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

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Crosstex Completes Acquisition of Hanover Assets

Feb 02, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Crosstex Energy, L.P. (Nasdaq: XTEX) (the Partnership) announced it has completed the previously- announced purchase of the U.S. amine treating rental assets from Hanover Compression Limited Partnership, a subsidiary of Hanover Compressor Company (NYSE: HC), for approximately $51.5 million. The acquired assets include 48 plants.

"The employees at Hanover have built a thriving niche in this market, and we are excited to bring them into the Crosstex fold," said Barry E. Davis, President and Chief Executive Officer of Crosstex Energy. "We believe the growth opportunities for our Treating services are strong, and we look forward to working with our expanded team in pursuing them."

About Crosstex

Crosstex Energy, L.P., a mid-stream natural gas company headquartered in Dallas, operates over 5,000 miles of pipeline, nine processing plants, four fractionators, and approximately 150 natural gas amine treating plants. Crosstex currently provides services for approximately 2.6 Bcf/day of natural gas, or approximately 4.9 percent of marketed U.S. daily production based on August 2005 Department of Energy data.

Crosstex Energy, Inc. (Nasdaq: XTXI) owns the two percent general partner interest, a 37 percent limited partner interest, and the incentive distribution rights of Crosstex Energy, L.P.

Additional information about the Crosstex companies can be found at http://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, including statements regarding the company's opportunities for growth, 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, Executive 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, Executive
V.P. and Chief Financial Officer, both of Crosstex Energy, L.P., +1-214-953-9500
http://www.prnewswire.com

 
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