• Jul. 21, 2014, 10:34 AM
    • TETRA Technologies (TTI +4.8%) agrees to acquire Compressor Systems, owner of the fourth-largest U.S. gas compression fleet, for $825M.
    • The deal could make TTI affiliate Compressco Partners (NASDAQ:GSJK), a relatively young player in the growing U.S. market for pumping gas from aging wells, a rival to Exterran Partners (EXLP, EXH) and other large U.S. compressors, in terms of energy pumping horsepower.
    • TTI says the deal will increase Compressco's total horsepower offering from ~187K to 1M-plus, and allow Compressco to utilize an expanded range of compressor packages (from 20 HP units to 2,370 HP units) for compression services to customers.
    Jul. 21, 2014, 10:34 AM | 1 Comment
  • Jul. 14, 2014, 8:10 AM
    • 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.
    Jul. 14, 2014, 8:10 AM