Aug. 13, 2013, 8:02 AM
- USA Compression Partners (USAC) agrees to acquire $187M of compression assets from S&R Compression in exchange for ~7.4M common units representing a 20% limited partner interest.
- The 983 compression units are primarily used for oil production and located mostly in Texas and Oklahoma.
- Q2 earnings jumped as revenue and margins improved, but earnings and revenue missed expectations.
USA Compression Partners LP provides compression services in terms of total compression unit horsepower. It is focused on the horsepower infrastructure applications. It provides domestic compression services to various oil companies and independent producers, processors, gatherers and... More
Sector: Basic Materials
Industry: Oil & Gas Drilling & Exploration
Country: United States
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