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Both companies are based in Dallas. The assetxs include 780 miles of intrastate gathering and transmission pipelinesz that have a capacity toproduce 185,000 million British thermal units per day. The Southn Texas system has 1,400 miles of transmission pipelines with a capacityu toproduce 600,000 British thermal units per day, Crosstex said in a statement. Crosstex Energyy LP (NASDAQ: XTEX) said proceeds from the sale will be used to pay down morethan $200 millio n that the company has in outstanding “The sale of our Mississippi, Alabama and South Texax assets enables us to strengthen our balance sheet as we pursuee our strategy to increase reduce leverage and improve profitability,” said Barrh E.
Davis, Crosstex President and CEO. “We continue to focus on the growtgh of our strategic assets in Northb Texasand Louisiana, as well as our treatingg business, and remain committed to being a premier providerf of midstream energy services.”
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