Crosstex Energy to Invest $50M in New Utica Shale Natural Gas Compression and Condensate Stabilization Facilities

The Crosstex Energy companies, Crosstex Energy, L.P. XTEX (the Partnership) and Crosstex Energy, Inc. XTXI (the Corporation), today announced that the Corporation has joined with the former management of Enerven Compression Services to form a new company (E2) that will provide services for producers in the liquids-rich window of the Utica Shale play. The initial investment of approximately $50 million will include new natural gas compression and condensate stabilization facilities. This investment will complement the Partnership's assets in the Ohio River Valley, which encompass crude oil, condensate and logistics operations in the Utica and Marcellus Shale plays. E2 will build, own and operate two gas gathering compressor stations and See full press release