Businessweek

Exterran Holdings, Inc. provides operations, maintenance, service, and equipment for oil and natural gas production, processing, and transportation applications. The company offers its customers, on either a contract operations basis or a sale basis, the engineering, design, project management, procurement and construction services necessary to incorporate its products into production, processing and compression facilities, which the company refers to as Integrated Projects. Segments North America Contract Operations The company’s North America contract operations segment primarily provides natural gas compression and production and processing services to meet specific customer requirements utilizing Exterran-owned assets within the U.S. The company provides comprehensive contract operations services, including the personnel, equipment, tools, materials and supplies to meet customers’ natural gas compression, production or processing service needs. Based on the operating specifications at the customer’s location and the customer’s unique needs, these services include designing, sourcing, owning, installing, operating, servicing, repairing and maintaining equipment to provide these services to customers. The company also provides contract production and processing services, similar to the contract compression services, utilizing a fleet of oil and natural gas production and processing equipment. As of December 31, 2012, North America contract operations segment provided contract operations services primarily using a fleet of 7,651 natural gas compression units with an aggregate capacity of approximately 3,376,000 horsepower and production and processing facilities. International Contract Operations The International Contract Operations segment provides substantially the same services as its North America contract operations segment except it services locations outside the U.S. Services provided in its international contract operations segment often include engineering, procurement and on-site construction of large natural gas compression stations and/or crude oil or natural gas production and processing facilities. International projects often require the company to provide complete engineering, design and installation services and a greater investment in equipment, facilities and related installation costs. These larger projects include compressor units on one site or entire facilities designed to process and treat oil or natural gas to make it suitable for end use. As of December 31, 2012, the International Contract operations segment provided contract operations services using a fleet of 1,032 natural gas compression units with an aggregate capacity of approximately 1,265,000 horsepower and a fleet of production and processing equipment. Aftermarket Services The Aftermarket Services segment provides a range of services to support the surface production, compression and processing needs of customers, from parts sales and normal maintenance services to full operation of a customer’s owned assets. Fabrication The company’s fabrication segment provides design, engineering, fabrication, installation and sale of natural gas compression units and accessories and equipment used in the production, treating and processing of crude oil and natural gas; and engineering, procurement and fabrication services primarily related to the manufacturing of critical process equipment for refinery and petrochemical facilities, the fabrication of tank farms and the fabrication of evaporators and brine heaters for desalination plants. The company’s products include line heaters, oil and natural gas separators, glycol dehydration units, condensate stabilizers, dewpoint control plants, water treatment, mechanical refrigeration and cryogenic plants and skid-mounted production packages designed for both onshore and offshore production facilities. The company sells standard production and processing equipment, which is used for processing wellhead production from onshore or shallow-water offshore platform production primarily into U.S. markets. International Operations The company operates in various geog