Company's Growing Business in Barnett Shale Gas Formation Prompts Opening of New Office SpaceDALLAS, Jan 23, 2008 (BUSINESS WIRE) -- The Crosstex Energy, L.P. (NASDAQ:XTEX) team recently celebrated
the opening of the company's new regional office, a 12,000-square-foot
facility located in the International Plaza building in Fort Worth,
Texas. Crosstex's expansion into Fort Worth results from the growth of
its business in the Barnett Shale region in north central Texas, the
most prolific natural-gas formation in the United States today.
Crosstex provides natural gas gathering, processing, transmission
and other services to natural gas producers drilling in the Barnett
Shale. Crosstex has approximately 50 employees in Tarrant, Denton and
Parker counties, and a companywide employee population of nearly 700
people. Barry E. Davis, Crosstex President and Chief Executive Officer
Crosstex, and a small group of only nine employees founded the company
11 years ago.
"The Barnett Shale region will continue to be a significant growth
driver for Crosstex in the foreseeable future," said Davis. "The new
Fort Worth office demonstrates our commitment to expand our corporate
infrastructure in Fort Worth, which we need to support this growth. We
look forward to becoming more involved in the Fort Worth business
community and to working even more closely with local leaders and
The Fort Worth regional office will serve as an extension of the
company's Dallas headquarters and will house both field and corporate
functions including engineering, right-of-way and construction
About the Crosstex Energy Companies
Crosstex Energy, L.P. (the Partnership), a midstream natural gas
company headquartered in Dallas, operates over 5,000 miles of
pipeline, 13 processing plants, four fractionators, and approximately
200 natural gas amine-treating plants and dew point control plants.
Crosstex currently provides services for over 3.5 Bcf/day of
natural gas, or approximately 7.0 percent of marketed U.S. daily
Crosstex Energy, Inc. (NASDAQ:XTXI) (the Corporation) owns the two
percent general partner interest, a 36 percent limited partner
interest, and the incentive distribution rights of Crosstex Energy,
Additional information about the Crosstex companies can be found
SOURCE: Crosstex Energy, L.P.
Crosstex Energy, L.P.
Crystal C. Bell, 214-721-9407
Investor Relations Specialist
Jill McMillan, 214-721-9271
Manager, Public & Industry Affairs