DALLAS--(BUSINESS WIRE)--Oct. 3, 2006--Crosstex Energy L.P.
(Nasdaq:XTEX) (the Partnership) announced that it has purchased the
amine-treating business of Cardinal Gas Solutions Limited Partnership.
The acquisition adds 12 dew point control plants and eight
amine-treating plants to Crosstex's plant portfolio. The company now
has 168 amine-treating plants and 37 dew point control plants in
"As an industry leader in providing treating services and renting
treating equipment, we focus on quality asset additions in or near our
operational areas," said Barry E. Davis, Crosstex President and Chief
Executive Officer. "This acquisition allows us to expand our treating
services and improve our market responsiveness. We look forward to
partnering with Cardinal's existing customers and expanding our
services in areas served by Cardinal."
About the Crosstex Energy Companies
Crosstex Energy, L.P., a midstream natural gas corporation
headquartered in Dallas, operates over 5,000 miles of pipeline, twelve
processing plants, four fractionators, and approximately 168 natural
gas amine-treating plants in service and 37 dew point control plants.
Crosstex currently provides services for over 3.0 Bcf/day of natural
gas, or approximately 6.0 percent of marketed U.S. daily production
based on August 2005 Department of Energy data.
Crosstex Energy, Inc. (Nasdaq:XTXI) (the Corporation) owns the two
percent general partner interest, a 42 percent limited partner
interest, and the incentive distribution rights of Crosstex Energy,
Additional information about the Crosstex companies can be found
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 constitute forward-looking statements. Although the companies
believe that the expectations reflected in the forward-looking
statements are reasonable, they can give no assurance that such
expectations will prove to be correct.
CONTACT: Crosstex Energy L.P.
Crystal C. Bell, 214-721-9407
Jill McMillan, 214-721-9271
SOURCE: Crosstex Energy L.P.