DALLAS--(BUSINESS WIRE)--April 23, 2007--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 and
subordinated units of $0.56 per unit will be payable May 15 to
unitholders of record May 2.
-- The quarterly dividend on the Corporation's common stock of
$0.22 per share will be payable May 15 to stockholders of
record May 2.
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 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
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
Crystal C. Bell, 214-721-9407
Investor Relations Specialist
Jill McMillan, 214-721-9271
Public Relations Specialist
SOURCE: Crosstex Energy