The project includes a seven-mile low-pressure pipeline, an eight-mile high-pressure pipeline and a compressor station in southwest Tarrant County that will provide customers with takeaway capacity to accommodate their transportation requirements, the company said.
The anticipated peak flow rate of the new gathering system in 2012 is more than 100 million cubic feet per day. The project, scheduled to be completed and operational in the first-quarter of 2011, is expected to have throughput of approximately 100 billion cubic feet of gas during the first four years of operation.
Barry Davis, president and CEO of Crosstex Energy, said: “We are capitalizing on our great asset position in the heart of the Barnett Shale where we see many opportunities for incremental growth. We will continue to identify and invest in low-cost, high-return projects in North Texas.
“We also are focusing on the optimization of our core positions in the Haynesville Shale and throughout Louisiana, as well as in the Barnett Shale, and providing top-quality, cost-effective services for all our customers.”
