HOUSTON--(BUSINESS WIRE)--Apr. 1, 2013--
Exterran Holdings, Inc. (NYSE: EXH) and Exterran Partners, L.P. (NASDAQ:
EXLP) today announced that Exterran Partners has completed its
previously announced acquisition of compression assets from Exterran
Holdings.
The acquired assets include contracts serving approximately 50 customers
of Exterran Holdings, together with approximately 360 compressor units
used to provide compression services under those contracts. These
compressors comprise approximately 250,000 horsepower, which represents
approximately 8 percent (by available horsepower) of the combined U.S.
contract operations business of Exterran Holdings and Exterran Partners.
In addition, the acquisition includes contracts covering approximately
6,000 horsepower owned by Exterran Partners which are currently being
leased to Exterran Holdings and approximately 205 compressor units
comprising approximately 101,000 horsepower currently being leased from
Exterran Holdings to Exterran Partners. Exterran Partners financed the
acquisition entirely with the issuance of 7,123,527 common units and
144,644 general partner units to affiliates of Exterran Holdings.
About Exterran Holdings and Exterran Partners
Exterran Holdings, Inc. is a global market leader in full service
natural gas compression and a premier provider of operations,
maintenance, service and equipment for oil and gas production,
processing and transportation applications. Exterran Holdings serves
customers across the energy spectrum—from producers to transporters to
processors to storage owners. Headquartered in Houston, Texas, Exterran
has approximately 10,000 employees and operates in approximately 30
countries.
Exterran Partners, L.P. is the leading provider of natural gas contract
operations services to customers throughout the United States. Exterran
Holdings owns an equity interest in Exterran Partners, including all of
the general partner interest.
For more information, visit www.exterran.com.
Source: Exterran Holdings, Inc. and Exterran Partners, L.P.
Exterran Holdings, Inc.
Investors
David Oatman, 281-836-7035
or
Media
Susan
Moore, 281-836-7398