Exterran Buys Midcon Compression Assets

Units mostly are in Fayetteville Shale


Published:

Exterran Partners is acquiring another 162 compression units, totaling 110,000 hp (82 MW), from MidCon Compression for US$135 million.

Most of the units provide contract compression services for BHP Billiton Petroleum in the Fayetteville Shale play of Arkansas. Exterran will assume the contract services work from MidCon, a subsidiary of Chesapeake Energy Corp. The deal is expected to close in the third quarter.

“We are pleased to acquire an additional fleet of modern, highly standardized assets from MidCon and continue to deliver on our strategy of growing our core contract operations business,” said Brad Childers, Exterran’s President and CEO.

Last April, Exterran completed a US$360 million deal to buy 334 units totaling 440,000 hp (328 MW) from MidCon. Those compressors were in the Permian and Niobrara basins and in the Eagle Ford, Barnett, Anadarko, Mississippi Lime, Granite Wash, Woodford and Haynesville shale areas.

Archive »Recent Articles

USA Compression Fleet Up 24%

USA Compression Partners (USAC) has reported its fleet totaled1.4 million hp (1044 MW) on Sept. 30, up 24% from the third quarter of 2013.

Exterran Gets Oklahoma Equipment Order

Exterran has signed an agreement with Woodford Express LLC for a natural gas processing project.

Answer: Athens Of The South - October 2014

Athens Of The South - October 2014

Exterran’s C-Series Gas Compression Packages

Exterran recently launched its C-Series line of configurable compression packages, pre-engineered with a wide range of configuration options.