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Exterran Holdings, Inc. (EXH) and Exterran Partners, L.P. (EXLP) today announced that Exterran Partners has acquired assets from Exterran Holdings for consideration valued at $102.3 million, including customer contracts serving 60 customers together with 244 compressor units used to provide compression services under those contracts. Those compressor units represent approximately 151,000 horsepower of compression and approximately 4 percent (by available horsepower) of the combined U.S. contract operations business of Exterran Holdings and Exterran Partners.

In addition, the acquisition includes 179 compressor units comprising approximately 66,000 horsepower previously leased from Exterran Holdings to Exterran Partners. The consideration paid to Exterran Holdings’ affiliates consisted entirely of Exterran Partners’ equity, composed of 3,963,138 common units and 80,341 general partner units.

“We are pleased with this transaction, which expands Exterran Partners’ fee-based business and increases its leading market position as a provider of natural gas contract compression services in the United States,” said Brad Childers, President and Chief Executive Officer of Exterran Holdings. “We plan for Exterran Partners to continue to be the growth vehicle for our U.S. contract services business.”

“In addition, we believe the transaction will be accretive to Exterran Partners’ distributable cash flow per limited partner unit and enhances Exterran Partners’ capital position,” said David Miller, Senior Vice President and Chief Financial Officer of Exterran Partners’ managing general partner.

The transaction was approved by the conflicts committee of the board of directors of Exterran Partners’ managing general partner. The conflicts committee, which is composed entirely of independent directors, retained independent legal and financial advisors to assist it in evaluating the transaction.

About Exterran Holdings and Exterran Partners

Exterran Holdings, Inc. 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 Partners, L.P., 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.