USA Compression Doubles Fleet In Acquisition

18 January 2018

In an estimated US$1.8 billion transaction, USA Compression (USAC) will gain approximately 1.6 million hp in its acquisition of Energy Transfer Partners’ compression subsidiaries CDM Resource Management LLC and CDM Environmental & Technical Services LLC (collectively, “CDM”).

This transaction will essentially double USAC’s compression fleet to a total of 3.4 million hp and lengthen its reach into the Eagle Ford Shale, Rockies, Gulf Coast and Permian Basin. The acquisition will also provide USAC with an increased focus on large horsepower installations as 70% of CDM’s fleet operates at 1000 hp or more. CDM also provides a full range of gas treating and emissions services.

Energy Transfer Equity will acquire 12.5 million common units from USA Compression Holdings as part of the agreement.

Delivered directly to your inbox, CompressorTech² News features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
Baker Hughes expanding Saudi facility
Dammam site will add capacity for manufacturing, repairs
Petronas announces gas discovery
Third discovery in region off Suriname
Pipeline eyed for hydrogen shipments between Denmark, Germany
Everfuel signs Letter of Intent with German industrial offtaker for initial supply of 10,000 tons of green hydrogen per year