IPAA Annual Meeting 2007

San Antonio, Texas

Barry E. DavisPresident &

Chief Executive Officer

Crosstex OverviewCrosstex Overview

Crosstex OverviewCrosstex Overview

5,000 miles of pipeline

12 Processing Plants

3.5 Bcf/day throughput/approximately 7% of

U.S. daily production

650 (+) employees

200 treating plants / 4 fractionators in operation

Strategically Located AssetsStrategically Located Assets

• Strategically focused in prolific production areas with access to high-volume markets – South Texas, North Texas, Louisiana, and Mississippi

• Largest intrastate transmission lines in both Louisiana and Mississippi

Evolution of Midstream MLP’sEvolution of Midstream MLP’s

Content SlideContent Slide

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

55,000

60,000

Years

Mark

et

Cap

itali

zati

on

- M

illi

on

to

Bil

lio

n

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

Nu

mb

er o

f Co

mp

an

ies

Market Capitalization

Number of Companies

Growth of Midstream MLP’s Growth of Midstream MLP’s

$12.5B

$44B

$25B

$14B$14B

$20B

$32B

$55B

Content SlideContent Slide

Headlines from the News - 2000 Headlines from the News - 2000

• Billions spent on the Y2K catastrophe that wasn’t

• SOX were just something we wore

• Dot.com....Dot.bust

• Hanging Chad’s Hang-up Gore

• Mad cow panic spreads

Stagnant SupplyGrowing DemandStagnant SupplyGrowing Demand

New Natural Gas Sources in the United StatesNew Natural Gas Sources in the United States

RM 9.0/11.0/13.0

BS 0.3/2.0/3.0

GOM 13.0/9.0/9.0LNG 0.6/2.0/15.0+

MLP’s Build Midstream Infrastructure

MLP’s Build Midstream Infrastructure

Before It Got Hot...Before It Got Hot...

Barnett Shale Early Stages Barnett Shale Early Stages

Barnett Shale Adds Takeaway CapacityBarnett Shale Adds Takeaway Capacity

QuoteQuote

“It’s about imagination: If you’re constrained by what was, you can miss what can be.”