The Crosstex Energy companies, Crosstex Energy, L.P. and Crosstex Energy, Inc., announced that the Corporation has agreed to invest approximately $25 million in a third natural gas compression and condensate stabilization facility in the Ohio River Valley. The Corporation will make the investment in E2, a company formed in March 2013 with the former management of Enerven Compression Services to provide services for producers in the liquids-rich window of the Utica Shale play. The Corporation's initial investment commitment in E2 of approximately $50 million is funding the construction of two similar facilities. The E2 investment complements the Partnership's assets in the Ohio River Valley, which encompass crude oil, condensate and logistics operations in the Utica and Marcellus Shale plays.

'We are pleased to make this additional investment in E2 and expand our midstream platform in the Ohio River Valley. We are enthusiastic about the potential of the Utica and expect there will be many similar future transactions as we build our business in this region,' said Barry E. Davis, Crosstex President and Chief Executive Officer.

Tags: Crosstex Energy companies