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Crosstex Energy, Inc.
Trades on the NASDAQ Exchange under the symbol XTXI.
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Crosstex Energy, Inc. Announces Distribution of Common Stock By Investors

DALLAS, Nov. 30 /PRNewswire-FirstCall/ -- Crosstex Energy, Inc. (Nasdaq: XTXI) today announced that it was advised by Yorktown Energy Partners IV, L.P. and Yorktown Energy Partners V, L.P., early investors in Crosstex Energy, Inc., that these entities have distributed an aggregate of 727,475 shares of Crosstex common stock to their limited and general partners, effective November 29, 2004, in accordance with the terms of their respective partnership agreements. After the distributions, Yorktown Energy Partners IV, L.P. and Yorktown Energy Partners V, L.P. collectively hold approximately 6.5 million shares of Crosstex common stock. Crosstex Energy, Inc. has been informed by Yorktown Energy Partners IV, L.P. and Yorktown Energy Partners V, L.P. that they have not made any determination as to the disposition of the remaining Crosstex stock held by either partnership.

Yorktown Energy Partners IV, L.P. and Yorktown Energy Partners V, L.P. have also informed Crosstex Energy, Inc. that the shares distributed can be immediately resold. Crosstex was advised by the principals of the general partners of the Yorktown partnerships that they intend to retain the shares received in the distribution for the foreseeable future.

"While we do not know Yorktown's ultimate strategy to realize the value of their Crosstex investment for their partners, we expect that over time distributions such as this will improve the liquidity available to investors in Crosstex Energy, Inc.," said Barry E. Davis, President and Chief Executive Officer of Crosstex. "In addition, we are gratified that our long-time investors, the principals of the Yorktown general partners, intend to hold their investment in the company."

Shares of Crosstex Energy, Inc. currently receive a dividend of $0.35 per quarter, which is up by 17 percent from the rate it indicated in its initial public offering (IPO) in January of this year. Units of Crosstex Energy, L.P. (Nasdaq: XTEX) currently receive a distribution of $0.43 per quarter, which has been increased by 72 percent since its IPO in December 2002.

About the Crosstex Energy Companies

Crosstex Energy Inc. owns the general partner, a 54.3 percent limited partner interest and the incentive distribution rights of Crosstex Energy, L.P.

Crosstex Energy, L.P., a midstream natural gas company headquartered in Dallas, operates over 4,500 miles of pipeline, five processing plants and over 60 natural gas amine treating plants. Crosstex currently provides services for over 1.5 BCF/day of natural gas.

Additional information about the Crosstex companies can be found at http://www.crosstexenergy.com .

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included herein, including statements regarding the future liquidity available to investors in Crosstex Energy, Inc., constitute forward-looking statements. Although Crosstex Energy, Inc. believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.

Contact: Barry E. Davis, President and Chief Executive Officer

               William W. Davis, Executive V.P. and Chief Financial Officer

Phone: (214) 953-9500

SOURCE  Crosstex Energy, Inc.
    -0-                             11/30/2004
    /CONTACT:  Barry E. Davis, President and Chief Executive Officer, or
William W. Davis, Executive V.P. and Chief Financial Officer, both of Crosstex
Energy, Inc., +1-214-953-9500/
    /Web site:  http://www.crosstexenergy.com /
    (XTXI XTEX)

CO:  Crosstex Energy, Inc.; Yorktown Energy Partners IV, L.P.; Yorktown Energy
     Partners V, L.P.; Crosstex Energy, L.P.
ST:  Texas
IN:  OIL
SU:

CJ-CT 
-- DATU007 --
4926 11/30/2004 07:34 EST http://www.prnewswire.com

 
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