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Crosstex Energy, Inc.
Trades on the NASDAQ Exchange under the symbol XTXI.
Press Release

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Crosstex Acquires Treating and Dew Point Control Company

DALLAS, May 11 /PRNewswire-FirstCall/ -- Crosstex Energy, L.P. (Nasdaq: XTEX) (the Partnership) announced it has acquired Cardinal Gas Services, a division of Dallas-based Regency Gas Services. The acquisition will add nine gas treating plants to the Partnership's treating business segment, further extending the Partnership's leadership position as the largest operator of treating plants in the industry. As important, the acquisition includes 19 operating gas processing plants, significantly expanding the capability of the Partnership's treating segment in the rapidly growing business of wellhead gas processing for dew point suppression. Also included in the acquisition is a large amount of spare equipment which the partnership plans to rapidly redeploy. Closing of the transaction occurred on May 1.

"This acquisition is a critical addition to the Crosstex treating business, and further expands the capabilities of this rapidly growing business segment. With this, the Graco acquisition that closed in January, and 13 new plants under contract to complete, we will have 27 new plants in operation since the beginning of the year, up 36 percent from the 74 in operation at the end of 2004," said Barry E. Davis, President and Chief Executive Officer of the Crosstex Energy companies. "Most importantly, we can now extend our service capabilities by entering the dew point suppression business, which we believe will experience the same growth trends as amine treating as pipelines become more stringent with quality requirements and focus on managing the hydrocarbon dew point gas in their pipelines."

About Crosstex

Crosstex Energy, L.P., a mid-stream natural gas company headquartered in Dallas, operates over 4,500 miles of pipeline, five processing plants, approximately 90 natural gas amine treating plants and 19 dew point suppression plants. Crosstex currently provides services for approximately 1.9 BCF/day of natural gas.

Crosstex Energy Inc. (Nasdaq: XTXI) owns the general partner, a 54 percent limited partner interest and the incentive distribution rights of Crosstex Energy, L.P.

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 company's opportunities for growth, constitute forward-looking statements. Although the company 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, L.P.
    -0-                             05/11/2005
    /CONTACT:  Barry E. Davis, President and Chief Executive Officer, or
William W. Davis, Executive V.P. and Chief Financial Officer, both of Crosstex
Energy, L.P., +1-214-953-9500/
    /Web site:  http://www.crosstexenergy.com /
    (XTEX XTXI)

CO:  Crosstex Energy, L.P.; Cardinal Gas Services; Regency Gas Services;
     Crosstex Energy Inc.
ST:  Texas
IN:  OIL
SU:  TNM

KS-AP
-- DAW053 --
9854 05/11/2005 14:46 EDT http://www.prnewswire.com

 
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