Mar 6, 2013 21:19 Crosstex blames sinkhole for lower margins Crosstex blames sinkhole for lower margins Advocate staff report March 06, 2013 Comments The Bayou Corne sinkhole and a weaker processing environment lowered pipeline company Crosstex Energy’s fourth-quarter gross operating margin, the company reported. The Dallas-based firm said revenue less the cost of purchased natural gas and natural gas liquids was down by $9.3 million. Gross operating margins for Crosstex’s Louisiana pipelines and processing plants were down $21.1 million for the year — for the same reasons, the company reported. In September, Crosstex said the sinkhole would force the company to close off a 36-inch pipeline and reroute it. The company was also forced to find alternative natural gas supplies for customers. Closing that section of the pipeline would cost Crosstex $250,000 to $300,000 a month, according to the company. The cost to move the pipeline, a yearlong project, was estimated at $20 million to $25 million.