DALLAS, Apr 12, 2010 (BUSINESS WIRE) --Crosstex Energy, L.P. (NASDAQ: XTEX) (the Partnership) and Crosstex
Energy, Inc. (NASDAQ: XTXI) (the Corporation) announced today that Steve
Spaulding has joined Crosstex as Senior Vice President of its Processing
and Natural Gas Liquids (NGL) business.
Previously, Spaulding was manager of the North American processing and
NGL business at Chevron Corp. (NYSE: CVX). He was responsible for
developing and leading trading, marketing, commercial and business
development for Chevron's equity production, NGL assets and upstream
production projects. During his 20-year tenure at Chevron, Spaulding
also managed the commercial and marketing activities of the company's
midstream assets and was involved in the development and operations of
the 524-mile NGL pipeline project in southern Louisiana that included
the Texaco Expanded NGL Distribution System (TENDS). Spaulding started
his career in engineering and also served as operations manager for
various processing and NGL assets.
"Steve has tremendous experience in the processing and NGL business, and
we are excited to have him join the Crosstex management team," said
Barry E. Davis, Crosstex President and Chief Executive Officer. "Steve
will bring strong leadership to the management of these significant
assets and help Crosstex take advantage of the abundant near- and
long-term business opportunities in the processing and NGL business."
Spaulding earned a bachelor of science degree in chemical engineering
from the University of Oklahoma.
About the Crosstex Energy Companies
Crosstex Energy, L.P., a midstream natural gas company headquartered in
Dallas, operates approximately 3,300 miles of pipeline, nine processing
plants and three fractionators. The Partnership currently provides
services for 3.2 billion cubic feet of natural gas per day, or
approximately six percent of marketed U.S. daily production.
Crosstex Energy, Inc. owns the two percent general partner interest, a 25percent limited partner interest and the incentive distribution
rights of Crosstex Energy, L.P.
Additional information about the Crosstex companies can be found at www.crosstexenergy.com.
SOURCE: Crosstex Energy
Jill McMillan, 214-721-9271
Director, Public & Industry Affairs