DALLAS--(BUSINESS WIRE)--June 14, 2004--Crosstex Energy, L.P.
(NasdaqNM:XTEX), a Texas-based midstream natural gas company, has
appointed Rhys J. Best to its Board of Directors.
"Rhys, the chairman, president and chief executive officer of Lone
Star Technologies, Inc. (NYSE:LSS), has expertise in both the energy
and financial markets and is sure to bring knowledge and insight to
our diverse group of directors," said Barry Davis, president and chief
executive officer of Crosstex. "We are thrilled to have him on our
Lone Star, is a management and holding company whose operating
units produce and market premium casing, tubing, line pipe, and other
services for the energy industry as well as specialty tubing products
for the industrial, automotive and power generation industries. Soon
after joining Lone Star in 1989 Best became president and chief
executive officer of Lone Star Steel, the companies' largest operating
unit. He was promoted to president and chief operating officer of the
holding company in August 1997 and assumed the titles of chief
executive officer and chairman in 1998 and 1999, respectively.
Before joining Lone Star, Best held management positions in
banking, including Interfirst Bank in Dallas, Manufacturers Hanover
Corporation of New York and First City Bank Corporation. In 1985, he
became president of First City Dallas, which was the second-largest
bank in the First City system at that time.
Active in a number of energy industry organizations, Best is a
director and past chairman of the Petroleum Equipment Suppliers
Association and is currently a director of the Maguire Energy
Institute of Southern Methodist University. He also serves on the
College of Business Administration Board of Advisors at the University
of North Texas and is involved in a number of community and civic
organizations in the Dallas area.
Best graduated from the University of North Texas with a bachelor
of business administration degree and from Southern Methodist
University with a masters of business administration degree.
Crosstex Energy, L.P., a midstream natural gas company
headquartered in Dallas, operates over 1,700 miles of pipeline, two
processing plants and over 40 natural gas amine treating plants.
Crosstex currently provides services for over 900,000 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
Crosstex Energy, L.P., Dallas
Barry E. Davis, 214-953-9500
William W. Davis, 214-953-9500