Exterran Partners Completes Acquisition of Assets from Exterran Holdings

Before you go, we thought you'd like these...
Before you go close icon

Exterran Partners Completes Acquisition of Assets from Exterran Holdings

HOUSTON--(BUSINESS WIRE)-- Exterran Holdings, Inc. (NYS: EXH) and Exterran Partners, L.P. (NAS: 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.



Exterran Holdings, Inc.
Investors
David Oatman, 281-836-7035
or
Media
Susan Moore, 281-836-7398

KEYWORDS:   United States  North America  Texas

INDUSTRY KEYWORDS:

The article Exterran Partners Completes Acquisition of Assets from Exterran Holdings originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners