Pipeline plan: Crosstex employees convene
Crosstex to beef up pipeline
Dallas-based Crosstex Energy said it will spend $225 million to upgrade its Crosstex LIG pipeline system.
The extension of the Crosstex LIG system would include 65 miles of pipeline starting from the existing system near Natchitoches, Louisiana, and ending near Shreveport, where it would connect with the proposed Kinder Morgan Carthage Pipeline.
New gathering laterals connected to the extension will enable North Louisiana producers to access the new line and eight miles of pipeline will be looped to add capacity to move anticipated larger volumes.
The estimated cost for the project is $225 million, with cash flow estimated to be about $40 million per year once the connection is completed.
The Partnership has hired an engineering company to complete a project feasibility study by 30 June. The expansion is expected to be in operation by the summer of 2006.