Southcross Energy Partners, L.P. (SXE) (“Southcross”) today announced preliminary results of its South Texas operations during the fourth quarter of 2013.
Southcross’ South Texas operations experienced continued growth during the fourth quarter of 2013. Processed gas volumes increased by approximately 13% over third quarter 2013 volumes and sales volumes of natural gas liquids (“NGL”) were approximately 28% greater than third quarter 2013 volumes. In excess of 99% of finished NGLs produced at Southcross’ two fractionators were sold at “on-spec” prices during the quarter.
“Our volumes grew substantially during the last half of 2013,” said David Biegler, Chairman, President and Chief Executive Officer of Southcross’ general partner. “Fourth quarter 2013 volumes were in line with our expectations. Southcross enters 2014 with solid operational performance and we believe we are well-positioned to focus on expanding our assets in the Eagle Ford shale.”
SXE is a midstream MLP
SXE is a midstream MLP
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group