Edit ModuleShow Tags

Exterran Buying Some MidCon Assets

Deal includes 334 compression units


Published:

Exterran Partners is acquiring 334 compression units totaling 440,000 hp (328 MW) from MidCon Compression LLC, a subsidiary of Chesapeake Energy Corp., for US$360 million.

The assets are being used to provide compression services to Access MLP Operating LLC, a subsidiary of Access Midstream Partners LP, the largest gathering and processing master limited partnership in the nation in terms of throughput volume.

In connection with the acquisition, Exterran Partners will provide Access contract compression services for 7 years in areas of the Permian and Niobrara basins and in the Eagle Ford, Barnett, Anadarko, Mississippi Lime, Granite Wash, Woodford and Haynesville shale areas.

Exterran CEO Brad Childers said, “With this transaction, we continue to deliver on our strategy of growing our core contract operations business. Because the units we are acquiring are highly standardized and average less than five years in age, the acquisition is also consistent with our strategy to modernize and standardize our existing fleet.”

The transaction is expected to close in the second quarter.

Edit ModuleShow Tags

Archive »Recent Articles

Linde North America Appoints New Chief

REX Opens Additional Flow To Midwestern Markets

The Midwestern markets are now the recipients of an additional 800 MMcfd (22.6 X 106 m3/d) of natural gas thanks to the completion of an enhancement project to the Rockies Express Pipeline (REX), according to the U.S. Energy Information Administration (EIA).

Atlas Copco Appoints New Chief, Proposes To Split Group In 2018

EIA: Nat Gas Prices Fall Across U.S.

Natural gas spot prices dropped at most locations during the Jan. 4 to Jan. 11 report week, according to the U.S. Energy Information Administration (EIA).

Air Liquide Commissions World's Largest Hydrogen Storage Facility

Edit ModuleShow Tags
Edit ModuleShow Tags

Compressor Technology Sourcing Supplement

Compression Technology Sourcing Supplement

Ratings and specifications for compressors and prime movers, component details, tutorials and an abundance of critical information for anyone working in the gas compression marketplace.
Edit ModuleShow TagsEdit ModuleShow Tags