From Crosstex Energy on Friday:
FRAZEYSBURG – July 26, 2013 – Ohio Oil Gathering, a subsidiary of Crosstex Energy, L.P. (NASDAQ: XTEX), recently celebrated the reactivation of the company’s Black Run rail terminal by hosting a ribbon cutting ceremony on July 17, 2013 at the Ohio Oil Gathering regional office in Frazeysburg, OH.
The Black Run rail terminal is the first facility to move light oil condensate out of the region to refinery and petrochemical markets. The state-of-the-art rail loading terminal is located on the Ohio Central Railroad allowing the export of Utica Shale light oil condensate production. The facility includes a 20-car rail rack with tracking gangways designed to top load multiple products, including light oil condensate and various grades of crude oil, at a rate of 24,000 barrels per day. The Black Run terminal, which is adjacent to the company’s oil gathering pipeline, will leverage existing tankage and piping, as well as the capabilities of its extensive truck fleet in the Ohio River Valley to take advantage of continued growth in the Utica region.
The company is investing heavily in midstream development as Utica shale production ramps up. To date, the company’s investments include the 2012 acquisition of Clearfield Energy, the recent formation of E2 Energy Services focused on condensate stabilization and natural gas compression, and upgrades to existing storage facilities, trucking operations and brine disposal services.
Local dignitaries, elected officials and business owners were present as Crosstex’s Paul Weissgarber, Senior Vice President of Ohio River Valley, Kevin Hyatt, Vice President of Commercial and Business Development, Michael LeBlanc, Vice President of Operations, Aaron Fleming, Director of Operations, Mark Sterling, Manager of Operations, Chris Middleton, Project Engineer, and Ohio Central Railroad’s John Murray, Assistant Vice President of Sales and Marketing, cut the ceremonial red ribbon to officially reopen the facility. Ohio Oil Gathering LLC, a Subsidiary of Crosstex Energy, Celebrates Reactivation of Black Run Rail Terminal for Export of Utica Shale Production Page 2 of 3
Ohio Oil Gathering, a subsidiary of Crosstex Energy, L.P., celebrates the reactivation of the company’s Black Run rail terminal on the Ohio Central Railroad in Frazeysburg, OH. The terminal is the first facility to move light oil condensate out of the region to refinery and petrochemical markets.
From left to right:
Crosstex employees Kevin Hyatt, Vice President of Commercial and Business Development, Chris Middleton, Project Engineer, Ohio Central Railroad employee John Murray, Assistant Vice President of Sales and Marketing, Crosstex employee Paul Weissgarber, Senior Vice President of Ohio River Valley, Ohio Oil Gathering employee Aaron Fleming, Director of Operations, Crosstex employee Michael LeBlanc, Vice President of Operations, and Ohio Oil Gathering employee Mark Sterling, Manager of Operations.
About the Crosstex Energy Companies
Crosstex Energy, L.P. (NASDAQ: XTEX) is an integrated midstream energy partnership headquartered in Dallas that offers diversified, tailored customer solutions spanning the energy value chain with services and infrastructure that link energy production with consumption. XTEX operates approximately 3,500 miles of natural gas, natural gas liquids and oil pipelines, 10 natural gas processing plants and four fractionators, as well as barge and rail terminals, product storage facilities, brine disposal wells and an extensive truck fleet. XTEX has the right platform, the right opportunities and the right people to pursue its growth-focused business strategy. Ohio Oil Gathering LLC, a Subsidiary of Crosstex Energy, Celebrates Reactivation of Black Run Rail Terminal for Export of Utica Shale Production Page 3 of 3
Crosstex Energy, Inc. (NASDAQ: XTXI) owns the general partner interest, the incentive distribution rights and a portion of the limited partner interests in Crosstex Energy, L.P., as well as the majority interest in a services company focused on the Utica Shale play in the Ohio River Valley.
Additional information about the Crosstex companies can be found at www.crosstexenergy.com.
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