DALLAS--(BUSINESS WIRE)--Aug. 27, 2012--
The Crosstex Energy companies, Crosstex Energy, L.P. (NASDAQ: XTEX) (the
Partnership) and Crosstex Energy, Inc. (NASDAQ: XTXI) (the Corporation),
today announced that Paul A. Weissgarber has been named Senior Vice
President of Ohio River Valley effective immediately. Previously,
Weissgarber served as a Crosstex consultant since December 2011,
specifically to assist with the development of the Partnership’s
oilfield water and natural-gas-to-liquids businesses. He was
instrumental in the recent acquisition of the Partnership’s Ohio River
“Paul has done an outstanding job in supporting our growth strategy to
enhance our scale and diversification. He will lead the efforts to
maximize the investment of our new Ohio River Valley business as we
aggressively pursue growth in this area. I am confident his leadership
abilities and oil and gas industry expertise will continue to serve us
well,” said Barry E. Davis, Crosstex President and Chief Executive
Most recently, Weissgarber was a principal at Ernst & Young from
2009-2011 and held senior executive positions, including Global and
Americas Advisory Oil & Gas Sector Leader. He served as a partner at the
global management consulting firm of A.T. Kearney from 1996-2009 when he
managed numerous major energy company accounts, including Crosstex from
2005-2006. Prior to that, Weissgarber was a principal at Gemini
Consulting where he specialized in working with oil and gas clients and
was a consulting and practice leader. Earlier, he was manager, new
project development, at Texas Oil & Gas Corp.
Weissgarber earned a master’s degree in business administration from
Southern Methodist University and a bachelor of science degree in
petroleum engineering from the University of Texas. He is a registered
professional engineer in the state of Texas.
About the Crosstex Energy Companies
Crosstex Energy, L.P., a midstream natural gas company headquartered in
Dallas, operates approximately 3,500 miles of natural gas, natural gas
liquids, and oil pipelines, 10 processing plants and four fractionators.
The Partnership also operates barge terminals, rail terminals, product
storage facilities, brine water disposal wells and an extensive truck
Crosstex Energy, Inc. owns the two percent general partner interest, a
22 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