Exterran and Exterran Partners are pleased to announce the future name of the market leader in U.S. natural gas contract compression services: Archrock.
In the third quarter of 2015, Exterran expects to separate its international contract operations, international aftermarket services and global product line businesses into a standalone company, resulting in two independent companies. The remaining company, which will be called Archrock, will be the leading provider of natural gas contract compression services and a premier provider of aftermarket services and parts to customers in the oil and natural gas industry throughout the United States.
“Archrock will continue to offer our customers contract compression services utilizing the country’s largest fleet, well-established relationships with OEM manufacturers and distributors, and outstanding aftermarket parts and service capability,” said President and CEO Brad Childers. “The Archrock name, with its ties to the natural world and its message of connection, is a fitting reflection of the way we perform for our customers. With approximately 3.7 million operating horsepower in our compression services fleet across the United States, we are strong, we are here for the long term and we bridge divides — connecting with our customers, employees and communities. We are where our customers need us.”
After the completion of the separation transaction, Exterran Partners, L.P., a master limited partnership, will be named “Archrock Partners, L.P.”
The company comprising Exterran’s global product lines and non-U.S. services will continue to be called “Exterran.” It will continue to be a market leader supplying customers throughout the world engaged in all aspects of the oil and natural gas industry.
“Exterran’s customers can continue to rely on our legacy of proven world-wide performance,” said Executive Vice President Andrew Way, who will become President and CEO of Exterran when the transaction is complete.
Exterran’s global product lines will include production equipment, natural gas compression equipment, processing and treating equipment and water treatment solutions. In addition, outside the United States, it will continue to be a leading provider of full-service natural gas contract compression and a supplier of new, used, OEM and aftermarket parts and services.
NOTE TO EDITORS: Logos for the companies are available for publication.
About Exterran Holdings and Exterran Partners
Exterran Holdings, Inc. (NYSE:EXH) is a global market leader in full service natural gas compression and a premier provider of operations, maintenance, service and equipment for oil and gas production, processing and transportation applications. Exterran Holdings serves customers across the energy spectrum – from producers to transporters to processors to storage owners. Headquartered in Houston, Texas, Exterran has approximately 10,000 employees and operates in approximately 30 countries. Exterran has approximately 3.7 million operating horsepower of contract compression in the United States as of March 31, 2015.
Exterran Partners, L.P., (NASDAQ:EXLP) a master limited partnership, is the leading provider of natural gas contract compression services to customers throughout the United States. Exterran Holdings owns an equity interest in Exterran Partners, including all of the general partner interest.
For more information, visit www.exterran.com.