HOUSTON--(BUSINESS WIRE)--Aug. 8, 2014--
Exterran Partners, L.P. (NASDAQ:EXLP) and Exterran Holdings, Inc.
(NYSE:EXH) today announced that Exterran Partners has completed its
previously announced acquisition of natural gas compression assets from
MidCon Compression, L.L.C., a subsidiary of Chesapeake Energy
Corporation (NYSE:CHK), for approximately $135 million.
The assets acquired include 162 compression units, with a total
horsepower of approximately 110,000, which are currently being used to
provide compression services in Arkansas’ Fayetteville Shale.
The acquisition was funded using credit available under Exterran
Partners’ revolving credit facility.
The Omnibus Agreement between Exterran Partners and Exterran Holdings
was not amended to adjust the caps on operating costs or selling,
general and administrative costs as a result of this transaction.
About Exterran Partners
Exterran Partners, L.P., a master limited partnership, is the leading
provider of natural gas contract compression services to customers
throughout the United States. Exterran Holdings, Inc. owns an equity
interest in Exterran Partners, including all of the general partner
interest. For more information, visit www.exterran.com.
About Exterran Holdings
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 Holdings owns an equity interest, including all of
the general partner interest, in Exterran Partners.
Source: Exterran Holdings, Inc. and Exterran Partners, L.P.
Exterran Holdings, Inc.
Media
Susan Moore, 281-836-7398
or
Investors
David
Oatman, 281-836-7035
or
David Miller, 281-836-7895