Our company was founded in December of 1996 by a management-led buyout of Comstock Natural Gas (CNG). Prior to the founding of Crosstex Energy, the company operated since 1994 as Comstock Natural Gas, a subsidiary of Comstock Resources. CNG was formed by the acquisition of Ventana Natural Gas, a company founded by Barry E. Davis. One of the assets held by the company in 1996 was an east Texas system called Crosstex Pipeline. This system became the namesake for our entire company upon its formation.
Since the beginning, our plan has been to provide the necessary midstream natural gas services to energy producers and consumers. Crosstex grew rapidly over the years, expanding from Texas into five states along the Gulf Coast, and from nine employees to over 750 in early 2008. In late 2009, Crosstex sold its Mississippi, Alabama and South Texas assets as well as, its natural gas treating business. Today Crosstex operates approximately 3,300 miles of pipeline with operations in North Texas and Louisiana, 10 processing plants, and three fractionators. The company provides services for 3.2 billion cubic feet per day of natural gas, or approximately six percent of marketed U.S. daily production.
Our success comes from our belief in our core values and our constant pursuit of the original goal: To build a great company that will last.
XTEX LP 10K :
Notice Long Term Nat Gas Diverging, Going Up, Very Good For MPL