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| Boardwalk and Southcross Energy to Interconnect Their Systems to Provide Gathering, Transportation and Processing Solutions to Eagle Ford Producers |
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HOUSTON, Jun 15, 2010 (BUSINESS WIRE) --Boardwalk Pipeline Partners, LP (NYSE: BWP) and Southcross Energy, LLC, with its affiliates, today announced that they will work together to provide infrastructure solutions to natural gas producers in the Eagle Ford Shale production area located in South Texas. Boardwalk plans to modify an existing section of its subsidiary Gulf South Pipeline's 30-inch pipeline from Refugio, Texas to Fort Bend County, Texas, so that condensate-rich Eagle Ford Shale gas can be accepted into that pipeline segment. Southcross Energy will connect its existing gathering facilities in South Texas to the newly modified Gulf South pipeline segment so that condensate-rich Eagle Ford gas can then be transported to four Gulf Coast processing plants currently served by Southcross Energy including its Gregory Plant, located near Corpus Christi, Texas. Rolf Gafvert, Chief Executive Officer for Boardwalk and David Biegler, Chairman of Southcross, said, "By leveraging existing assets from both companies, Boardwalk and Southcross Energy are well positioned to offer Eagle Ford Shale gas producers the infrastructure needed to gather, transport and process their condensate-rich gas. We anticipate that portions of our newly proposed solution could be operational later this year and that both companies will seek to expand their pipeline capacity in this region." About Boardwalk Pipeline Partners, LP Boardwalk Pipeline Partners, LP, is a limited partnership engaged, through its subsidiaries, Gulf Crossing Pipeline Company LLC, Gulf South Pipeline Company, LP, and Texas Gas Transmission, LLC, in the interstate transportation and storage of natural gas. Boardwalk's interstate natural gas pipeline systems have approximately 14,200 miles of pipeline and underground storage fields having aggregate working gas capacity of approximately 163 Bcf. About Southcross Energy GP LLC Southcross Energy GP LLC is a midstream natural gas company engaged in the purchase and sale, pipeline transportation, gathering and processing of natural gas. It operates in South Texas, Mississippi and Alabama with a total of more than 2,100 miles of pipeline and gathering assets. Forward-Looking Statements This news release includes forward-looking statements. Although Boardwalk and Southcross Energy believe that their expectations are based on reasonable assumptions, they can give no assurance that such assumptions will materialize or that the proposed transactions will be consummated. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein are enumerated in Boardwalk's Forms 10-K and 10-Q as filed with the Securities and Exchange Commission. SOURCE: Boardwalk Pipeline Partners, LP For Boardwalk: |
