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Crosstex Celebrates 10 Years of Delivering Success

DALLAS--(BUSINESS WIRE)--Jan. 23, 2007--Crosstex Energy, a leading midstream energy services company, is celebrating 10 years in business. Crosstex provides a full spectrum of value-added services, including natural-gas transportation, treating, processing and marketing in Texas, Louisiana, Oklahoma, Alabama and Mississippi.

Crosstex founder Barry E. Davis, President and Chief Executive Officer, has led the company's expansion campaign. "We started Crosstex as an entrepreneur's dream only 10 years ago and quickly became a strong competitor in the midstream industry," said Davis.

During its first decade of operation, Crosstex has grown through acquisition of underutilized assets, asset enhancement and organic construction. Management focuses on synergistic asset additions in or near the company's operational areas. Crosstex provides natural-gas producers in the prolific Barnett Shale natural-gas play in north central Texas with midstream services, owns and operates the largest intrastate gas pipelines in Louisiana and Mississippi, and is the industry's leading provider in natural gas treating services, with approximately 160 natural gas amine-treating plants in operation.

Crosstex sets itself apart with best-in-class customer service. Since 2003, a leading industry survey has ranked Crosstex as one of the top midstream companies in customer service. "We partner with our customers and are dedicated to their success," said Davis. "We provide top-quality service, so our customers can concentrate on what they do best."

Crosstex stakeholders, including investors, customers, employees, suppliers and vendors, have consistently benefited from management's number-one priority--to maximize the profitability of its assets.

"Ten years ago, we only employed nine people, but now we have a great team of more than 600 loyal employees who have made Crosstex one of the best companies to work for in the industry. They are enthusiastic industry professionals who think like owners and not only get the job done, but get the job done right," said Davis. "Crosstex employees have driven the company's success, and they play a vital role in developing and maintaining our company values, ethics and culture. I congratulate them on making Crosstex what it is today and look forward to working with them to create the Crosstex of tomorrow."

Crosstex entered the public-market arena in December 2002 when Crosstex Energy, L.P. began trading as a master limited partnership (MLP) on NASDAQ under the symbol XTEX. Since that time, the MLP's market value has climbed from $146 million to $1.5 billion. In January 2004, the general partner of the MLP, Crosstex Energy, Inc., began to trade on NASDAQ under the symbol XTXI. Since then, the market value of Crosstex Energy, Inc. has increased from $240 million to $1.4 billion. Crosstex Energy, Inc. was the first owner of a general partner to go public through an initial public offering.

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 Energy data.

Crosstex Energy, Inc. (NASDAQ: XTXI) 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

    CONTACT: Crosstex Energy
             Investor Contact:
             Crystal C. Bell, 214-721-9407
             Investor Relations Specialist,
             Media Contact:
             Jill McMillan, 214-721-9271
             Public Relations Specialist

    SOURCE: Crosstex Energy