|Crosstex Energy Services Announces The Filing Of A Registration Statement For Sale Of Common Units In Crosstex Energy, L.P.|
Dallas, August 8, 2002 — Crosstex Energy Services, Ltd., today announced the filing of a registration statement on Form S-1 with the Securities and Exchange Commission relating to a proposed underwritten initial public offering of two million (2,000,000) common units, representing limited partner interests in Crosstex Energy, L.P., a Delaware limited partnership.
Crosstex Energy, L.P. was formed to acquire substantially all of the natural gas gathering, transmission, treating, processing and producer services businesses of Crosstex Energy Services. The two million units in the proposed offering represent a 30% limited partner interest in Crosstex Energy, L.P.
The lead manager of the offering is A.G. Edwards & Sons, Inc. Raymond James and RBC Capital Markets will co-manage the offering. This offering of common units will be made only by means of a prospectus. A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933, when available, may be obtained from A.G. Edwards & Sons at:
A.G. Edwards & Sons, Inc. |
One North Jefferson
St. Louis, MO. 63103
A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state
Crosstex Energy Services, Ltd. is a privately-owned midstream natural gas company, with over 1,500 miles of pipeline, 2 processing plants with a total capacity of over 120 MMCFD, and 49 natural gas treating plants. The company currently provides services for over 650 MMCFD of natural gas. Crosstex Energy, L.P.'s principal executive offices are located at 2501 Cedar Springs, Suite 600, Dallas, Texas, 75201, and its telephone number is 214-953-9500.
This press release includes "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 or incorporated herein may 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.