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Crosstex Energy Announces Final Distribution by Yorktown

DALLAS--(BUSINESS WIRE)--March 8, 2007--Crosstex Energy, Inc. (NASDAQ: XTXI) (the Corporation) today announced that it has been advised by Yorktown Energy Partners IV, L.P. and Yorktown Energy Partners V, L.P., early investors in Crosstex Energy, Inc., that these entities have distributed to their partners substantially all of the remaining approximately 2.3 million shares of the Corporation's common stock that they have owned, effective March 5, 2007, in accordance with the terms of their respective partnership agreements. The distributions, which constitute about five percent of the Corporation's outstanding common stock, are consistent with the program that the Yorktown partnerships had implemented during the last several quarters, which has now been completed.

The principals of the Yorktown general partners have advised the Corporation that they collectively continue to hold a substantial portion of the common stock that they have received in the series of distributions.

"These distributions have improved the liquidity available to investors in the Corporation and have removed the overhang of stock that had concerned many of our investors," said Barry E. Davis, President and Chief Executive Officer of Crosstex. "We are grateful for the ongoing support of Yorktown's principals."

About the Crosstex Energy Companies

Crosstex Energy, L.P. (NASDAQ: XTEX) (the Partnership), 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. 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

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 herein, including statements regarding the future liquidity available to investors in Crosstex Energy, Inc., constitute forward-looking statements. Although Crosstex Energy, Inc. 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.

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

    SOURCE: Crosstex Energy, Inc.