Crosstex to add another facility for 25 mil. in Noble/Monroe Co. OH.

http://www.ohio.com/blogs/drilling/ohio-utica-shale-1.291290/crosst...

Three facilities to be built; no specific locations.

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Permalink Reply by evan on May 10, 2013 at 7:38am

Jeffrey you gotta be from UCLA, am i correct

Permalink Reply by The Hiker on May 10, 2013 at 9:28am

Early in the leasing process, the big oil companies (Chesapeake, Shell, etc...) turned up their noses at NE Noble and NW Monroe, while the smaller guys like Antero and Eclipse jumped all over it.  Now this area has become a real sweet spot with big wells like the Miley and Rubel leading the way.   Consol is drilling the area like mad.   REX's Warrior South looks to be fabulous and Gulfport's Belmont wells just over the county line have become famous.  Markwest is building a $200M plant in Noble, and Antero is sinking gathering lines like crazy.   Now Crosstex jumps in.   Can't wait to see the results from the Norman, Yontz and Wayne.   Hang on guys, the ride is only just beginning......   

Permalink Reply by evan on May 10, 2013 at 1:50pm

yes it is hikerr, this place will never be the same but its SO exciting, love it. 

Permalink Reply by H Bale on May 10, 2013 at 5:48pm

Crosstex released their quarterly 10 Q with the SEC. Link to site to download and view:

http://investor.crosstexenergyinc.com/phoenix.zhtml?c=148525&p=...

For those that want to listen to the Quarterly Earnings conference call, this link should connect you to the webcast:

http://investor.crosstexenergyinc.com/phoenix.zhtml?c=148525&p=...

 

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