Exterran Partners LP (NYSE: EXLP) and Exterran Holdings Inc. (NYSE: EXH) announced that Exterran Partners has completed its previously announced acquisition of natural gas compression assets from MidCon Compression LLC, a subsidiary of Chesapeake Energy Corp. (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.
Exterran Holdings is based in Houston.
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