:

By TINA DAVIS

HOUSTON (Bloomberg) -- Devon Energy and Crosstex Energy agreed to create a new business that will acquire all of Crosstex’s shares and combine the two companies’ pipelines and processing facilities.

The new entity, which has yet to be named, will consist of a master-limited partnership and general partner, both of which will be publicly traded, the companies said in a statement.

The business will have about 7,300 miles of pipelines, 13 processing plants and six fractionators as well as storage, terminals and a trucking fleet to move oil and natural gas.

Devon will be the new company’s largest customer.



Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Related articles

FEATURED EVENT

GasPro North America

Sign-up for the Free Daily HP Enewsletter!

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Should the US allow exports of crude oil? (At present, US companies can export refined products derived from crude but not the raw crude itself.)


66%

34%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2014 Hydrocarbon Processing. © 2014 Gulf Publishing Company.