DALLAS--(BUSINESS WIRE)--Feb. 28, 2013--
Southcross Energy Partners, L.P. (NYSE: SXE) (“Southcross” or the
“Partnership”) is announcing the completion of its Bonnie View
fractionator, adding capacity of 22,500 barrels per day (“Bbls/d”) to
the Partnership’s total fractionation capacity. The Bonnie View
fractionator is located in Refugio County, Texas, complementing
Southcross’ new 200 million cubic feet per day (“MMcf/d”) Woodsboro gas
processing facility, and near the Partnership’s Gregory gas processing
and fractionation facility, which is capable of processing 135 MMcf/d
and fractionating 4,800 Bbls/d. Combined, these South Texas facilities
and related pipelines comprise Southcross’ South Texas gas processing
and fractionation complex. The ethane product produced at Southcross’
fractionators is sold via pipeline to a unit of Dow Chemical Company
(“Dow”). Propane and heavier products produced are sold to Dow and other
entities via pipeline and truck transport.
“Our investments in South Texas create a fully integrated solution for
our customers, especially for natural gas producers operating in the
Eagle Ford shale area, seeking gathering, processing and fractionation
services and attractive direct market outlets for NGL products and
residue gas,” said David Biegler, Southcross’ Chairman, President and
Chief Executive Officer.
The Bonnie View fractionator expansion brings Southcross’ total
fractionation capacity in its South Texas complex to 27,300 Bbls/d,
complementing its 335 MMcf/d of existing gas processing capacity.
Forward Looking Statements
This press release includes certain statements concerning expectations
for the future that are forward-looking within the meaning of the
federal securities laws. Although we believe the expectations and
forecasts reflected in these and other forward-looking statements are
reasonable, we can give no assurance they will prove to be correct.
Forward-looking statements contain known and unknown risks and
uncertainties (many of which are difficult to predict and beyond
management’s control) that may cause our actual results in future
periods to differ materially from anticipated or projected results. An
extensive list of specific material risks and uncertainties affecting us
is contained in our Rule 424(b) (4) Prospectus filed with the Securities
and Exchange Commission (“SEC”) on November 2, 2012 and other documents
and reports filed from time to time with the SEC. We caution you not to
place undue reliance on our forward-looking statements, which speak only
as of the date of this press release, and we undertake no obligation to
update or revise any forward-looking statements to reflect new
information or events.
About Southcross Energy Partners, L.P.
Southcross Energy Partners, L.P. is a master limited partnership that
provides natural gas gathering, processing, treating, compression and
transportation services and NGL fractionation and transportation
services for its producer customers. It also sources, purchases,
transports and sells natural gas and NGLs to its power generation,
industrial and utility customers. The Partnership’s assets are located
in South Texas, Mississippi and Alabama and include three gas processing
plants, two fractionation plants and approximately 2,730 miles of
pipeline. The Partnership’s South Texas assets are located in or near
the Eagle Ford shale region. Southcross Energy Partners, L.P. is
headquartered in Dallas, Texas. Visit www.southcrossenergy.com
for more information.
Source: Southcross Energy Partners, L.P.
Southcross Energy Partners, L.P.
Kristin Hodges, 214-979-3720