THE WOODLANDS, Texas,
July 22, 2019 /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 June 30, 2019 of $0.01 per outstanding common unit, or
$0.04 per outstanding common unit on
an annualized basis. This cash distribution is the same as the
previous quarterly distribution and will be paid on August 14, 2019 to all common unitholders of
record as of the close of business on August
1, 2019.
CSI Compressco will release its second quarter 2019 results
before the opening of the market on Wednesday, August 7, 2019. Following the
release, CSI Compressco will host a conference call at 10:30 a.m. Eastern Time to discuss the
results. CSI Compressco invites you to listen to the
conference call by calling the toll free number 1-866-374-8397. The
conference call will also be available by live audio webcast and
may be accessed through CSI Compressco's website at
www.csicompressco.com. The news release will be available on CSI
Compressco's website prior to the conference call. An audio
replay of the conference call will be available at 1-877-344-7529,
conference number 10127837 for one week following the conference
call and the archived webcast will be available through CSI
Compressco's website for thirty days following the conference
call.
About CSI Compressco
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 more
than 5,700 compressor packages providing approximately 1.17 million
in aggregate horsepower, utilizing a full spectrum of low, mid and
high horsepower engines. CSI Compressco also provides well
monitoring and automated sand separation services in conjunction
with compression and related services in Mexico. CSI
Compressco's equipment sales business includes the fabrication and
sale of standard compressor packages and custom-designed compressor
packages designed and fabricated primarily at our facility in
Midland, Texas. CSI Compressco's aftermarket business
provides compressor package reconfiguration and maintenance
services, as well as the sale of compressor package parts and
components manufactured by third-party suppliers. 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).
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.
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SOURCE CSI Compressco LP