Exterran Partners to acquire assets from Chesapeake unit for $135M

|By:, SA News Editor

Exterran Partners (NASDAQ:EXLP) agrees to acquire natural gas compression assets from Chesapeake Energy (NYSE:CHK) subsidiary MidCon Compression for ~$135M.

The assets include 162 compression units, most of which are being used to provide compression services to BHP Billiton in Arkansas' Fayetteville Shale; as part of the deal, the contract operations services agreement with BHP will be assigned to EXLP.

EXLP says the deal will add immediately to distributable cash flow per unit.