DALLAS--(BUSINESS WIRE)--Jan. 9, 2012--
The Crosstex Energy companies, Crosstex Energy, L.P. (NASDAQ:XTEX) (the
Partnership) and Crosstex Energy, Inc. (NASDAQ:XTXI) (the Corporation),
today announced that Royston Lightfoot has been promoted to Senior Vice
President, Business Development effective immediately. Previously,
Lightfoot was Vice President – Business Manager of the Partnership’s
North Texas asset team.
“Royston has done a tremendous job in leading our North Texas asset team
and is well known and respected in the industry, so he is in a great
position to head our business development efforts. Royston’s leadership
skills, commercial development capabilities and industry wide
relationships will make an important contribution to our success as we
continue to aggressively pursue our growth strategy,” said Barry E.
Davis, Crosstex President and Chief Executive Officer.
Lightfoot has more than 30 years of midstream experience. Since joining
Crosstex in 2008, he has managed the Partnership’s North Texas assets.
His responsibilities included optimizing pipeline, gathering and
processing systems, developing and maintaining producer customer
relationships, and pursuing new projects in and around the Partnership’s
existing assets and in new areas. Previously, Lightfoot held several
executive positions with various companies in the midstream sector,
including founding, financing and developing several start-up
businesses. He graduated from Texas A&M University with a bachelor of
science degree in civil engineering.
About the Crosstex Energy Companies
Crosstex Energy, L.P., a midstream natural gas company headquartered in
Dallas, operates approximately 3,300 miles of pipeline, nine processing
plants and three fractionators. The Partnership currently provides
services for 3.2 billion cubic feet of natural gas per day, or
approximately six percent of marketed U.S. daily production.
Crosstex Energy, Inc. owns the two percent general partner interest, a
25 percent limited partner interest and the incentive distribution
rights of Crosstex Energy, L.P.
Additional information about the Crosstex companies can be found at www.crosstexenergy.com.
Source: Crosstex Energy
Jill McMillan, 214-721-9271
Public & Industry Affairs