Crosstex Completes Two-for-One Split of Partnership Units.

Energy Editors/Business Editors

DALLAS--(BUSINESS WIRE)--March 30, 2004

Crosstex Energy, L.P. (NasdaqNM:XTEX), today announced that it has completed a two-for-one split on its outstanding limited partnership units, effective March 29, 2004. The unit split entitles unitholders of record at the close of business on March 16, 2004 to receive one additional limited partnership unit for every unit held.

The units will trade on a post-split basis beginning at the opening of trading today.

"Since our initial public offering in December 2002, the trading price of our partnership units has increased more than 150 percent," stated Barry E. Davis, President and Chief Executive Officer. "We believe that the split will make the units more accessible among a broader range of investors and improve the overall market liquidity for our units."

Upon completion of the unit split, the total number of limited partnership units outstanding is approximately 18.1 million, based on the number of units outstanding as of March 30, 2004.

About the Crosstex Energy Companies

Crosstex Energy, L.P. (the Partnership), a mid-stream natural gas company headquartered in Dallas, operates over 2,500 miles of pipeline, three processing plants, and over 50 natural gas amine treating plants. Crosstex currently provides services for more than one BCF/day of natural gas.

Crosstex Energy, Inc. (NasdaqNM:XTXI) owns five million limited partner units in the Partnership, the two percent general partner interest in the Partnership, and the Partnership's incentive distribution rights. Additional information about Crosstex can be found at www.crosstexenergy.com.

This press release contains forward-looking statements identified by the use of words such as "forecast," "anticipate" and "estimate." These statements are based on currently available information and assumptions and expectations that Crosstex Energy believes are reasonable. However, Crosstex Energy's 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 and the Corporation'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. Crosstex Energy has no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.