MIDLAND, Texas, Dec. 1, 2014 /PRNewswire/ -- Compressco Partners,
L.P. (CSI Compressco or the Partnership) announced that it has
changed its name to CSI Compressco LP, effective December 1, 2014, following the closing of its
acquisition of Compressor Systems, Inc. (CSI) in August 2014. In addition to the name change, and
also effective December 1, 2014, the
NASDAQ ticker symbol for CSI Compressco LP's common units has been
changed from "GSJK" to "CCLP". No action is required by unitholders
as a result of these changes.
Ron Foster, Senior Vice President
and Chief Marketing Officer of CSI Compressco LP, remarked, "We are
very excited with progress on assimilating these two great
companies and believe the new name provides evidence of our
progress in combining two very complimentary company cultures into
one world class organization. With the acquisition of CSI, we now
offer a full range of compression products and services that cover
compression needs throughout the entire natural gas production and
transportation cycle. Our primary business lines include service
operations, after-market services and equipment sales to natural
gas and oil producing clients throughout North America and many foreign countries."
CSI Compressco is a provider of compression services and
equipment for natural gas and oil production, gathering,
transportation, processing, and storage. CSI Compressco's
compression and related services business includes a fleet of over
6,000 compressor packages providing in excess of 1.0 million in
aggregate horsepower, utilizing a full spectrum of low-, medium-,
and high-horsepower engines. CSI Compressco also provides well
monitoring and automated sand separation services in conjunction
with compression services in Mexico. CSI Compressco's equipment and parts
sales business includes the fabrication and sale of standard
compressor packages, custom-designed compressor packages, and
engine-driven oilfield fluid pump systems designed and fabricated
primarily at our facilities in Midland,
Texas and Oklahoma City,
Oklahoma, as well as the sale of compressor parts and
components manufactured by third-party suppliers. CSI Compressco's
aftermarket services business provides compressor package
reconfiguration and maintenance services. CSI Compressco's
customers comprise a broad base of natural gas and oil exploration
and production, mid-stream, 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, and Argentina. CSI Compressco is managed by CSI
Compressco GP Inc., which is an indirect, wholly owned subsidiary
of TETRA Technologies, Inc. (NYSE: TTI).
www.compressco.com
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SOURCE Compressco Partners, L.P.