Southcross Energy Partners, L.P. yesterday announced that the U.S. Bankruptcy Court for the District of Delaware has confirmed the company’s reorganization plan, according to a press release. The company expects to successfully emerge from chapter 11 protection by the end of the month. Through the court-supervised process, Southcross has completed the sales of its natural gas pipeline network in Corpus Christi, Texas and pipelines and related assets in Mississippi and Alabama and strengthened its financial position by using the proceeds of the sales to significantly reduce its debt. Additionally, as previously announced in November 2019, Southcross acquired the Lancaster Gathering and Treating System from Southcross Holdings LP.
