Exterran Corporation

Exterran Corporation was set up in 2007 and is now headquartered in Houston, Texas. Exterran engages in oil and natural gas production, processing, treating, transportation, produced water treatment solutions and other related applications. Currently (2013.12) there are mainly three segments: Contract Operations segment, Aftermarket Services segment, Fabrication segment. 2013,.4, Exterran Partners LP acquired compression assets from the Exterran.[1]

Exterran Corporation
TypePublic
NYSE: EXTN
S&P 600 Component
IndustryOil & Gas Equipment & Services
Founded1954
Headquarters
Houston, Texas
Key people
Andrew J. Way (CEO)

On Nov. 4, 2015, Exterran Corporation (NYSE:EXTN) announced the completion of its previously announced spin-off from Exterran Corporation and emerged as an independent, publicly traded company. Exterran Corporation which was formerly the international services and global fabrication businesses of Exterran Corporation is involved in natural gas compression, production and processing products and services. Exterran was formed when Universal Compression (1954) merged with Hanover (1990) in 2007. Universal Compression went public in 2000 and then acquired Weatherford, Global and Gas Compression Services, KCI, LCM and TCS. Hanover acquired APSI and POI to enter the gas processing business, and reorganized into GBU concept before the merger.[2]

Products

Contract Operations
Contract Operations business line owns a fleet of natural gas production, processing and compression equipment, and crude oil equipment. As of December 31, 2012, the Company's North America contract operations segment owns a fleet of 7,651 natural gas compression units with an aggregate capacity of approximately 3,376,000 horsepower and production and processing facilities. while the international contract operations segment owns a fleet of 1,032 natural gas compression units with 1,265,000 horsepower and a fleet of production and processing equipment.
Fabrication
Fabrication business line provides engineering, procurement and fabrication services mainly for the critical process equipment for refinery and petrochemical facilities. Besides it also provides fabrication for tank farms, evaporators and brine heaters. The products include line heaters, oil and natural gas separators, condensate stabilizers, mechanical refrigeration and some onshore and offshore production facilities
Aftermarket Services
Aftermarket Services business line provides components and maintenance related services to customers who have bought their equipment.[3]

Operations

In April 2018 Castle Harlan purchased the North American oil and gas production equipment assets of the company, forming a new firm called Titan Production Equipment.[4]

Managerial practice

In 2011, Mr. Danner departed as President and Chief Executive Officer, and Exterran named D. Bradley Childers president and chief executive officer (CEO) of Exterran.[5]

Andrew J. Way currently serves as the CEO and the President of the company. Here is a list of Exterran Corporation senior officers and directors (2018):

  • Mark R. Sotir Executive Chairman of the Board
  • Andrew J. Way President, Chief Executive Officer
  • James C. Gouin Director since November 2015
  • Valerie L. Banner Vice President, General Counsel and Secretary
  • David A. Barta Senior Vice President and Chief Financial Officer
  • Roger George Senior Vice President, Global Engineering and Product Lines
  • Christine M. Michel Senior Vice President, Global Human Resources and Communications
  • Girish K. Saligram Senior Vice President, Global Services
  • Michael W. Sanders Vice President and Chief Accounting Officer
  • David S. Vaughn Vice President, Global Health, Safety, Security and Environment

Research & development

2013.12, Black & Veatch and Exterran Energy Solutions, L.P. signed an exclusive agreement to develop modular natural gas processing units (Black & Veatch’s patented PRICO-C2™ process).[6]

References
  1. "Business Summary".
  2. "Company History". Archived from the original on 2013-12-24. Retrieved 2013-12-21.
  3. "Company Full Description". Reuters.
  4. "BRIEF-Castle Harlan Acquires Through Affiliate Exterran's Oil, Gas Production Equipment Assets In North America". Reuters. 17 April 2018. Retrieved 18 April 2018.
  5. "Exterran Names Brad Childers Chief Executive Officer".
  6. "Exterran Signs Exclusive Agreement with Black & Veatch to Market Innovative, Cost-saving Natural Gas Processing Technology in North America".
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