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Exterran Partners LP enters seven-year contract operations services agreement with Access Midstream Partners LP

Friday, 28 Feb 2014 08:30am EST 

Exterran Partners LP:Entered into an agreement to acquire natural gas compression assets from MidCon Compression, L.L.C., a subsidiary of Chesapeake Energy Corp for about $360 mln.Says the assets to be acquired include 334 compression units, with a total horsepower of about 440,000, which currently are being used to provide compression services to Access MLP Operating, L.L.C., subsidiary of Access Midstream Partners LP.Says in connection with the acquisition, Exterran Partners and Access have entered into a seven-year contract operations services agreement to be effective as of the closing.Says the transaction is subject to closing conditions and is expected to close in the second quarter 2014. 

Company Quote

29 Oct 2014