DALLAS, July 25 /PRNewswire-FirstCall/ -- Crosstex Energy, Inc.
(Nasdaq: XTXI) (the Corporation) announced that effective July 21, 2006, James
C. Crain has joined the board of directors of the Corporation. Mr. Crain
currently serves on the board of directors of Crosstex Energy GP, LLC. Mr.
Crain will also serve on the audit committees of the Corporation and Crosstex
Energy GP, LLC.
"We know Jim well from his past service on the Crosstex Energy GP, LLC
board, and we are excited to have him join the Corporation's board as well,"
said Barry E. Davis, president and chief executive officer of Crosstex.
Since 1989, Mr. 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. Mr. 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. Mr. Crain graduated
from the University of Texas at Austin with a bachelor of business
administration degree, a master's in professional accounting and a doctorate
of jurisprudence. Mr. Crain also serves on the board for the Texas State
About the Crosstex Energy Companies
Crosstex Energy, L.P., a midstream natural gas company headquartered in
Dallas, operates over 5,000 miles of pipeline, ten processing plants, four
fractionators, and approximately 150 natural gas amine treating plants and 22
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. owns the two percent general partner interest, a 42
percent limited partner interest, and the incentive distribution rights of
Crosstex Energy, L.P.
Additional information about the Crosstex companies can be found at
SOURCE Crosstex Energy, Inc.
/CONTACT: investors, William W. Davis, Executive V.P. and Chief Financial
Officer, +1-214-953-9500, or media, Jill McMillan, Public Relations
Specialist, +1-214-721-9271, both of Crosstex Energy, Inc./
/Web site: http://www.crosstexenergy.com /
CO: Crosstex Energy, Inc.; Crosstex Energy, L.P.; Valmora Partners, L.P.;
Crosstex Energy GP, LLC; Jenkens & Gilchrist; Marsh Operating Company
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0131 07/25/2006 12:54 EDT http://www.prnewswire.com