DALLAS--(BUSINESS WIRE)--Oct. 16, 2003--Crosstex Energy, L.P.
(NasdaqNM:XTEX), a Texas-based midstream natural gas company, today
announced that it would pay its third quarter distribution of $0.70
per limited partner unit to holders of record on Oct. 30, 2003.
Payment will be made on or close to Nov. 14, 2003.
Crosstex Energy, L.P., a mid-stream natural gas company
headquartered in Dallas, operates approximately 2,500 miles of
pipeline, three processing plants, and approximately 40 natural gas
treating plants. Crosstex currently provides services for over
1,000,000 MMBtu/day of natural gas. Crosstex Energy was ranked first
in the biannual Mastio & Co. 2002 Producer Purchaser Satisfaction
Survey of nearly 400 gas producers. Additional information about
Crosstex can be found at www.crosstexenergy.com.
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 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.
CONTACT: Crosstex Energy, Dallas
Barry E. Davis, 214-953-9500
William W. Davis, 214-953-9500
SOURCE: Crosstex Energy