THE
WOODLANDS, Texas, Jan. 19,
2023 /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 December
31, 2022 of $0.01 per
outstanding common unit, or $0.04 per
outstanding common unit on an annualized basis. This cash
distribution will be paid on February 14,
2023 to all common unitholders of record as of the close of
business on January 31, 2023.
About CSI Compressco
CSI Compressco is a provider of compression services and
equipment for natural gas and oil production, gathering, artificial
lift, transmission, processing, and storage. In addition, CSI
Compressco provides a variety of natural gas treating services. CSI
Compressco's contract services business includes a fleet of
approximately 4,800 compressor packages providing approximately 1.2
million in aggregate horsepower, utilizing a full spectrum of low-,
medium- and high-horsepower engines. Additionally, our gas treating
equipment fleet includes natural gas cooling units used to reduce
the temperature of natural gas so that it can be further treated,
processed, or compressed. CSI Compressco also provides well
monitoring and automated sand separation services in conjunction
with compression and related services in Mexico. 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, Argentina, Egypt, and Chile. CSI Compressco's General Partner is
owned by Spartan Energy Partners LP. 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