DALLAS--(BUSINESS WIRE)--Nov. 20, 2006--The Board of Directors of
Crosstex Energy, Inc. (NASDAQ:XTXI) has approved a three-for-one stock
split in the form of a stock dividend, as the company has previously
Stockholders of record at the close of business on December 1,
2006, the record date for the stock dividend, will be issued two
additional shares of common stock for each share of common stock held
as of that date. The additional shares of common stock will be
distributed on or about December 15, 2006.
Crosstex Energy, Inc. currently has approximately 15.3 million
shares of common stock outstanding. The number of shares of common
stock outstanding will increase to approximately 46 million shares as
a result of the stock split.
About the Crosstex Energy Companies
Crosstex Energy, L.P. (NASDAQ:XTEX), a midstream natural gas
company headquartered in Dallas, operates over 5,000 miles of
pipeline, 12 processing plants, four fractionators, and approximately
160 natural gas amine-treating plants in service and approximately 35
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 2006 Department of
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
CONTACT: Crosstex Energy, L.P.
Crystal C. Bell, 214-721-9407
Investor Relations Specialist
Jill McMillan, 214-721-9271
Public Relations Specialist
SOURCE: Crosstex Energy, Inc.