Exhibit 99.1
CROSSTEX
PRESS RELEASE
CROSSTEX ENERGY APPOINTS KYLE D.VANN AND JAMES C. CRAIN TO BOARDS
C. Roland Haden announces resignation from Board of Directors
DALLAS, April 26, 2006 – Crosstex Energy, L.P. (NasdaqNM: XTEX) (the Partnership) and Crosstex
Energy, Inc. (NasdaqNM: XTXI) (the Corporation) announced that, effective as of May 8, 2006, Kyle
D. Vann will join 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 James C. Crain will join the
board of directors of the Corporation.
Both men will replace C. Roland Haden, who has announced that he is resigning from his board
positions with Crosstex Energy GP, LLC and the Corporation on May 8, 2006. Mr. Crain currently
serves on the board of directors of Crosstex Energy GP, LLC.
“We are extremely grateful for Roland’s leadership, commitment and contribution to Crosstex over
the past four years, and he will be greatly missed,” said Barry E. Davis, president and chief
executive officer of Crosstex. “At the same time, we are very pleased to welcome Kyle Vann and Jim
Crain to the boards of Crosstex Energy GP, L.P. and the Corporation. Kyle is of the highest
integrity and character with vast experience in the energy industry, and he will be an asset to
Crosstex as we pursue strategies to continue our growth as a premier midstream energy services
company. We know Jim well from his past service on the Crosstex Energy GP, LLC board, and we are
excited to have him join the Corporation’s board as well.”
Mr. Vann began his career with Exxon Corporation in 1969. After ten years at Exxon, he joined Koch
Industries and served in various leadership capacities, including senior vice president from 1995
to 2000. In 2001, he then took on the role of CEO with Entergy-Koch, LP (EKLP), a profitable
energy trading and transportation company, which was sold in 2004. Currently, Mr. Vann, who is
retired, continues to consult with Entergy and Texon, L.P. He also serves on the boards of Texon,
L.P. and Legacy Reserves, LLC.
Mr. Vann graduated from the University of Kansas with a Bachelor of Science degree in chemical
engineering. He is a member of the Board of Advisors for the University of Kansas School of
Engineering. Mr. Vann also serves on the board of various charitable organizations.
Since 1989, Mr. 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. Mr. 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. Mr. Crain graduated from the University of Texas at Austin
with a bachelor of business administration degree, a master’s in professional accounting and a doctorate of jurisprudence. Mr. Crain also serves on the board for
the Texas State Historical Association.
About the Crosstex Energy Companies
Crosstex Energy, L.P., a midstream natural gas company headquartered in Dallas, operates over 5,000
miles of pipeline, ten processing plants, four fractionators, and approximately 150 natural gas
amine treating plants and 22 dew point control plants. Crosstex currently provides services for
over 3.0 Bcf/day of natural gas, or approximately 6.0 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, an approximately 38 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.
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