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The natural gas contract compression services
we provide, subsequent to our acquisition of CDM, include
designing, sourcing, owning, insuring, installing, operating,
servicing, repairing, and maintaining compressors and related
equipment for which we guarantee our customers 98 percent
mechanical availability for land installations and 96 percent
mechanical availability for over-water installations. We
focus on meeting the complex requirements of field-wide
compression applications, as opposed to targeting the compression
needs of individual wells within a field. These
field-wide applications include compression for natural gas
gathering, natural gas lift for crude oil production and natural
gas processing. We believe that we improve the
stability of our cash flow by focusing on field-wide compression
applications because such applications generally involve long-term
installations of multiple large horsepower compression units. Our
contract compression operations are primarily located in Texas,
Louisiana, and Arkansas.
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