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Investor
Notices 2 This presentation contains forward looking statements within the
meaning of the federal securities laws. Forward-looking statements are not
guarantees of performance. They involve risks, uncertainties and assumptions.
The future results of Crosstex Energy, L.P., Crosstex Energy, Inc. and their respective affiliates
(collectively known as “Crosstex”) may differ
materially from those expressed in the forward-looking statements contained
throughout this presentation and in documents filed with the Securities and
Exchange Commission (SEC). Many of the factors that will determine these
results are beyond Crosstex’s ability to control or
predict. These statements are necessarily based upon various assumptions
involving judgments with respect to the future, including, among others,
prices and market demand for natural gas, natural gas liquids (NGLs), condensate and crude oil; drilling levels; the
ability to achieve synergies and revenue growth; failure to satisfy closing
conditions with respect to the announced combination with Devon Energy
Corporation (“Devon”); failure to successfully integrate, or integrate within
the contemplated timeframe, Crosstex’s business
with Devon’s business; failure to achieve, or achieve within the contemplated
timeframe, the anticipated synergies of the combination with Devon; national,
international, regional and local economic, competitive and regulatory
conditions and developments; technological developments; capital markets
conditions; inflation rates; interest rates; the political and economic
stability of oil producing nations; energy markets; weather conditions;
business and regulatory or legal decisions; the pace of deregulation of
retail natural gas and electricity; the timing and success of business development
efforts; and other factors discussed in Crosstex’s
Annual Reports on Form 10-K for the year ended December 31, 2012 and Crosstex’s Quarterly Reports on Form 10-Q for the
quarters ended March 31, 2013, June 30, 2013 and September 30, 2013 and their
other filings with the SEC. You are cautioned not to put undue reliance on
any forward-looking statement. Crosstex has no
obligation to publicly update or revise any forward-looking statement,
whether as a result of new information, future events or otherwise.
Additional Information and Where to Find It This presentation contains
information about the proposed merger involving a Devon entity and a Crosstex entity. In connection with the proposed merger
with Devon, the new General Partner entity will file with the SEC a
registration statement on Form S-4 that will include a proxy
statement/prospectus. Investors and shareholders are urged to read the proxy
statement/prospectus and other relevant documents filed or to be filed with
the SEC. These documents (when they become available), and any other
documents filed by Crosstex or Devon with the SEC,
may be obtained free of charge at the SEC’s
website, at www.sec.gov. In addition, security
holders will be able to obtain free copies of the proxy statement/prospectus
from Crosstex by contacting Investor Relations by
mail at Attention: Investor Relations, 2501 Cedar Springs, Dallas,
Texas 75201. Participants in the Solicitation Devon, Crosstex
and their respective directors and officers may be deemed to be participants
in the solicitation of proxies from the shareholders of Crosstex
Energy, Inc. in respect of the proposed transaction. Information regarding
the persons who may, under the rules of the SEC, be deemed participants in
the solicitation of the shareholders of Crosstex
Energy, Inc. in connection with the proposed transaction, including a
description of their direct or indirect interests, by security holdings or
otherwise, will be set forth in the proxy statement/prospectus when it is
filed with the SEC. Information regarding Crosstex
Energy, Inc.’s directors and executive officers is contained in its Annual
Report on Form 10-K for the year ended December 31, 2012, which is filed with
the SEC. Information regarding Devon’s directors and executive officers is
contained in its Annual Report on Form 10-K for the year ended December 31,
2012, which is filed with the SEC.
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