Crosstex Energy Appoints Jim Crain and Cecil Martin Jr. to Board
December 13 2005 - 2:17PM
PR Newswire (US)
DALLAS, Dec. 13 /PRNewswire-FirstCall/ -- Crosstex Energy, L.P.
(NASDAQ:XTEX) (the Partnership) and Crosstex Energy, Inc.
(NASDAQ:XTXI) (the Corporation) announced that James C. Crain has
been appointed to the board of directors of Crosstex Energy GP, LLC
(the general partner of Crosstex Energy GP, L.P., the general
partner of the Partnership) and, effective as of January 1, 2006,
Cecil E. Martin Jr. has been appointed to the board of directors of
both the Corporation and of Crosstex Energy GP, LLC. "We are
pleased to welcome Jim and Cecil; both of these individuals possess
the expertise and strong character that we look for to bring
valuable contributions to the Crosstex boards," said Barry Davis,
president and chief executive officer of Crosstex. "We look forward
to the unique leadership perspectives that each of these gentlemen
will bring to our organization to help drive our continued growth
and success." Since 1989, Crain has served as president of Marsh
Operating Company, an investments management company focusing on
energy investing, and since 1997 as general partner of Valmora
Partners, L.P., a private investment partnership. Crain climbed the
ranks at Marsh, beginning as vice president of land and legal in
1984. Prior to Marsh, he served as a partner at Jenkens &
Gilchrist where he headed the law firm's energy section. Crain
graduated from the University of Texas at Austin with a bachelor of
business administration degree, a master of professional accounting
and a doctor of jurisprudence. Crain also serves on the board for
the Texas State Historical Association. Martin is president of Bois
d'Arc Realty, Inc. and has been a partner in an independent
residential and commercial real estate development since 1991. From
1973 to 1991 he served as chairman of the public accounting firm
Martin, Dolan and Holton in Richmond, Virginia. Martin began his
career as an auditor at Ernst and Ernst. He holds a bachelor of
business administration degree from Old Dominion University and is
a Certified Public Accountant. Martin also serves on the boards and
as chairman of the audit committees for both Comstock Resources,
Inc., a growing independent energy company engaged in oil and gas
acquisitions, exploration and development, and Bois d'Arc Energy
headquartered in Houston. About Crosstex Crosstex Energy, L.P., a
mid-stream natural gas company headquartered in Dallas, operates
over 5,000 miles of pipeline, nine processing plants, four
fractionators, and approximately 115 natural gas amine treating
plants. Crosstex currently provides services for approximately 2.6
Bcf/day of natural gas, or approximately 4.9 percent of marketed
U.S. daily production based on August 2005 Department of Energy
data. Crosstex Energy, Inc. owns the two percent general partner
interest, a 37 percent limited partner interest, and the incentive
distribution rights of Crosstex Energy, L.P. Additional information
about the Crosstex companies can be found at
http://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 27E of the
Securities Exchange Act of 1934, as amended. All statements other
than historical facts included herein, including statements
regarding the anticipated synergies, 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, Sr. V.P. and Chief Financial Officer Phone: (214)
953-9500 DATASOURCE: Crosstex Energy, L.P.; Crosstex Energy, Inc.
CONTACT: Barry E. Davis, President and Chief Executive Officer, or
William W. Davis, Sr. V.P. and Chief Financial Officer, both of
Crosstex Energy, L.P. and Crosstex Energy, Inc., +1-214-953-9500
Web site: http://www.crosstexenergy.com/
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