Exhibit 99.1

 CROSSTEX UPDATES GUIDANCE FOR 2005; DISTRIBUTABLE CASH FLOW FOR 2005 UNAFFECTED

DALLAS, Oct. 6 /PRNewswire-FirstCall/ -- Crosstex Energy, L.P. (Nasdaq: XTEX)
(the Partnership) announced that, due to the significant improvement in natural
gas liquids prices since the date it had signed its agreement to buy El Paso
Corporation's South Louisiana midstream assets, the financial derivatives (puts)
the Partnership purchased at the time of signing the agreement have incurred a
significant decline in value.

As part of the overall risk management plan related to the acquisition of the El
Paso assets, the Partnership acquired puts, or rights to sell a portion of the
liquids from the plants at a fixed price over a two-year period beginning
January 1, 2006. Because the underlying volumes relate to assets which are not
yet owned by Crosstex, the puts do not qualify for hedge accounting and will be
marked to market through the Partnership's consolidated statement of operations.
The amount of the mark to market adjustment to be recorded in the third quarter
is currently expected to exceed $11 million. This amount will not affect
Distributable Cash Flow for the year ended December 31, 2005.

"Based on our acquisition modeling, each $0.10 increase in average liquids
prices improves operating cash flow from the South Louisiana assets by
approximately $9 million annually," said Barry E. Davis, President and Chief
Executive Officer. "Current liquids prices are averaging more than $0.20 per
gallon higher than the strike prices of the puts. This rise is what decreases
the value of the put option."

"This acquisition secures our position as one of the largest midstream providers
in the Gulf Coast area and is a great fit with our business strategy," continued
Davis. "These assets will provide a solid platform for organic growth as we
participate in the growing development of deepwater reserves in the Gulf of
Mexico."

The Partnership will amortize the put cost into Distributable Cash Flow over the
two-year period the puts are in effect for calendar years 2006 and 2007. The
Partnership expects the net impact of the puts on Distributable Cash Flow will
be largely offset by cash flows from the sales of surplus equipment after the
close of the acquisition.

Due to the unpredictability of the potential fluctuations in the put valuation
until closing, when hedge accounting can be applied to the put valuation, the
Partnership is withdrawing its guidance on net income for 2005. The Partnership
will resume guidance on net income in 2006. The Partnership's Distributable Cash
Flow guidance remains in place at $49.1 million to $55.5 million for 2005, and
depending on the date of the close of the El Paso acquisition, Distributable
Cash Flow is expected to increase for the portion of the year the assets are
owned.

Crosstex also announced that it had received the final $5.4 million installment
on the sale of its Plaquemine II Plant. Therefore, it will reflect a gain on the
sale of that facility in the third quarter of $8.0 million in the consolidated
statement of operations. This gain was included in prior guidance on net income.
The receipt of $5.4 million will be reflected in Distributable Cash Flow in the
quarter ended September 30, 2005.


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 49
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
http://www.crosstexenergy.com .

Non-GAAP Financial Information

This press release contains non-generally accepted accounting principle
financial measures of earnings before non-cash charges and less maintenance
capital expenditures, which we refer to as Distributable Cash Flow. The amounts
included in the calculation of these measures are computed in accordance with
generally accepted accounting principles (GAAP), with the exception of
maintenance capital expenditures. Maintenance capital expenditures are capital
expenditures made to replace partially or fully depreciated assets in order to
maintain the existing operating capacity of our assets and to extend their
useful lives. We believe this measure is useful to investors because it may
provide users of this financial information with meaningful comparisons between
current results and prior reported results and a meaningful measure of the
Partnership's cash flow after it has satisfied the capital and related
requirements of its operations. Distributable Cash Flow is not a measure of
financial performance or liquidity under GAAP. It should not be considered in
isolation or as an indicator of the Partnership's performance. Furthermore, it
should not be seen as a measure of liquidity or a substitute for metrics
prepared in accordance with GAAP.

This press release contains forward-looking statements identified by the use of
words such as "projected", "expect" and "guidance", including statements
regarding the amount of the put impairment and the distributable cash flow
guidance. These statements are based on currently available information and
assumptions and expectations that the Partnership believes are reasonable.
However, the assumptions and expectations are subject to a wide range of
business risks, so it can give no assurance that actual performance will fall
within the forecast ranges. Among the key risks that may bear directly on the
Partnership's results of operation and financial condition are: (1) the amount
of natural gas transported in the Partnership's gathering and transmission lines
may decline as a result of competition for supplies, reserve declines and
reduction in demand from key customers and markets; (2) the level of the
Partnership's processing and treating operations may decline for similar
reasons; (3) fluctuations in natural gas and NGL prices may occur due to weather
and other natural and economic forces; (4) there may be a failure to
successfully integrate new acquisitions; (5) the Partnership's credit risk
management efforts may fail to adequately protect against customer nonpayment;
and (6) the Partnership may not adequately address construction and operating
risks. The Partnership has no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information, future
events, or otherwise.

Contact: Barry E. Davis, President and Chief Executive Officer
               William W. Davis, Executive V.P. and Chief Financial Officer

Phone: (214) 953-9500

CONTACT: 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/
Web site:  http://www.crosstexenergy.com /