HOUSTON--(BUSINESS WIRE)--Feb. 2, 2006--Hanover Compressor Company
(NYSE:HC), a global market leader in full service natural gas
compression and a leading provider of service, fabrication and
equipment for oil and natural gas production, processing and
transportation applications, announced today that it has completed the
sale of its U.S. amine treating rental assets of its subsidiary,
Hanover Compression Limited Partnership, to Crosstex Energy Services,
L.P. for approximately $51.5 million.
About Hanover Compressor Company
Hanover Compressor Company (NYSE:HC) is a global market leader in
full service natural gas compression and a leading provider of
service, fabrication and equipment for oil and natural gas production,
processing and transportation applications. Hanover sells and rents
this equipment and provides complete operation and maintenance
services, including run-time guarantees for both customer-owned
equipment and its fleet of rental equipment. Founded in 1990,
Hanover's customers include both major and independent oil and gas
producers and distributors as well as national oil and gas companies.
Forward-looking Statements
Certain matters discussed in this presentation are
"forward-looking statements" intended to qualify for the safe harbors
established by the Private Securities Litigation Reform Act of 1995
and Section 21E of the Securities Exchange Act of 1934, as amended.
All statements other than statements of historical facts included
herein constitute forward-looking statements. Although the company
believes that the expectations reflected in the forward-looking
statements are reasonable, it can give no assurance that such
expectations will prove to be correct.
CONTACT: Hanover Compressor Company, Houston
Investor Relations Inquiries:
Stephen York, 832-554-4856
syork@hanover-co.com
SOURCE: Hanover Compressor Company