THE WOODLANDS, Texas,
Jan. 21, 2022 /PRNewswire/ -- CSI
Compressco LP ("CSI Compressco") (NASDAQ: CCLP) announced today
that the board of directors of its general partner has declared a
cash distribution attributable to the quarter ended December 31, 2021 of $0.01 per outstanding common unit, or
$0.04 per outstanding common unit on
an annualized basis. This cash distribution will be paid on
February 14, 2022 to all common
unitholders of record as of the close of business on January 31, 2022.
About CSI Compressco
CSI Compressco is a provider of compression services and
equipment for natural gas and oil production, gathering, artificial
lift, transmission, processing, and storage. In addition, CSI
Compressco provides a variety of natural gas treating services. CSI
Compressco's contract services business includes a fleet of
approximately 4,800 compressor packages providing approximately 1.2
million in aggregate horsepower, utilizing a full spectrum of low-,
medium- and high-horsepower engines. Additionally, our gas treating
equipment fleet includes natural gas cooling units used to reduce
the temperature of natural gas so that it can be further treated,
processed, or compressed. CSI Compressco also provides well
monitoring and automated sand separation services in conjunction
with compression and related services in Mexico. CSI Compressco's aftermarket business
provides compressor package reconfiguration and maintenance
services. CSI Compressco's customers comprise a broad base of
natural gas and oil exploration and production, midstream,
transmission, and storage companies operating throughout many of
the onshore producing regions of the
United States, as well as in a number of foreign countries,
including Mexico, Canada, Argentina, Egypt, and Chile. CSI Compressco's General Partner is
owned by Spartan Energy Partners LP. This news release serves as
qualified notice to nominees as provided for under Treasury
Regulation Section 1.1446-4(b)(4) and (d). CSI Compressco's
distributions to foreign investors are subject to federal tax
withholding at the highest applicable effective tax
rate. Nominees are treated as withholding agents responsible
for withholding distributions received by them on behalf of foreign
investors.
For further information, please contact: Jon Byers, CFO, CSI Compressco LP, The Woodlands, Texas, Phone: 281.364.2279,
www.csicompressco.com
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SOURCE CSI Compressco LP