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Energy M&A image Energy M&A » By The Online Investor Staff, updated Thu., Mar. 28, 5:16 PM 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.

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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
Number of ETFs Holding CHK: 
79
Total Market Value Held by ETFs: 
$2.14B
Total Market Capitalization: 
$11.21B
% of Market Cap. Held by ETFs: 
19.04%
 

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