Exterran Partners Closes Acquisition Of Assets From MidCon Compression

(RTTNews) - Exterran Partners L.P. (EXLP) and Exterran Holdings Inc. (EXH) Thursday announced that Exterran Partners has completed its acquisition of compression assets from MidCon Compression L.L.C., a unit of Chesapeake Energy Corp (CHK), for about $360 million.

The acquired assets include 337 compression units, with a total horsepower of about 440,000, which currently are being used to provide compression services to Access MLP Operating, L.L.C., a unit of Access Midstream Partners LP (ACMP).

In connection with the acquisition, Exterran Partners and Access have entered into a seven-year contract operations services agreement under which Exterran Partners will provide contract compression services to Access in regions including the Permian, Eagle Ford, Barnett, Anadarko, Mississippi Lime, Granite Wash, Woodford, Haynesville and Niobrara Basins.

Exterran Partners L.P. is a provider of natural gas contract operations services. Exterran Holdings Inc. owns an equity interest in Exterran Partners.