4 Crosstex John Durand

Canton Chamber Midstream Summit April 9, 2013 John R. Durand Crosstex Energy

RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE.

1

Forward-Looking Statements 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. and its 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 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, the ability to achieve synergies and revenue growth; 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 uncertainties. 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.

RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE.

2

Upstream vs. Midstream vs. Downstream • The upstream sector includes the searching for potential underground or underwater crude oil and natural gas fields, drilling of exploratory wells, and subsequent drilling and operation of the wells that recover and bring the crude oil and/or raw natural gas to the surface.

• The midstream sector involves the transportation, storage and marketing of the various oil and gas products produced by natural gas processing plants and by petroleum crude refineries.

• The downstream sector touches consumers through products such as gasoline or petrol, kerosene, jet fuel, diesel oil, heating oil, fuel oils, lubricants, waxes, asphalt, natural gas and liquefied petroleum gas (LPG) as well as hundreds of petrochemical products.

Midstream operations are often taken to include some elements of the upstream and downstream sectors. For example, the midstream sector also may include natural gas fractionation facilities which separate various natural gas liquid (NGL) products such as ethane, propane, normal butane, iso-butane and natural gasoline.

RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE.

3

Shale Drilling Creating A Dynamic Energy Market Projected U.S. Supply/Demand Balance * (Liquid Petroleum Products Volume, 000 Bbl/d)

Pipeline Infrastructure Capital Spending Needed Per Year in the U.S.*** (2011 – 2035, $MM)

25,000 20,000

ease in Im 70% Decr

15,000

ports

NGL

$600

10,000 5,000 0

Crude

$1,300

| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |

U.S. Production

U.S. Consumption

U.S. Shale Gas Marketed Production ** (Bcf/d)

Natural Gas

$8,200

75 70 65 60

Total

$10,100

55

* Source: PIRA Energy Group ** Source: Energy Information Administration (EIA)

*** Source: Interstate Natural Gas Association of America

Surging U.S. Production Requires the Re-Piping of America, With Expected Midstream Investment of $10 Billion Annually for 20+ years *** RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE.

4

Crosstex Energy Overview Company Overview

Asset Overview

• • •

• •

750 employees

• •

10 gas processing plants

• • •

440 miles of NGL pipelines

Incorporated 1996 Master Limited Partnership Publicly traded (NASDAQ: XTEX and XTXI)

• • • •

Gas, NGL’s, Condensate, Oil A culture of safety and service Headquartered in Dallas, TX

• •

Diverse, asset focused midstream business

Regional offices in Zanesville, OH and St. Mary’s, WV

3,500 miles of gathering/transmission pipelines 4 Fractionators (Eunice, Riverside, Plaquemine, Mesquite) 200 miles of oil/condensate pipelines 3.2 MM barrels of NGL storage in Louisiana

Smart growth around assets and core markets

WELLHEAD TO MARKET INFRASTRUCTURE GATEWAYS – GAS, OIL & CONDENSATE RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE.

5

Crosstex Assets Spread Across Key Shale Plays OHIO RIVER VALLEY Oklahoma Arkansas

Pennsylvania

Ohio

MARCELLUS

Louisiana

PERMIAN BASIN

HAYNESVILLE & COTTON BARNETT VALLEY SHALE AUSTIN CHALK Texas

West Virginia

UTICA TUSCALOOSA MARINE SHALE

Processing Plants

MIOCENE/WILCOX EAGLE FORD

Fractionators Pipelines Crude/Brine Truck Stations Brine Disposal Wells

Well Positioned in 6 of the Top Shale / Resource Plays in the U.S. RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE.

Rail Terminal Barge Terminal

6

Crosstex in the Ohio River Valley: Strategically Positioned Assets Crude/Condensate Transportation Assets Ohio

PA

• 200 miles of crude oil pipeline with capacity of 17,000 Bbls/d • 2,500 miles of unused right-of-way • Truck fleet of 110+ with current capacity of 25,000 Bbls/d • Barge terminal on Ohio River • Rail terminal on Ohio Central Railroad

Storage • 500,000 Bbls of above ground crude storage

Brine Disposal • 5 wholly owned brined disposal wells • 2 joint venture disposal wells

RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE.

7

Ohio River Valley Assets: A Great Platform for Growth

RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE.

8

Clearfield Energy Acquisition 1.

Geographic diversification: – Entry into the prolific production areas of Ohio, West Virginia, and Kentucky, with a footprint in the rapidly developing Utica Shale and opportunities for growth in the Marcellus Shale

2.

Service diversification: – Business includes crude oil pipelines, a barge loading terminal on the Ohio River, a rail loading terminal on the Ohio Central Railroad network, a trucking fleet, and brine water disposal wells – Expanded logistics capabilities to be leveraged for use in other operating areas

3.

Platform for additional growth: – Known and established business and customer relationships in Ohio with first mover advantage in the area – Provides local presence, existing workforce – Competitive advantage providing trucking for “first barrels” and salt water disposal, followed by pipeline gathering, gas gathering, and other services – Ability to provide producers with market optionality – Opportunity to capitalize on existing capacity: • Truck fleet has ~25,000 Bbl/d of available capacity • Existing pipeline system capacity can be quickly expanded to ~27,000 Bbl/d with minimal capital investment RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE.

9

Crosstex Midstream Services Today The Midstream Value Chain A critical part of energy infrastructure responsible for moving product from well-head to consumption

RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE.

10

Current Trends Illustrate Great Potential Recent Well Results

1

Rex Energy’s Guernsey #2H well (Noble County): Tested at a peak rate of 560 Boe/d of condensate, 1,337 Boe/d of natural gas, and 1,213 Boe/d of NGL

2

Gulfport’s Boy Scout 1-33H (Harrison County): Tested at a peak rate of 1,560 Boe/d of condensate, 888 Boe/d of natural gas, and 1,008 Boe/d of NGL

3

Gulfport’s Ryser 1-25H (Harrison County): Tested at a peak rate of 1,488 Boe/d of condensate, 777 Boe/d of natural gas, and 649 Boe/d of NGL

2 3 1 ORV Pipeline

Source: ITG

RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE.

11

Current Trends Reinforce Our Competitive Advantage Current Trends: • 2011 well permits: 86 • 2012 well permits: 376 • 2013 well premits: 107 (through 3/15/13) • Total wells drilled, completed, and producing: 272 * • 23 different producers have permitted wells • The dry, wet, and oil boundaries continue to be defined Competitive Advantage: • Known and established business and customer relationships in Ohio with early mover advantage in the area • Competitive advantage providing trucking for “first barrels” and salt water disposal, followed by pipeline gathering, gas gathering, and other services • Ability to provide customers with market optionality 77 Producing

181 Drilled (Baking)

303 Permitted/ Not Drilled

* Comprised of 77 wells producing, 181 wells drilled (baking), and 14 being drilled Sources: RigData, Ohio Department of Natural Resources

RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE.

12

Little Focus Has Been Given to Handling Condensate Volumes

RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE.

13

Condensate Volumes Will Exceed Local Demand

Utica Condensate Market • Local refineries currently have capacity to serve ~190 wells (38,000 boepd) condensate supply; expanding to be able to serve ~265 wells (53,000 boepd) • As volumes ramp up in near term, any additional volumes over this amount will have to leave the region

** Source: Crosstex research RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE.

14

Our Ohio River Facilities Provide a Condensate Marketing Outlet

RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE.

15

Crosstex Energy, Inc. Investing in E2 Company Investment Highlights •

Crosstex joined with former management of Enerven to form a new company (E2) to provide services for producers in the Utica

•

Crosstex Energy, Inc. to invest approximately $50 million in new natural gas compression and condensate stabilization facilities

• E2 will construct, own, and operate two compression and condensate stabilization assets for development of Antero Resources Utica acreage in Noble and Monroe counties - E2 will serve as the manager and operator of these assets - Expected commercial operations start up Q3 2013 • Crosstex and E2 will continue to develop additional infrastructure solutions within the Utica and Marcellus regions RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE.

16

Our Legacy and Focus in Ohio is on Delivering a Full Range of Solutions

RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE.

17

Growth and Expansion Opportunities SHORT-TERM STRATEGY - KEY GROWTH PROJECTS Increase Condensate Volume (Truck/Barge)

Increase Condensate Volume (Rail)

Increase Brine Water Volume

Improved Efficiency / Pricing

Project 1 Truck condensate to Marathon’s Canton refinery Online

Project 3 Rail condensate from Black Run Station Expected Q2-Q3 2013

Project 4 Complete brine disposal well in West Virginia Online

Project 6 Achieve efficiency gains with our trucking capabilities by upgrading technology Completed



Project 2 Barge condensate from Bells Run Station Online



RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE.



Project 5 Drill additional brine disposal well in Ohio Expected Q2 2013



18

Ohio’s Future Looks Bright MEDIUM AND LONG-TERM STRATEGY – KEY GROWTH INITIATIVES

• Build additional storage for condensate at Bells Run as a market hub • Expand presence in condensate stabilization and product marketing • Work with third parties and end users to expand crude/condensate gathering and take-away system through utilizing existing right-of-way as production ramps up • Leverage rail terminal and truck fleet to gather crude volumes as crude oil window gets developed

RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE.

19

Opportunities & Solutions in the Utica Opportunities • • • • • •

Utica condensate production forecasts are bullish, local market will absorb initially Natural gasoline and condensate will compete, spillover will leave Ohio Trucking, rail, and condensate logistics to start, pipeline to follow when volumes support Long term market for purity NGL’s is NOT the Appalachian market NGL export solutions will be required The US Gulf Coast is a logical target market

Solutions • • • •

Leverage existing rail, storage, trucking and barge assets to clear the liquids market Provide condensate stabilization services Become a receiver of Utica NGL export volumes by rail in south Louisiana Develop liquids gathering and processing solutions leveraging position in Ohio

RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE.

20

John.Durand@CrosstexEnergy.com 214-721-9463 RIGHT PLATFORM. RIGHT OPPORTUNITIES. RIGHT PEOPLE.

21