The implications of southward magnetic fields at the magnetotail neutral sheet to the development of streaming anisotropy of energetic electrons and magnetospheric substorm activity are examined. Magnetic field and energetic particle measurements from the Imp 6 spacecraft, the AE index, and global auroral images from DMSP spacecraft are utilized in this study. Criteria are developed to identify events of southward magnetic fields at the neutral sheet which imply the presence of X-type magnetic neutral lines. Several features of the observations suggest that the southward magnetic fields and the implied X-type neutral lines are associated with magnetic bubbles in the neutral sheet region. It is found that the signatures of magnetic bubbles are sometimes detected in association with tailward streaming and flux enhancement of energetic electrons (47 keV<E<350keV). A cigar-shaped anisotropy in the energetic electron distribution is frequently but not always observed before the onset of tailward streaming of energetic electrons. The tailward streaming is magnetic field-aligned and occurs in the form of bursts, suggestic electrons. The tailward streaming is magnetic field-aligned and occurs in the form of bursts, suggesting that the generating process is activated somewhat quasi-periodically and is not in a steady state. Signatures of magnetic bubbles are also detected without any substantial enhancement or detectable tailward streaming of energetic electrons. By comparing Imp 6 observations with the AW index and global auroral images from DMSP spacecraft. It is found that signatures of magnetic bubbles in the neutral sheet are observed during substorms as well as during quiet geomagnetic conditions, indicating that magnetic bubbles are intrinsic features of the neutral sheet in the magnetotail regardless of substorm activity.