Enlink Midstream Partners Lp (NYSE:ENLK)

CAPS Rating: 2 out of 5

An independent midstream energy company, which is engaged in the gathering, transmission, treating, processing and marketing of natural gas and natural gas liquids, or NGLs.

Recs

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Player Avatar HendrixGal (< 20) Submitted: 5/8/2008 8:06:01 PM : Outperform Start Price: $21.95 ENLK Score: -6.94

Full Time Employees:   700

BUSINESS SUMMARY   
Crosstex Energy, L.P., through its subsidiaries, operates as an independent midstream energy company. The company operates in two segments, Midstream and Treating. The Midstream segment focuses on the gathering, processing, transmission, and marketing of natural gas and natural gas liquids in Texas Gulf Coast in the north Texas Barnett Shale area, and in Louisiana and Mississippi. It also offers natural gas marketing services on behalf of producers for natural gas. As of December 31, 2007, this segment had approximately 5,000 miles of pipeline, 12 natural gas processing plants, and 4 fractionators. The Treating segment focuses on the removal of impurities, such as carbon dioxide and hydrogen sulfide from natural gas prior to delivering the gas into pipelines in the Texas and Louisiana gulf coast. It also involves in dew point control business. This segment had approximately 225 natural gas amine-treating plants and 55 dew point control plants. Crosstex Energy GP, L.P. serves as the general partner for Crosstex Energy, L.P. The company was founded in 1992 and is based in Dallas, Texas.

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