DALLAS--(BUSINESS WIRE)--July 21, 2008--Crosstex Energy, L.P.
(NASDAQ: XTEX) (the Partnership) today announced that Frank Billings
has joined Crosstex as Senior Vice President of Commercial and Stephen
McNair has joined the company as Senior Vice President of Business
Billings will oversee Crosstex's Commercial operations, including
profitability and efficiency, natural gas transportation, asset
management, long-term supply, sales activities and future growth
initiatives. He will report to Bob Purgason, Crosstex Executive Vice
President and Chief Operating Officer.
Billings has more than 20 years of experience in midstream gas,
crude and natural gas liquids. Most recently, he was Vice President,
Business Development, for Williams Midstream and Williams Partners,
L.P. and was responsible for mergers, acquisitions and divestitures.
As Senior Vice President of Business Development, McNair will be
responsible for developing Crosstex's future growth projects. He also
will lead the company's business development team. McNair will report
to Jack Lafield, Crosstex Executive Vice President of Corporate
McNair has more than 22 years of diversified midstream expertise.
He joins Crosstex from Eagle Rock Energy Partners where he was Senior
Vice President, Operations and Tech Services. Previously, McNair held
positions with TEPPCO Partners, Duke Energy Field Services, Conoco and
"We welcome Frank and Steve to the Crosstex team and are excited
about the industry experience they bring to the table in our drive for
commercial excellence. Their skill sets complement our already strong
team at a pivotal point in our company's growth," said Barry E. Davis,
Crosstex Chairman, President and Chief Executive Officer. "I am
confident their efforts will help support our strategic goals,
including an increased focus on downstream marketing, expansion of our
NGL business and consistent best practices in gas supply. Frank and
Steve will help us capitalize on all the opportunities in front of
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 Bcf/day of natural gas, or
approximately seven percent of marketed U.S. daily production.
Crosstex Energy, Inc. (NASDAQ: XTXI) (the Corporation) owns the
two percent general partner interest, a 34 percent limited partner
interest, and the incentive distribution rights of Crosstex Energy,
Additional information about the Crosstex companies can be found
CONTACT: Investor Contact:
Crystal C. Bell, 214-721-9407
Investor Relations Specialist
Jill McMillan, 214-721-9271
Manager, Public & Industry Affairs
SOURCE: Crosstex Energy, L.P.