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    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 16pt; FONT-FAMILY: Times New Roman">UNITED
STATES</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 16pt; FONT-FAMILY: Times New Roman">SECURITIES
AND EXCHANGE COMMISSION</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WASHINGTON,
D.C.&#160;20549</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 20pt; FONT-FAMILY: Times New Roman">FORM
8-K</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">CURRENT
REPORT</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to Section&#160;13 or 15(d) of the Securities Exchange Act of 1934</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
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            <td align="left" valign="bottom" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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      </font></td>
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          <tr>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Date
      of Report (Date of Earliest Event Reported):</font></div>
            </td>
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      </font></td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">July
      30, 2008</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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PARTNERS, L.P.</font></div>
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name of registrant as specified in its charter)</font></div>
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Applicable</font></div>
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name or former address, if changed since last report</font></div>
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Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:</font></font></div>
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communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)</font></div>
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material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)</font></div>
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communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))</font></div>
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communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))</font></div>
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</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
1.01<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Entry into a Material
Definitive Agreement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">Amendment
to Amended and Restated Omnibus Agreement</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
connection with the completion of the Transactions described in Item 2.01,
below, on July 30, 2008, Exterran Partners, L.P. (the &#8220;Partnership&#8221;) entered
into an amendment (the &#8220;Amendment&#8221;) to the First Amended and Restated Omnibus
Agreement, dated as of August 20, 2007 (the &#8220;Omnibus Agreement&#8221;), by and among
the Partnership, Exterran Holdings, Inc. (&#8220;EXH&#8221;), Exterran Energy Solutions,
L.P. (&#8220;EESLP&#8221;)&#160;(individually and as successor to Exterran, Inc.), Exterran
GP LLC (&#8220;GP LLC&#8221;), Exterran General Partner, L.P. (&#8220;GP&#8221;) and EXLP Operating LLC
(&#8220;EXLP Operating&#8221;)&#160;regarding several relationships between EXH and the
Partnership.&#160;&#160;The Omnibus Agreement and the description of the Omnibus
Agreement are incorporated herein by reference to Exhibit 10.3 to the
Partnership&#8217;s Quarterly Report on Form 10-Q filed on November 6, 2007 and the
Partnership&#8217;s Current Report on Form 8-K filed on August 24, 2007,
respectively.&#160;&#160;The Amendment, among other things, (1) increases the
cap on the Partnership's reimbursement of selling, general and administrative
costs allocable from EXH to the Partnership based on such costs incurred by EXH
on behalf of the Partnership (after taking into account such costs that we incur
and pay directly) from $4.75&#160;million per quarter to $6.0&#160;million per
quarter, (2) increases the cap on the Partnership's&#160;reimbursement of
operating costs allocable from EXH to the Partnership based on such costs
incurred by EXH on behalf of the Partnership from $18.00 per horsepower per
quarter to $21.75 per horsepower per quarter and (3) extends the term of the
caps on the Partnership's reimbursement of selling, general and administrative
costs and operating costs for an additional&#160;year such that the caps will
terminate on December 31, 2009.</font></div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;</font></div>
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other than EXH is a direct or indirect subsidiary of EXH. As a result, certain
individuals, including officers and directors of EXH and GP LLC, serve as
officers and/or directors of more than one of such entities. Also, EXH holds a
2% general partner interest and incentive distribution rights in the Partnership
through its indirect ownership of GP, the general partner of the
Partnership.</font></div>
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2.01<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Completion of
Acquisition or Disposition of Assets</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On June
25, 2008, the Partnership entered into a Contribution, Conveyance and Assumption
Agreement (the &#8220;Contribution Agreement&#8221;) with EXH, Hanover Compressor Company,
Hanover Compression General Holdings, LLC, EESLP, Exterran ABS 2007 LLC (&#8220;ABS
2007&#8221;), Exterran ABS Leasing 2007 LLC (&#8220;ABS Leasing&#8221;), EES Leasing LLC (&#8220;EES
Leasing&#8221;), EXH GP LP LLC, GP LLC, EXH MLP LP LLC (&#8220;MLP LP LLC&#8221;), GP, EXLP
Operating and EXLP Leasing LLC (&#8220;EXLP Leasing&#8221;).&#160;&#160;The Contribution
Agreement is incorporated herein by reference to Exhibit 2.1 to the
Partnership&#8217;s Current Report on Form 8-K filed on June 26,
2008.&#160;&#160;Pursuant to the Contribution Agreement, on July 30, 2008, the
Partnership and the other parties to the Contribution Agreement completed the
following transactions (collectively, the &#8220;Transactions&#8221;):</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;A
series of conveyances, contributions and distributions of specified contract
operations customer service agreements with 34 customers, together with a fleet
of 617 compressor units used to provide compression services under those
agreements, owned by ABS Leasing, ABS 2007, EES Leasing and EESLP to various
parties to the Contribution Agreement and ultimately to EXLP Operating and EXLP
Leasing;</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The
Partnership&#8217;s issuance of 2,413,672 common units representing limited partner
interests in the Partnership (&#8220;Common Units&#8221;) to MLP LP LLC;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;</font></div>
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Partnership&#8217;s issuance of 49,259 general partner units in the Partnership
(&#8220;General Partner Units&#8221;) to GP in consideration of the continuation of GP&#8217;s
2.0% general partner interest in the Partnership; and
&#160;&#160;&#160;&#160;&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;EXLP
Operating&#8217;s assumption and retirement of $175.3 million of EXH&#8217;s
debt.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Conflicts Committee of the Board of Directors of GP LLC, acting pursuant to
delegated authority under the Partnership&#8217;s First Amended and Restated Agreement
of Limited Partnership, as amended, approved the terms of the Contribution
Agreement and the Transactions.&#160;&#160;The description in Item 1.01 above of
the relationships between the parties to the&#160;Amendment and the descriptions
in Items&#160;2.03 and 3.02 below of the Partnership&#8217;s and EXLP Operating&#8217;s
financing of the Transactions are incorporated herein by reference.</font></div>
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      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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          <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
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</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
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        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
2.03<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Creation of a Direct
Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of
a Registrant</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
description in Item 2.01 above of the Contribution Agreement, the Transactions
and EXLP Operating&#8217;s assumption of debt is incorporated herein by
reference.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
October&#160;2006, the Partnership and EXLP Operating entered into a senior
secured credit agreement. The revolving credit facility under the credit
agreement initially consisted of a five-year $225&#160;million revolving credit
facility, which was expanded to $315&#160;million in
July&#160;2007.&#160;&#160;In May 2008, the Partnership and EXLP Operating
entered into an amendment to the credit agreement and related loan documents
with the lenders party thereto and Wachovia Bank, National Association, as
administrative agent, increasing the aggregate commitments under the credit
agreement to provide for a $117.5 million term loan facility.&#160;&#160;On
July&#160;30, 2008, EXLP Operating assumed $175.3&#160;million of EXH&#8217;s debt in
connection with the Transactions and repaid that debt in full with a combination
of $117.5&#160;million in borrowings under the term loan facility and $57.8
million in additional borrowings under the revolving credit
facility.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
foregoing description of the senior secured credit agreement and the amendment
thereto does not purport to be complete and is qualified in its entirety by
reference to (i) Exhibit 10.1 to the Partnership&#8217;s Current Report on Form 8-K
filed on October 26, 2006, (ii) Exhibit 10.2 to the Partnership&#8217;s Quarterly
Report on Form 10-Q filed on May 8, 2008 and (iii) the descriptions of the
senior secured credit agreement and the amendment thereto contained in the
Partnership&#8217;s Quarterly Report on Form 10-Q filed on May 8, 2008, all of which
are incorporated herein by reference.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
3.02<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Unregistered Sales of
Equity Securities.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>The descriptions in Item&#160;2.01
above of the issuance by the Partnership of Common Units to MLP LP LLC and the
issuance of General Partner Units to GP in connection with the consummation of
the Transactions are incorporated herein by reference. The&#160;issuance of
those units was&#160;completed on July 30, 2008 in reliance upon the exemption
from the registration requirements of the Securities Act of 1933, as amended,
afforded by Section 4(2), each as a transaction by an issuer not involving a
public offering.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
8.01&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Other
Events</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>On July 30, 2008, the Partnership
announced the closing of the transactions described in Items 1.01, 2.01, 2.03
and 3.02 above.&#160;&#160;A copy of the press release is filed as
Exhibit&#160;99.1 hereto and is incorporated herein by reference.
&#160;&#160;&#160;&#160;&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
9.01<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Financial Statements
and Exhibits.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)&#160;Financial
Statements of Business Acquired.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
financial statements required by Item 9.01(a) will be filed by amendment no
later than 71 days after the date of this Form 8-K.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)&#160;Pro
Forma Financial Information.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>The financial statements required by
Item 9.01(b) will be filed by amendment no later than 71 days after the date of
this Form 8-K.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)
Exhibits.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">
          <tr>
            <td align="left" valign="bottom" width="3%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">99.1</font></div>
            </td>
            <td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="bottom" width="95%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Press
      release of Exterran Holdings, Inc. and Exterran Partners, L.P., dated July
      30, 2008.</font></div>
            </td>
          </tr>
      </table>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">
          <tr>
            <td align="left" valign="bottom" width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="bottom" width="26%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="bottom" width="33%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr>
          <tr>
            <td align="left" valign="top" width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="bottom" width="26%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" colspan="3" valign="top" width="37%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">EXTERRAN
      PARTNERS, L.P.</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="bottom" width="26%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="33%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr>
          <tr>
            <td valign="top" width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="bottom" width="26%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="2%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">By:</font></div>
            </td>
            <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="33%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Exterran
      General Partner, L.P., its general partner</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="15%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="bottom" width="26%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="33%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr>
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      GP LLC, its general partner</font></div>
            </td>
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            </td>
          </tr>
          <tr>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;</font></div>
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      </font></td>
            <td align="left" valign="top" width="33%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
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            <td align="left" valign="top" width="15%" style="PADDING-BOTTOM: 2px">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: times new roman">August
      5, 2008</font></div>
            </td>
            <td align="left" valign="bottom" width="26%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="2%" style="PADDING-BOTTOM: 2px">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: times new roman">By:</font></div>
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      </font></td>
            <td valign="top" width="33%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="FONT-STYLE: italic">/s/ Daniel K. Schlanger</font>&#160;
  </font></td>
          </tr>
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      </font></td>
            <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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      K. Schlanger</font></div>
            </td>
          </tr>
          <tr>
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      Vice President and Chief Financial
Officer</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
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Index</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">
          <tr>
            <td align="left" valign="bottom" width="2%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">99.1</font></div>
            </td>
            <td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="bottom" width="97%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Press
      release of Exterran Holdings, Inc. and Exterran Partners, L.P., dated July
      30, 2008.</font></div>
            </td>
          </tr>
      </table>
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form8k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
      of Report (Date of Earliest Event Reported):
July
      30, 2008
EXTERRAN
PARTNERS, L.P.
__________________________________________
(Exact
name of registrant as specified in its charter)
Delaware
001-33078
22-3935108
_____________________
(State
      or other jurisdiction
_____________
(Commission
______________
(I.R.S.
      Employer
of
      incorporation)
File
      Number)
Identification
      No.)
16666
      Northchase Drive,
Houston,
      Texas
77060
_________________________________
(Address
      of principal executive offices)
___________
(Zip
      Code)
Registrant's
      telephone number, including area code:
(281)
      836-7000
Not
Applicable
______________________________________________
Former
name or former address, if changed since last report
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:
[  ]  Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[  ]  Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[  ]  Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
[  ]  Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
1.01
Entry into a Material
Definitive Agreement.
Amendment
to Amended and Restated Omnibus Agreement
In
connection with the completion of the Transactions described in Item 2.01,
below, on July 30, 2008, Exterran Partners, L.P. (the "Partnership") entered
into an amendment (the "Amendment") to the First Amended and Restated Omnibus
Agreement, dated as of August 20, 2007 (the "Omnibus Agreement"), by and among
the Partnership, Exterran Holdings, Inc. ("EXH"), Exterran Energy Solutions,
L.P. ("EESLP") (individually and as successor to Exterran, Inc.), Exterran
GP LLC ("GP LLC"), Exterran General Partner, L.P. ("GP") and EXLP Operating LLC
("EXLP Operating") regarding several relationships between EXH and the
Partnership.  The Omnibus Agreement and the description of the Omnibus
Agreement are incorporated herein by reference to Exhibit 10.3 to the
Partnership's Quarterly Report on Form 10-Q filed on November 6, 2007 and the
Partnership's Current Report on Form 8-K filed on August 24, 2007,
respectively.  The Amendment, among other things, (1) increases the
cap on the Partnership's reimbursement of selling, general and administrative
costs allocable from EXH to the Partnership based on such costs incurred by EXH
on behalf of the Partnership (after taking into account such costs that we incur
and pay directly) from $4.75 million per quarter to $6.0 million per
quarter, (2) increases the cap on the Partnership's reimbursement of
operating costs allocable from EXH to the Partnership based on such costs
incurred by EXH on behalf of the Partnership from $18.00 per horsepower per
quarter to $21.75 per horsepower per quarter and (3) extends the term of the
caps on the Partnership's reimbursement of selling, general and administrative
costs and operating costs for an additional year such that the caps will
terminate on December 31, 2009.
Relationships
Each of the parties to the Amendment
other than EXH is a direct or indirect subsidiary of EXH. As a result, certain
individuals, including officers and directors of EXH and GP LLC, serve as
officers and/or directors of more than one of such entities. Also, EXH holds a
2% general partner interest and incentive distribution rights in the Partnership
through its indirect ownership of GP, the general partner of the
Partnership.
Item
2.01
Completion of
Acquisition or Disposition of Assets
On June
25, 2008, the Partnership entered into a Contribution, Conveyance and Assumption
Agreement (the "Contribution Agreement") with EXH, Hanover Compressor Company,
Hanover Compression General Holdings, LLC, EESLP, Exterran ABS 2007 LLC ("ABS
2007"), Exterran ABS Leasing 2007 LLC ("ABS Leasing"), EES Leasing LLC ("EES
Leasing"), EXH GP LP LLC, GP LLC, EXH MLP LP LLC ("MLP LP LLC"), GP, EXLP
Operating and EXLP Leasing LLC ("EXLP Leasing").  The Contribution
Agreement is incorporated herein by reference to Exhibit 2.1 to the
Partnership's Current Report on Form 8-K filed on June 26,
2008.  Pursuant to the Contribution Agreement, on July 30, 2008, the
Partnership and the other parties to the Contribution Agreement completed the
following transactions (collectively, the "Transactions"):
1.            A
series of conveyances, contributions and distributions of specified contract
operations customer service agreements with 34 customers, together with a fleet
of 617 compressor units used to provide compression services under those
agreements, owned by ABS Leasing, ABS 2007, EES Leasing and EESLP to various
parties to the Contribution Agreement and ultimately to EXLP Operating and EXLP
Leasing;
2.            The
Partnership's issuance of 2,413,672 common units representing limited partner
interests in the Partnership ("Common Units") to MLP LP LLC;
3.            The
Partnership's issuance of 49,259 general partner units in the Partnership
("General Partner Units") to GP in consideration of the continuation of GP's
2.0% general partner interest in the Partnership; and
4.            EXLP
Operating's assumption and retirement of $175.3 million of EXH's
debt.
The
Conflicts Committee of the Board of Directors of GP LLC, acting pursuant to
delegated authority under the Partnership's First Amended and Restated Agreement
of Limited Partnership, as amended, approved the terms of the Contribution
Agreement and the Transactions.  The description in Item 1.01 above of
the relationships between the parties to the Amendment and the descriptions
in Items 2.03 and 3.02 below of the Partnership's and EXLP Operating's
financing of the Transactions are incorporated herein by reference.
Item
2.03
Creation of a Direct
Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of
a Registrant
The
description in Item 2.01 above of the Contribution Agreement, the Transactions
and EXLP Operating's assumption of debt is incorporated herein by
reference.
In
October 2006, the Partnership and EXLP Operating entered into a senior
secured credit agreement. The revolving credit facility under the credit
agreement initially consisted of a five-year $225 million revolving credit
facility, which was expanded to $315 million in
July 2007.  In May 2008, the Partnership and EXLP Operating
entered into an amendment to the credit agreement and related loan documents
with the lenders party thereto and Wachovia Bank, National Association, as
administrative agent, increasing the aggregate commitments under the credit
agreement to provide for a $117.5 million term loan facility.  On
July 30, 2008, EXLP Operating assumed $175.3 million of EXH's debt in
connection with the Transactions and repaid that debt in full with a combination
of $117.5 million in borrowings under the term loan facility and $57.8
million in additional borrowings under the revolving credit
facility.
The
foregoing description of the senior secured credit agreement and the amendment
thereto does not purport to be complete and is qualified in its entirety by
reference to (i) Exhibit 10.1 to the Partnership's Current Report on Form 8-K
filed on October 26, 2006, (ii) Exhibit 10.2 to the Partnership's Quarterly
Report on Form 10-Q filed on May 8, 2008 and (iii) the descriptions of the
senior secured credit agreement and the amendment thereto contained in the
Partnership's Quarterly Report on Form 10-Q filed on May 8, 2008, all of which
are incorporated herein by reference.
Item
3.02
Unregistered Sales of
Equity Securities.
The descriptions in Item 2.01
above of the issuance by the Partnership of Common Units to MLP LP LLC and the
issuance of General Partner Units to GP in connection with the consummation of
the Transactions are incorporated herein by reference. The issuance of
those units was completed on July 30, 2008 in reliance upon the exemption
from the registration requirements of the Securities Act of 1933, as amended,
afforded by Section 4(2), each as a transaction by an issuer not involving a
public offering.
Item
8.01
Other
Events
On July 30, 2008, the Partnership
announced the closing of the transactions described in Items 1.01, 2.01, 2.03
and 3.02 above.  A copy of the press release is filed as
Exhibit 99.1 hereto and is incorporated herein by reference.
Item
9.01
Financial Statements
and Exhibits.
(a) Financial
Statements of Business Acquired.
The
financial statements required by Item 9.01(a) will be filed by amendment no
later than 71 days after the date of this Form 8-K.
(b) Pro
Forma Financial Information.
The financial statements required by
Item 9.01(b) will be filed by amendment no later than 71 days after the date of
this Form 8-K.
(d)
Exhibits.
99.1
Press
      release of Exterran Holdings, Inc. and Exterran Partners, L.P., dated July
      30, 2008.
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized.
EXTERRAN
      PARTNERS, L.P.
By:
Exterran
      General Partner, L.P., its general partner
By:
Exterran
      GP LLC, its general partner
(Registrant)
August
      5, 2008
By:
/s/ Daniel K. Schlanger
Daniel
      K. Schlanger
Senior
      Vice President and Chief Financial
Officer
Exhibit
Index
99.1
Press
      release of Exterran Holdings, Inc. and Exterran Partners, L.P., dated July
      30, 2008.