DALLAS, May 27, 2008 (BUSINESS WIRE) -- Crosstex Energy, L.P. (NASDAQ: XTEX) (the Partnership) and
Crosstex Energy Inc. (NASDAQ: XTXI) (the Corporation) announced today
that the Boards of Directors of both entities have elected Barry E.
Davis Chairman of the Board of Crosstex Energy GP, LLC (the general
partner of Crosstex Energy GP, L.P., the general partner of the
Partnership) and Chairman of the Board of the Corporation. The
Chairman position is added to Davis' present duties as President and
Chief Executive Officer of both Crosstex companies.
In addition, Bryan H. Lawrence, formerly Chairman of both Boards,
will serve as the Lead Director on the Board of Crosstex Energy, Inc.,
and Rhys J. Best will serve as the Lead Director on the Board of
Crosstex Energy GP, LLC. Both Boards elected Leldon E. Echols Chairman
of their Audit Committees.
Crosstex Management Appointments
Stan Golemon has joined Crosstex Energy, L.P. as Senior Vice
President of Engineering & Operations, and Jennifer Johnson has been
promoted to Senior Vice President of Human Resources and Organization
Development. Golemon and Johnson report to Bob Purgason, Crosstex
Executive Vice President and Chief Operating Officer.
Golemon has 23 years of diversified experience in the upstream and
midstream sectors of the energy industry. During his career, he has
held various management positions with Arco, Arrington Corporation and
Anadarko Petroleum Corporation. Most recently, Golemon led midstream
engineering efforts for Anadarko's southern division. He also served
on the Board of Directors of the Gas Processors Association.
Johnson joined Crosstex in 2004 as Vice President of Human
Resources and Organization development. A key member of Crosstex's
management team, she has helped lead the organization through a period
of tremendous growth while enhancing the company's human resources
capabilities. Johnson has more than 24 years of operations and human
resources experience in various industries. She is a member of the
Southern Gas Association's Human Resources Executive Committee.
About the Crosstex Energy Companies
Crosstex Energy, L.P., a midstream natural gas company
headquartered in Dallas, operates over 5,000 miles of pipeline, 12
processing plants, four fractionators, and approximately 190 natural
gas amine-treating plants and dew-point control plants. Crosstex
currently provides services for over 3.5 billion cubic feet per day of
natural gas, or approximately 7.0 percent of marketed U.S. daily
Crosstex Energy, Inc. owns the two percent general partner
interest, a 34 percent limited partner interest, and the incentive
distribution rights of Crosstex Energy, L.P.
Additional information about the Crosstex companies can be found
SOURCE: Crosstex Energy, L.P.
Crosstex Energy, L.P.
Crystal C. Bell, 214-721-9407
Investor Relations Specialist
Jill McMillan, 214-721-9271
Manager of Public & Industry Affairs