The Online Investor
Energy M&A image Energy M&A » By The Online Investor Staff, updated Tue., Aug. 11, 8:06 AM Recent mergers and acquisitions in the Energy M&A category.

Slide #54. Exterran Partners Assets from MidCon Compression

Acquirer: Exterran Partners (EXLP)
Acquiree: Assets from MidCon Compression (CHK)
Details: Exterran Partners, L.P. (NASDAQ:EXLP) and Exterran Holdings, Inc. (NYSE:EXH) today announced that Exterran Partners has entered into an agreement to acquire natural gas compression assets from MidCon Compression, L.L.C., a subsidiary of Chesapeake Energy Corporation (NYSE:CHK), for approximately $360 million. The assets to be acquired include 334 compression units, with a total horsepower of approximately 440,000, which currently are being used to provide compression services to Access MLP Operating, L.L.C., a subsidiary of Access Midstream Partners LP (NYSE:ACMP), the largest gathering and processing master limited partnership in the United States as measured by throughput volume.

Exterran Partners provides natural gas contract operations services to customers throughout the U.S. Co.'s contract operations services primarily include designing, sourcing, owning, installing, operating, servicing, repairing and maintaining equipment to provide natural gas compression services to its customers. Co. monitors its customers' compression services requirements over time and, as necessary, modifies the level of services and related equipment it employs to address changing operating conditions. Co. provides contract operations services, including the personnel, equipment, tools, materials and supplies to meet its customers' natural gas compression needs.

Open the EXLP Page at The Online Investor »

Exterran Partners provides natural gas contract operations services to customers throughout the U.S. Co.'s contract operations services primarily include designing, sourcing, owning, installing, operating, servicing, repairing and maintaining equipment to provide natural gas compression services to its customers. Co. monitors its customers' compression services requirements over time and, as necessary, modifies the level of services and related equipment it employs to address changing operating conditions. Co. provides contract operations services, including the personnel, equipment, tools, materials and supplies to meet its customers' natural gas compression needs.

Open the CHK Page at The Online Investor »

Company Name: 
Archrock Partners LP
Website: 
www.exterran.com
Sector: 
Oil & Gas Equipment & Services
Company Name: 
Chesapeake Energy Corp.
Stock buyback: 
CHK buyback
Website: 
www.chk.com
Sector: 
Oil & Gas Exploration & Production
 

Quotes delayed 20 minutes


Energy M&A - Slide 54 of 100 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2020, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.