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

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Crosstex Announces Initial Distribution

DALLAS, Apr 17, 2003 /PRNewswire-FirstCall via COMTEX/ -- Crosstex Energy, L.P. (Nasdaq: XTEX), today announced it will make its initial distribution on its common and subordinated units of $0.576 on May 15, 2003, payable to holders of record on April 30, 2003. The distribution consists of $.076 covering the period from the closing of the Company's IPO through December 31, 2002, and $.50 covering the first quarter of 2003.

Crosstex Energy, L.P., a mid-stream natural gas company headquartered in Dallas, operates over 1,700 miles of pipeline, two processing plants, and over 40 natural gas amine treating plants. Crosstex currently provides services for over 700,000 MMBtu/day of natural gas. Crosstex Energy was ranked first in the Mastio & Co. 2002 Producer Purchaser Satisfaction Survey of nearly 400 gas producers. Additional information about Crosstex 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 or incorporated herein may constitute forward-looking statements. Although the Company 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: Barry E. Davis, President and Chief Executive Officer
William W. Davis, Sr. V.P. and Chief Financial Officer
Phone: (214) 953-9500

SOURCE Crosstex Energy, L.P.

Barry E. Davis, President and Chief Executive Officer, or
William W. Davis, Sr. V.P. and Chief Financial Officer, both of Crosstex
Energy, L.P., +1-214-953-9500

http://www.crosstexenergy.com

 
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