Crosstex Energy, which in March said it would invest $50 million in two natural gas compressor stations in Noble and Monroe counties, will spend another $25 million for a third facility in eastern Ohio, Youngstown’s Business Journal reports.
Crosstex, a midstream energy firm in Dallas, said it would make the investment in its E2 company. The facility, like the others, is supported by a long-term, fee-based contract with Denver-based Antero Resources.
The compressor stations are the sort of midstream facilities needed to move oil and gas from well sites to end users such as chemical plants, requisite infrastructure still needed in Ohio’s Utica shale play.
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