DALLAS, Jul 10, 2003 (BUSINESS WIRE) -- Crosstex Energy, L.P.
(NasdaqNM: XTEX), a Texas-based midstream natural gas company, today
announced its board had authorized an increase in its third quarter
distribution on its common and subordinated units by $0.15 per common
unit to $0.70 per quarter, or $2.80 annually. The company also
announced the declaration of its second quarter distribution on its
common and subordinated units of $0.55 per unit on August 15, 2003,
payable to holders of record on July 31, 2003.
Crosstex Energy, L.P., a mid-stream natural gas company
headquartered in Dallas, operates approximately 2,500 miles of
pipeline, three processing plants, and approximately 40 natural gas
amine treating plants. Crosstex currently provides services for over
1,000,000 MMBtu/day of natural gas. Crosstex Energy was ranked first
in the Mastio & Co. 2002 Producer Purchaser Satisfaction Survey of
nearly 400 gas producers. Additional information about Crosstex can be
found at 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 or
incorporated herein may 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.
SOURCE: Crosstex Energy, L.P.
Crosstex Energy L.P., Dallas
Barry E. Davis or William W. Davis, 214-953-9500
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