IPAA Annual Meeting 2007 San Antonio, Texas

IPAA Annual Meeting 2007San Antonio, Texas

Barry E. DavisPresident &

Chief Executive Officer

Crosstex Overview

Crosstex 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 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’s

Content Slide

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

55,000

60,000

Years

Mar

ket C

apita

lizat

ion

- Mill

ion

to B

illio

n

234567891011121314151617181920

Num

ber of Com

panies

Market CapitalizationNumber of Companies

Growth of Midstream MLP’s

$12.5B

$44B

$25B

$14B$14B

$20B

$32B

$55B

Content Slide

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 Demand

New 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

Before It Got Hot...

Barnett Shale Early Stages

Barnett Shale Adds Takeaway Capacity

Quote

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