Exterran Holdings Acquires EMIT Water Discharge Technology, LLC

HOUSTON--(Business Wire)--
Exterran Holdings, Inc. (NYSE:EXH) today announced that it has
acquired EMIT Water Discharge Technology, LLC ("EMIT"), a leading
provider of contract water management and processing services to the
coal bed methane industry, for approximately $108 million, subject to
certain post-closing adjustments to be determined. Based in Sheridan,
Wyoming, EMIT provides cost-effective processing services to remove
salts and other dissolved solids from water associated with the
production of natural gas from coal beds.

Bob Despain, Chief Executive Officer of EMIT, said, "We are
excited to be a part of Exterran and are looking forward to taking
advantage of the opportunities that Exterran's expanded reach and
customer relationships provide us. We believe this transaction will
have a positive impact on our customers, our employees and the
communities we serve."

"We are very pleased that an outstanding group of EMIT employees
will be joining the Exterran team," said Stephen A. Snider, Exterran's
President and Chief Executive Officer. "EMIT is an excellent addition
to our contract operations business and highly complementary to our
existing compression, production and processing product lines. We will
continue to provide the quality service that EMIT's existing customers
have relied upon in their coal bed methane operations in the western
United States and will also seek to expand these advantageous water
processing services into other applicable oil and gas markets
throughout the world."

About Exterran

Exterran Holdings, Inc. is a global market leader in full service
natural gas compression and a premier provider of operations,
maintenance, service and equipment for oil and gas production,
processing and transportation applications. Exterran Holdings serves
customers across the energy spectrum--from producers to transporters
to processors to storage owners. Headquartered in Houston, Texas,
Exterran and its over 10,000 employees have operations in more than 30
countries. For more information, visit www.exterran.com.

Forward-Looking Statements

All statements in this release (and oral statements made regarding
the subjects of this release) other than historical facts are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements rely on a number of assumptions concerning future events
and are subject to a number of uncertainties and factors, many of
which are outside the control of Exterran Holdings (the "Company"),
which could cause actual results to differ materially from such
statements. Forward-looking information includes, but is not limited
to, statements regarding the expected benefits of the transaction to
the Company and EMIT and the Company's intentions with respect to
EMIT's business.

While the Company believes that the assumptions concerning future
events are reasonable, it cautions that there are inherent
difficulties in predicting certain important factors that could impact
the future performance or results of its business. Among the factors
that could cause results to differ materially from those indicated by
such forward-looking statements are the inability to fully integrate
EMIT and its products into the Company; conditions in the oil and gas
industry, including a sustained decrease in the level of supply or
demand for oil and natural gas and the impact on the price of oil and
natural gas; the Company's ability to timely and cost-effectively
obtain components necessary to conduct its business; changes in
political or economic conditions in key operating markets; and changes
in safety and environmental regulations pertaining to the production
and transportation of oil and natural gas.

These forward-looking statements are also affected by the risk
factors, forward-looking statements and challenges and uncertainties
described in Exterran Holdings' Annual Report on Form 10-K for the
year ended December 31, 2007, as amended by Amendment No. 1 thereto,
and those set forth from time to time in the Company's filings with
the Securities and Exchange Commission, which are currently available
at www.exterran.com. Except as required by law, the Company expressly
disclaims any intention or obligation to revise or update any
forward-looking statements whether as a result of new information,
future events or otherwise.

Exterran Holdings, Inc.
Investors:
David Oatman, 281-836-7035
or
Media:
Pat (Patricia) Wente, 281-836-7308
or
Rick Goins, 281-836-7289

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