Crosstex Energy Honors Former Executive with Engineering Scholarship Fund

Crosstex Energy Honors Former Executive A. Chris Aulds with $110,000 Engineering Scholarship Fund at Texas Tech University.

Crosstex Energy Honors Former Executive A. Chris Aulds with $110,000 Engineering Scholarship Fund at Texas Tech University

Crosstex Energy announced today (Jan. 23) that its Board of Directors and employees have established the A. Chris Aulds Scholarship at Texas Tech University, a $110,000 fund that will benefit freshmen petroleum engineering majors in the College of Engineering.

Crosstex Energy created the scholarship to encourage and allow more engineering students to pursue careers in the energy industry. The company believes that the key to a successful future for the industry is to develop the next generation of leaders in college and university classrooms.

The scholarship honors former Crosstex executive A. Chris Aulds, one of the partners who founded the company in 1996. During his career at Crosstex, Aulds led the Producer Services Group and the Treating and Eastern Divisions, as well as the Public and Industry Affairs Department. He began his career in the oil and gas industry with Mobil (now ExxonMobil) more than 22 years ago and graduated from Texas Tech in 1984 with a Bachelor of Science degree in petroleum engineering.

"Student scholarship opportunities like this allow us to continue the tradition of recruiting and training exceptional petroleum engineers at Texas Tech. We appreciate Crosstex Energy’s commitment to higher education," said Lloyd Heinze, chair of the Department of Petroleum Engineering.

"Chris was a tremendous partner to all of us at Crosstex. It is an honor for the Crosstex family to fund this scholarship, which acknowledges the significant impact he had on the company’s growth and all the people he worked with," said Barry E. Davis, Crosstex president and chief executive officer.

Crosstex Energy, L.P. (the Partnership), a midstream natural gas company headquartered in Dallas, operates more than 5,000 miles of pipeline, 13 processing plants, four fractionators, and approximately 200 natural gas amine-treating plants and dew point control plants. Crosstex currently provides services for more than 3.5 Bcf/day of natural gas, or approximately 7 percent of marketed U.S. daily production.

Crosstex Energy, Inc. (the Corporation) owns the two percent general partner interest, a 36 percent limited partner interest, and the incentive distribution rights of Crosstex Energy, L.P.

Additional information about the Crosstex companies can be found at www.crosstexenergy.com.

The Texas Tech College of Engineering has educated engineers to meet the technological needs of Texas, the nation, and the world since 1925. Approximately 3,400 undergraduate and 600 graduate students pursue bachelor’s, master’s, and doctoral degrees offered through eight academic departments: civil and environmental, chemical, computer science, electrical and computer, engineering technology, industrial, mechanical, and petroleum.

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CONTACT: Jeff Sammons, senior editor, College of Engineering,
(806) 742-3451 or jeff.sammons@ttu.edu.