Crosstex Energy Announces Permian Pipeline Extension Project

  Crosstex Energy Announces Permian Pipeline Extension Project

Business Wire

DALLAS -- February 6, 2014

The Crosstex Energy companies, Crosstex Energy, L.P. (NASDAQ: XTEX) (the
“Partnership”) and Crosstex Energy, Inc. (NASDAQ: XTXI) (the “Corporation”
and, together with the Partnership, “Crosstex”), today announced that the
Partnership is continuing to expand its gas gathering and processing
capabilities in the Permian Basin through a new long term, fee-based agreement
with a major oil and gas producer in the region. This agreement builds upon
the approximately $210 million in investments that Crosstex has already made
in the Permian Basin to take advantage of growing production in the region,
including its joint venture with Apache Corporation, the Mesquite fractionator
and the Bearkat gathering and processing complex.

In conjunction with the agreement, the Partnership is constructing a new
35-mile, 12-inch diameter high-pressure pipeline that will provide critical
gathering capacity for the previously announced Bearkat natural gas processing
complex. The incremental investment for the new pipeline extension project is
expected to be approximately $70 million.

The new-build pipeline, located in the eastern portion of the Wolfberry oil
play, will originate at the Partnership’s Bearkat gas processing facility,
currently under construction in Glasscock County. The pipeline will have a
capacity of approximately 100 million cubic feet per day and will provide gas
takeaway solutions for constrained producer customers in Howard, Martin and
Glasscock counties. Right-of-way acquisition is underway and the pipeline is
expected to be operational in the second half of 2014.

“The Permian Basin has been an important area of growth for Crosstex and this
arrangement strategically expands our footprint in West Texas. Looking to the
future as we work to complete our transaction with Devon Energy to create
EnLink Midstream, we are confident that having a solid and scalable gathering
and processing footprint in the Permian will be an integral part of our
success,” said Barry E. Davis, Crosstex President and Chief Executive Officer.

About the Crosstex Energy Companies

Crosstex Energy, L.P. (NASDAQ: XTEX) is an integrated midstream energy
partnership headquartered in Dallas that offers diversified, tailored customer
solutions spanning the energy value chain with services and infrastructure
that link energy production with consumption. XTEX operates approximately
3,500 miles of natural gas, natural gas liquids and oil pipelines, 10 natural
gas processing plants and four fractionators, as well as barge and rail
terminals, product storage facilities, brine disposal wells and an extensive
truck fleet. XTEX has the right platform, the right opportunities and the
right people to pursue its growth-focused business strategy.

Crosstex Energy, Inc. (NASDAQ: XTXI) owns the general partner interest, the
incentive distribution rights and a portion of the limited partner interests
in Crosstex Energy, L.P. as well as the majority interest in E2, a services
company focused on the Utica Shale play in the Ohio River Valley.

Additional information about the Crosstex companies can be found at

This press release contains forward-looking statements within the meaning of
the federal securities laws. These statements are based on certain assumptions
made by the Partnership and the Corporation based upon management's experience
and perception of historical trends, current conditions, expected future
developments and other factors the Partnership and the Corporation believe are
appropriate in the circumstances. These statements include, but are not
limited to, statements with respect to forecasts regarding capacity, cash
flow, incremental investment, project costs and timing for completing the
projects described herein, as well as the Partnership's and the Corporation’s
future growth and results of operations. Such statements are subject to a
number of assumptions, risks and uncertainties, many of which are beyond the
control of the Partnership and the Corporation, which may cause the
Partnership's and the Corporation's actual results to differ materially from
those implied or expressed by the forward-looking statements. These risks
include, but are not limited to, risks discussed in the Partnership's and the
Corporation's filings with the Securities and Exchange Commission. The
Partnership and the Corporation have no obligation to publicly update or
revise any forward-looking statement, whether as a result of new information,
future events or otherwise.


Crosstex Energy
Jill McMillan, 214-721-9271
Director, Public & Industry Affairs
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