Exterran Signs Agreement with Woodford Express, LLC for Gas Processing Project in the SCOOP Play

October 14, 2014

HOUSTON (October 14, 2014) Exterran has signed an agreement with Woodford Express, LLC (“Woodford”), a subsidiary of Xplorer Midstream LLC (“Xplorer”), for a major natural gas processing project designed to provide 210 million cubic feet per day (“MMcfd”) of natural gas processing capacity at Woodford’s Grady County natural gas processing facility (“Grady Plant”), which is located in the emerging South Central Oklahoma Oil Province (SCOOP) shale play. Pursuant to the agreement, Exterran will provide and install natural gas processing and compression equipment and deliver engineering, procurement and construction management services.

Located near Lindsay, Oklahoma, the first phase of the Grady Plant is expected to be completed in late 2014 and will provide an initial natural gas processing capacity of 60 MMcfd. By mid-2015, Woodford’s natural gas processing capacity will increase by 150 MMcfd with the addition of a second processing train. The Grady Plant has been designed to accommodate two additional 200 MMcfd processing trains.

“Our relationship with Woodford is very important to Exterran. We are pleased to strengthen our relationship with Xplorer, and we look forward to continuing to serve them in the SCOOP play.” said William Sayre, vice president, product lines and marketing at Exterran. “We are pleased to have been selected as the single source of equipment and services for this project and are confident that our turn-key project management expertise will result in long-term operational success for Woodford.”

“We are excited to be providing an array of midstream services, tailored to meet our customers’ needs, within the world-class SCOOP play,” said Roger Farrell, chief executive officer of Xplorer. “Grady Plant Trains 1 and 2 will provide much-needed natural gas processing capacity for SCOOP production by mid-2015, and we are pleased to be working with Exterran on this significant project.”

About Exterran
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, L.P. (NASDAQ: EXLP), a master limited partnership, the leading provider of natural gas contract compression services to customers throughout the United States.

For more information about Exterran, visit www.exterran.com.

About Xplorer Midstream LLC
Xplorer Midstream LLC is a private equity-backed, Oklahoma-based company focused on the development, acquisition and operation of midstream assets, including crude oil gathering and natural gas gathering, treating and processing facilities, in the SCOOP and other resource plays.

Exterran Holdings Forward-Looking Statements
All statements in this release (and oral statements made regarding the subjects of this release) other than historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside Exterran Holdings’ control, which could cause actual results to differ materially from such statements. Forward-looking information includes, but is not limited to: Exterran Holdings’ financial and operational strategies and ability to successfully effect those strategies; Exterran Holdings’ expectations regarding future economic and market conditions; Exterran Holdings’ financial and operational outlook and ability to fulfill that outlook; demand for Exterran Holdings’ products and services and growth opportunities for those products and services; and scheduled project expansion plans and completion dates.

While Exterran Holdings believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in predicting certain important factors that could impact the future performance or results of its business. Among the factors that could cause results to differ materially from those indicated by such forward-looking statements are: local, regional, national and international economic conditions and the impact they may have on Exterran Holdings and its customers; changes in tax laws that impact master limited partnerships; conditions in the oil and gas industry, including a sustained decrease in the level of supply or demand for oil or natural gas or a sustained decrease in the price of oil or natural gas; Exterran Holdings’ ability to timely and cost-effectively execute larger projects; changes in political or economic conditions in key operating markets, including international markets; any non-performance by third parties of their contractual obligations; changes in safety, health, environmental and other regulations; Exterran Holdings’ ability to timely and cost-effectively obtain components necessary to conduct its business; any non-performance by third parties of their contractual obligations; weather conditions; and employment and workforce factors, including Exterran Holdings’ ability to hire, train and retain key employees.

These forward-looking statements are also affected by the risk factors, forward-looking statements and challenges and uncertainties described in Exterran Holdings’ Annual Report on Form 10-K for the year ended December 31, 2013, and those set forth from time to time in Exterran Holdings’ filings with the Securities and Exchange Commission, which are available at www.exterran.com. Except as required by law, Exterran Holdings expressly disclaims any intention or obligation to revise or update any forward-looking statements whether as a result of new information, future events or otherwise.