Southcross Energy Partners, L.P. (NYSE:SXE) ("Southcross") today
announced preliminary results of its South Texas operations during the
fourth quarter of 2013.
Southcross' South Texas operations experienced continued growth during
the fourth quarter of 2013. Processed gas volumes increased by
approximately 13% over third quarter 2013 volumes and sales volumes of
natural gas liquids ("NGL") were approximately 28% greater than third
quarter 2013 volumes. In excess of 99% of finished NGLs produced at
Southcross' two fractionators were sold at "on-spec" prices during the
"Our volumes grew substantially during the last half of 2013," said
David Biegler, Chairman, President and Chief Executive Officer of
Southcross' general partner. "Fourth quarter 2013 volumes were in line
with our expectations. Southcross enters 2014 with solid operational
performance and we believe we are well-positioned to focus on expanding
our assets in the Eagle Ford shale."
This press release includes certain statements concerning expectations
for the future that are forward-looking within the meaning of the
federal securities laws. Forward-looking statements include, without
limitation, any statement that may project, indicate or imply future
results, events, performance or achievements, and may contain the words
"expect," "intend," "plan," "anticipate," "estimate," "believe," "will
be," "will continue," "will likely result," and similar expressions, or
future conditional verbs such as "may," "will," "should," "would" and
"could." Although Southcross believes the expectations and forecasts
reflected in these and other forward-looking statements are reasonable,
Southcross can give no assurance they will prove to be correct.
Forward-looking statements contain known and unknown risks and
uncertainties (many of which are difficult to predict and beyond
management's control) that may cause Southcross' actual results in
future periods to differ materially from anticipated or projected
results. An extensive list of specific material risks and uncertainties
affecting Southcross is contained in its Annual Report on Form 10-K
filed with the Securities and Exchange Commission (the "SEC") on April
15, 2013 and other documents and reports filed from time to time with
the SEC. Any forward-looking statements in this press release are made
as of the date hereof and Southcross undertakes no obligation to update
or revise any forward-looking statements to reflect new information or
About Southcross Energy Partners, L.P.
Southcross Energy Partners, L.P. is a master limited partnership that
provides natural gas gathering, processing, treating, compression and
transportation services and NGL fractionation and transportation
services. It also sources, purchases, transports and sells natural gas
and NGLs. Its assets are located in South Texas, Mississippi and Alabama
and include three gas processing plants, two fractionation plants and
approximately 2,740 miles of pipeline. The South Texas assets are
located in or near the Eagle Ford shale region. Southcross is
headquartered in Dallas, Texas. Visit www.southcrossenergy.com
for more information.
Source: Southcross Energy Partners, L.P.