THE
WOODLANDS, Texas, July 26,
2023 /PRNewswire/ -- CSI Compressco LP ("CSI
Compressco") (NASDAQ: CCLP) announced today that on July 24, 2023, Spartan Energy Holdco LLC, the
sole member of CSI Compressco GP LLC (the "General Partner"), the
general partner of CSI Compressco, increased the size of the Board
of Directors of the General Partner (the "Board") from eight
members to nine members and appointed Joseph Patrick McElroy to serve as a member of
the Board, effective immediately. Mr. McElroy currently serves as a
Managing Partner of Merced Capital, L.P.
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