THE WOODLANDS, Texas,
Aug. 18, 2020 /PRNewswire/ -- CSI Compressco LP ("CSI
Compressco" or the "Partnership") (NASDAQ: CCLP) announced that it
received a letter from the Nasdaq Stock Market LLC
("Nasdaq") on August 17, 2020
which contained a NASDAQ compliance determination that the
Partnership has regained compliance with NASDAQ Listing Rule
5450(a)(1), which requires listed securities to maintain a minimum
closing bid price of $1.00 per unit.
CSI Compressco's common units have maintained a closing bid price
of at least $1.00 per unit for more
than ten consecutive trading days. Accordingly, CSI Compressco has
regained compliance with Nasdaq Listing Rule 5450(a)(1) and Nasdaq
considers the prior bid price deficiency matter now closed.
CSI Compressco Overview
CSI Compressco is a provider of compression services and
equipment for natural gas and oil production, gathering, artificial
lift, transmission, processing, and storage. CSI Compressco's
compression and related services business includes a fleet of more
than 4,900 compressor packages providing approximately 1.18 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 and related services in certain Latin
American markets. 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 and Argentina. CSI
Compressco is managed by CSI Compressco GP Inc., which is an
indirect, wholly owned subsidiary of TETRA Technologies, Inc.
(NYSE: TTI).
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SOURCE CSI Compressco LP