Chesapeake Energy Corp. sells off MidCon Compression assets to Houston based Exterran Partners

Houston-based energy services provider Exterran Partners LP Nasdaq: EXLP will again acquire assets of MidCon Compression LLC, a Chesapeake Energy Corp. NYSE: CHK subsidiary, for $135 million, the companies said on July 14.Exterran will receive 162 natural gas compression units through the deal, the second in four months between Exterran and Chesapeake for MidCon assets. In April, Exterran bought 337 units from Chesapeake for $360 million.“We are pleased to acquire an additional fleet of modern, highly standardized assets from MidCon and continue to deliver on our strategy of growing our core contract operations business,” Exterran President and CEO Brad Childers said in a statement.

via Chesapeake Energy Corp. sells off MidCon Compression assets to Houston based Exterran Partners – Houston Business Journal.

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