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Crosstex Energy, L.P.
Trades on the NASDAQ Exchange under the symbol XTEX.
Press Release

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Crosstex Declares Quarterly Distribution and Dividend

DALLAS--(BUSINESS WIRE)--July 24, 2008--The Crosstex Energy companies today announced the declaration of the quarterly distribution for Crosstex Energy, L.P. (NASDAQ: XTEX) (the Partnership) and the quarterly dividend for Crosstex Energy, Inc. (NASDAQ: XTXI) (the Corporation):

    --  The quarterly distribution on the Partnership's common units
        will increase from $0.62 per unit to $0.63 per unit, payable
        August 15 to unitholders of record August 4.

    --  The quarterly dividend on the Corporation's common stock will
        increase from $0.36 per share to $0.38 per share, payable
        August 15 to stockholders of record August 4.

    About the Crosstex Energy Companies

Crosstex Energy, L.P., a midstream natural gas company headquartered in Dallas, operates over 5,000 miles of pipeline, 12 processing plants, four fractionators, and approximately 190 natural gas amine-treating plants and dew-point control plants. Crosstex currently provides services for over 3.5 billion cubic feet per day of natural gas, or approximately seven percent of marketed U.S. daily production.

Crosstex Energy, Inc. owns the two percent general partner interest, a 34 percent limited partner interest, and the incentive distribution rights of Crosstex Energy, L.P.

Additional information about the Crosstex companies can be found at www.crosstexenergy.com.

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 constitute forward-looking statements. Although the companies believe that the expectations reflected in the forward-looking statements are reasonable, they can give no assurance that such expectations will prove to be correct.


    CONTACT: Crosstex Energy
             Investor Contact:
             Crystal C. Bell, 214-721-9407
             Investor Relations Specialist
             Chris.Bell@CrosstexEnergy.com
             or
             Media Contact:
             Jill McMillan, 214-721-9271
             Manager, Public & Industry Affairs
             Jill.McMillan@CrosstexEnergy.com

    SOURCE: Crosstex Energy

 
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