We are a provider of compression services and equipment for natural gas and
oil production, gathering, transportation, processing, and storage. We sell
standard and custom-designed compressor packages and oilfield fluid pump systems,
and provide aftermarket services and compressor package parts and components
manufactured by third-party suppliers. We provide these compression services
and equipment to a broad base of natural gas and oil exploration and production,
midstream, and transmission 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, and Argentina. We design and fabricate a majority
of the compressor packages that we use to provide compression services and that
we sell to customers.
We are one of the largest service providers of natural gas compression services
in the United States, utilizing our fleet of compressor packages that employs
a full spectrum of low-, medium-, and high-horsepower engines. Low-horsepower
compressor packages enhance production for dry gas wells and liquid-loaded gas
wells by deliquifying wells, lowering wellhead pressure, and increasing gas
velocity. Our low-horsepower compressor packages are also utilized in connection
with oil and liquids production and in vapor recovery and casing gas system
applications. Low- to medium-horsepower compressor packages are typically utilized
in wellhead and natural gas gathering systems and other applications primarily
in connection with natural gas and oil production. Our high-horsepower compressor
package offerings are typically utilized in natural gas production, natural
gas gathering, centralized compression facilities, and midstream applications.
Our equipment sales business includes the fabrication and sale of standard compressor
packages, custom-designed compressor packages, and oilfield fluid pump systems
designed and fabricated primarily at our facility in Midland, Texas. We design
and fabricate natural gas reciprocating and rotary screw compressor packages
up to 8,000 horsepower for sale to our customers. The compressor packages that
we fabricate are sold to customers for their use in various applications including
gas gathering, gas lift, carbon dioxide injection, wellhead compression, gas
storage, refrigeration plant compression, gas processing, pressure maintenance,
pipeline transmission, vapor recovery, gas transmission, fuel gas boosters,
and coal bed methane systems. Our pump systems can be utilized in multiple applications
including oil and liquids production, transfer, and pipeline transmission, as
well as water injection and disposal and other systems.
Our aftermarket business provides a wide range of services to support the needs
of customers who own compression equipment as well as the sale of compressor
package parts and components manufactured by third-party suppliers. These services
include operations, maintenance, overhaul, and reconfiguration services and
may be provided under turnkey engineering, procurement and construction contracts.
Our aftermarket services are provided by our factory- and internally-trained
technicians in most of the major oil and natural gas producing basins in the
United States.
Our long-term growth strategy includes expanding our existing businesses - through
internal growth and acquisitions - both in the U.S. and in select foreign countries.
We are a provider of compression services and equipment for natural gas and
oil production, gathering, transmission, processing, and storage. Natural gas
compression is a mechanical process in which the pressure of a given volume
of natural gas is increased to a higher pressure. It is essential to the production
and movement of natural gas. Compression is typically required numerous times
in the natural gas production and sales cycle, including (i) at the wellhead,
(ii) throughout gathering and distribution systems, (iii) into and out of processing
and storage facilities and (iv) in natural gas pipelines. Compression is also
utilized for gas lift, an artificial lift technique for producing oil that has
insufficient reservoir pressure. We fabricate and sell standard compressor packages,
custom-designed compressor packages, and oilfield fluid pump systems. We also
provide aftermarket compression services and sell compressor package parts and
components manufactured by third-party suppliers.
%
3.15%