DALLAS--(BUSINESS WIRE)--Oct. 21, 2015--
Southcross Holdings LP (“Southcross Holdings”) recently placed in
service the second of two natural gas liquids (NGL) fractionation trains
at its Robstown Fractionator (“Robstown”) near Corpus Christi, Texas,
which brings Robstown’s total capacity to 63,000 Bbls/d.
Southcross Holdings owns 100% of Southcross Energy Partners GP, LLC, the
general partner of Southcross Energy Partners, L.P. (NYSE: SXE)
(“Southcross”), limited partner interests in Southcross and multiple
Eagle Ford based midstream assets. The assets at Southcross Holdings,
including Robstown, are available for drop-down into Southcross.
The completion of Robstown, together with the existing Southcross
fractionation assets, provides Southcross with sufficient capacity to
meet its current and projected growth needs for Y-grade produced from
its existing natural gas processing complex. The completion of the
second Robstown fractionation train is an important milestone in the
development of its integrated processing and fractionation complex,
allowing Southcross to deliver additional purity NGL products from the
Robstown facility to customers in the Corpus Christi area.
In addition, Southcross has completed a Y-grade pipeline connecting its
Gregory processing facility to the Bonnie View and Robstown
fractionators. All three of the Southcross South Texas processing
facilities are now connected to both Robstown and Bonnie View providing
greater flexibility to maximize economics and NGL recoveries.
Southcross’ integrated South Texas processing and fractionation complex
is a critical component of the Southcross Advantage, providing enhanced
operational efficiency and reliability that benefits both Southcross and
“The completion of Robstown and the Y-grade pipeline connecting our
Gregory processing plant further enhance the value of our integrated
South Texas system of assets and provides us with capacity to support
future growth,” said John Bonn, President and Chief Executive Officer of
Southcross’ general partner. “Robstown is well positioned to meet the
growing needs of the petrochemical, industrial and export demand in the
Corpus Christi area and it is ideally suited for potential drop-down to
About Southcross Holdings LP
Dallas, Texas based Southcross Holdings LP owns 100% of Southcross
Energy Partners GP, LLC, the general partner of Southcross, as well as a
portion of Southcross’ common units, all of Southcross’ subordinated
units and all of Southcross’ Class B convertible units. Southcross
Holdings also owns gathering, treating and fractionating assets in South
About Southcross Energy Partners, L.P.
Dallas, Texas based Southcross Energy Partners, L.P. (NYSE:SXE) is a
master limited partnership that provides natural gas gathering,
processing, treating, compression and transportation services and NGL
fractionation and transportation services. It also sources, purchases,
transports and sells natural gas and NGLs. Its assets are located in
South Texas, Mississippi and Alabama and include four gas processing
plants, two fractionation plants and approximately 3,200 miles of
pipeline. The South Texas assets are located in or near the Eagle Ford
shale region. Visit www.southcrossenergy.com
for more information.
This press release includes certain statements concerning expectations
for the future that are forward-looking as defined under federal
securities laws. Forward-looking statements include, without limitation,
any statement that may project, indicate or imply future results,
events, performance or achievements, and may contain the words “expect,”
“intend,” “plan,” “anticipate,” “estimate,” “believe,” “will be,” “will
continue,” “will likely result,” and similar expressions, or future
conditional verbs such as “may,” “will,” “should,” “would” and “could.”
Although Southcross believes the expectations and forecasts reflected in
these and other forward-looking statements are reasonable, Southcross
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 Southcross’ actual results in future periods to differ materially
from anticipated or projected results. These risks and uncertainties are
described in Southcross’ Annual Report on Form 10-K and other reports
filed with the Securities and Exchange Commission. Any forward-looking
statements in this press release are made as of the date hereof and
Southcross undertakes no obligation to update or revise any
forward-looking statements to reflect new information or events.
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Source: Southcross Energy Partners, L.P.
Southcross Energy Partners, L.P.
David Lawrence, 214-979-3720