DALLAS, Dec. 13 /PRNewswire-FirstCall/ -- Crosstex Energy, L.P.
(Nasdaq: XTEX) (the Partnership) and Crosstex Energy, Inc. (Nasdaq: XTXI) (the
Corporation) announced that James C. Crain has been appointed to the board of
directors of Crosstex Energy GP, LLC (the general partner of Crosstex Energy
GP, L.P., the general partner of the Partnership) and, effective as of
January 1, 2006, Cecil E. Martin Jr. has been appointed to the board of
directors of both the Corporation and of Crosstex Energy GP, LLC.
"We are pleased to welcome Jim and Cecil; both of these individuals
possess the expertise and strong character that we look for to bring valuable
contributions to the Crosstex boards," said Barry Davis, president and chief
executive officer of Crosstex. "We look forward to the unique leadership
perspectives that each of these gentlemen will bring to our organization to
help drive our continued growth and success."
Since 1989, Crain has served as president of Marsh Operating Company, an
investments management company focusing on energy investing, and since 1997 as
general partner of Valmora Partners, L.P., a private investment partnership.
Crain climbed the ranks at Marsh, beginning as vice president of land and
legal in 1984. Prior to Marsh, he served as a partner at Jenkens & Gilchrist
where he headed the law firm's energy section. Crain graduated from the
University of Texas at Austin with a bachelor of business administration
degree, a master of professional accounting and a doctor of jurisprudence.
Crain also serves on the board for the Texas State Historical Association.
Martin is president of Bois d'Arc Realty, Inc. and has been a partner in
an independent residential and commercial real estate development since 1991.
From 1973 to 1991 he served as chairman of the public accounting firm Martin,
Dolan and Holton in Richmond, Virginia. Martin began his career as an auditor
at Ernst and Ernst. He holds a bachelor of business administration degree
from Old Dominion University and is a Certified Public Accountant. Martin
also serves on the boards and as chairman of the audit committees for both
Comstock Resources, Inc., a growing independent energy company engaged in oil
and gas acquisitions, exploration and development, and Bois d'Arc Energy
headquartered in Houston.
Crosstex Energy, L.P., a mid-stream natural gas company headquartered in
Dallas, operates over 5,000 miles of pipeline, nine processing plants, four
fractionators, and approximately 115 natural gas amine treating plants.
Crosstex currently provides services for approximately 2.6 Bcf/day of natural
gas, or approximately 4.9 percent of marketed U.S. daily production based on
August 2005 Department of Energy data.
Crosstex Energy, Inc. owns the two percent general partner interest, a
37 percent limited partner interest, and the incentive distribution rights of
Crosstex Energy, L.P.
Additional information about the Crosstex companies can be found at
This press release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
27E of the Securities Exchange Act of 1934, as amended. All statements other
than historical facts included herein, including statements regarding the
anticipated synergies, constitute forward-looking statements. Although the
Partnership 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, Sr. V.P. and Chief Financial Officer
Phone: (214) 953-9500
SOURCE Crosstex Energy, L.P.; Crosstex Energy, Inc.
/CONTACT: Barry E. Davis, President and Chief Executive Officer, or
William W. Davis, Sr. V.P. and Chief Financial Officer, both of Crosstex
Energy, L.P. and Crosstex Energy, Inc., +1-214-953-9500/
/Web site: http://www.crosstexenergy.com /
CO: Crosstex Energy, L.P.; Crosstex Energy, Inc.; Crosstex Energy GP, LLC;
Crosstex Energy GP, L.P.
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6176 12/13/2005 14:17 EST http://www.prnewswire.com