The Crosstex Energy companies, Crosstex Energy, L.P. (NASDAQ: XTEX) (the Partnership) and Crosstex Energy, Inc. (NASDAQ: XTXI) (the Corporation), today announced that Paul A. Weissgarber has been named Senior Vice President of Ohio River Valley effective immediately. Previously, Weissgarber served as a Crosstex consultant since December 2011, specifically to assist with the development of the Partnership’s oilfield water and natural-gas-to-liquids businesses. He was instrumental in the recent acquisition of the Partnership’s Ohio River Valley business.
“Paul has done an outstanding job in supporting our growth strategy to enhance our scale and diversification. He will lead the efforts to maximize the investment of our new Ohio River Valley business as we aggressively pursue growth in this area. I am confident his leadership abilities and oil and gas industry expertise will continue to serve us well,” said Barry E. Davis, Crosstex President and Chief Executive Officer.
Most recently, Weissgarber was a principal at Ernst & Young from 2009-2011 and held senior executive positions, including Global and Americas Advisory Oil & Gas Sector Leader. He served as a partner at the global management consulting firm of A.T. Kearney from 1996-2009 when he managed numerous major energy company accounts, including Crosstex from 2005-2006. Prior to that, Weissgarber was a principal at Gemini Consulting where he specialized in working with oil and gas clients and was a consulting and practice leader. Earlier, he was manager, new project development, at Texas Oil & Gas Corp.
Weissgarber earned a master’s degree in business administration from Southern Methodist University and a bachelor of science degree in petroleum engineering from the University of Texas. He is a registered professional engineer in the state of Texas.
About the Crosstex Energy Companies
Crosstex Energy, L.P., a midstream natural gas company headquartered in Dallas, operates approximately 3,500 miles of natural gas, natural gas liquids, and oil pipelines, 10 processing plants and four fractionators. The Partnership also operates barge terminals, rail terminals, product storage facilities, brine water disposal wells and an extensive truck fleet.