DALLAS, Sept 12, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- Crosstex Energy, L.P.
(Nasdaq: XTEX) (the Partnership) announced today that its assets in Louisiana
and Mississippi suffered no significant damage as a result of Hurricane
Katrina and that all of its employees are accounted for and safe.
"The safety and security of our employees and their families is our top
priority," said Barry Davis, president and chief executive officer of Crosstex
Energy. "We are extremely fortunate that our employees all made it through
the storm safely and our facilities came through without sustaining damage."
The Plaquemine and Gibson processing plants in South Louisiana were shut
down for several days two weeks ago, but have resumed normal operations. The
Partnership is not aware of any damage to its pipelines in the area; however
certain remote areas of Mississippi have yet to be inspected. Based on what
is currently known, the Partnership does not expect that the storm will have a
material impact on its financial results.
"Katrina has affected so many lives and communities, and we want to do our
part to help in the recovery and restoration," continued Davis. "As we look
forward, we will support our employees, our communities and our customers
today and over the long term."
About the Crosstex Energy Companies
Crosstex Energy, L.P., a mid-stream natural gas company headquartered in
Dallas, operates over 4,500 miles of pipeline, five processing plants and
approximately 100 natural gas amine treating plants. Crosstex currently
provides services for approximately 1.9 Bcf/day of natural gas.
Crosstex Energy, Inc. (Nasdaq: XTXI) owns the general partner, a 51
percent limited partner interest in and the incentive distribution rights of
Crosstex Energy, L.P.
Additional information about the Crosstex companies can be found at
This press release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
27E of the Securities Exchange Act of 1934, as amended. All statements other
than historical facts included herein constitute forward-looking statements.
Although the Partnership 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: Barry E. Davis, President and Chief Executive Officer
William W. Davis, Executive V.P. and Chief Financial Officer
Phone: (214) 953-9500
SOURCE Crosstex Energy, L.P.
Barry E. Davis, President and Chief Executive Officer, or William W. Davis, Executive
V.P. and Chief Financial Officer, both of Crosstex Energy, L.P., +1-214-953-9500