Crosstex Energy, L.P. is a midstream energy company through its subsidiary, Crosstex Energy Services, L.P. (the Operating Partnership) and the subsidiaries of the Operating Partnership is engaged in the gathering, transmission, treating, processing and marketing of natural gas and natural gas liquids (NGLs). The Company connects the wells of natural gas producers in its market areas to its gathering systems, treats natural gas to remove impurities, processes natural gas for the removal of NGLs, fractionates NGLs into purity products and markets those products for a fee, transports natural gas and provides it to a variety of markets. The Company has two operating segments: Midstream and Treating. The Midstream division focused on gathering, processing, transmission and marketing of natural gas and NGLs. The Treating division focused on the removal of impurities from natural gas. In November 2008, the Company sold 12.4% interest in the Seminole gas processing plant.
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