Compressed natural gas industrial pipes. (Source: Shutterstock)
Nova Compression has purchased a package of natural gas compression assets from Kodiak Gas Services, expanding its operations in the Delaware Basin in West Texas, the company said Dec. 5.
“The new assets will expand our presence in West Texas while further growing our flexible range of horsepower we offer customers,” Nova CEO Jonathan Mitchell said. The compressions packages are in the Pecos area of West Texas.
After closing the Kodiak purchase, Nova will have more than 330,000 hp in Texas, Oklahoma, Louisiana and Arkansas.
Crestline Investors provided financing for the deal. Other financial details were not disclosed.
Recommended Reading
Petrobras Awards SLB Another Contract Offshore Brazil
2024-12-12 - Petrobras has awarded JV SLB OneSubsea a contract for raw water injection systems a day after Petrobras selected SLB to handle integrated services at its offshore fields.
SLB to Manage Construction of Deepwater Wells for Petrobras
2024-12-11 - SLB will work off nine ultra-deepwater rigs to oversee the construction of deepwater wells as part of the $800 million, three-year deal with Petrobras.
Nabors, ProPetro Plan to Deliver High Voltage to Drillers
2024-12-10 - Nabors Industries, in partnership with e2Companies, and, separately, ProPetro Holding Corp., both launched oilfield electrification solutions on Dec. 10.
Integrating OCTG Management from Planning to Well
2024-12-10 - Tenaris’ Rig Direct provides improved collaboration and communication, and more uptime.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.