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Texas Sharon's Bluedaze

Fracking News

Crosstex Energy Flat Busted?

June 19, 2009 By TXsharon

Ut oh! Do they mismanage all their assets this way? If you’re near a pipeline or compressor facility, duck and cover!

Crosstex to Sell Mississippi, Alabama and South Texas Assets for $220 Million

Proceeds from the sale will be used to pay down more than $200 million of the Partnership’s outstanding debt

To jog your memory:
Natural gas pipeline explodes near Lake Weatherford

Flames remain into Tuesday morning after an excavation equipment operator laying pipeline for Crosstex Energy Services out of Dallas, accidentally struck an existing propane pipeline owned by ConocoPhillips at approximately 2 p.m. Monday near FM 730 in central Parker County.


Compressor station blows up

By Matt Smith/msmith@trcle.com

A natural gas compressor station exploded near Godley about midnight Saturday resulting in a fire that could be seen from Cleburne, Cleburne Assistant Fire Chief Keith Scarbrough said. People also reported hearing the explosion from miles away, Scarbrough said.

The facility is owned by Crosstex Pipeline and serves as an entry point for an EOG Resources site. The incident occurred near Farm-to-Market Road 4 and County Road 1228. The cause of the explosion remains under investigation, Scarbrough said.

About Sharon Wilson

Sharon Wilson is considered a leading citizen expert on the impacts of shale oil and gas extraction. She is the go-to person whether it’s top EPA officials from D.C., national and international news networks, or residents facing the shock of eminent domain and the devastating environmental effects of natural gas development in their backyards.

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Filed Under: Pipeline

Comments

  1. Anonymous says

    June 19, 2009 at 11:29 pm

    Crosstex–what a bunch of loosers. Glad to see 'em go. Selling to Southcross?? Crosstex to Southcross–sounds funny.

  2. Anonymous says

    June 20, 2009 at 1:47 pm

    What does an asset sale have to do with safety, which is what I can only guess you are alluding to.

  3. TXsharon says

    June 20, 2009 at 8:20 pm

    Mismanaged assets in which the company is $200 million in debt indicates a lack of judgment and mismanaged assets. Besides, let's not pretend Crosstex has a perfect safety record.

  4. Anonymous says

    June 21, 2009 at 10:26 am

    Misguided Anonymous (8:47) above, with a warped mind like yours, you should go through the revolving door to one of the state agencies! You would fit right in.

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