Nova Compression Acquires Energy Gas Compression Inc.
Nova Compression LLC (Nova), a provider of natural gas compression services, has acquired the operating assets of Energy Gas Compression Inc. (EGC), a Corpus Christi, Texas, based compression company serving customers across South Texas.
The acquisition includes EGC’s compression fleet, customer contracts, employees, trucks, service equipment, and other operating assets and expands Nova’s presence across the Eagle Ford Basin and broader South Texas market. The deal adds about 52,000 active horsepower (38,792 kW) and 6500 idle horsepower (4849 kW) to Nova’s fleet, increasing its total fleet to approximately 400,000 hp (298,400 kW).
“We are extremely excited to welcome EGC to Nova,” said Jonathan Mitchell, chief executive officer of Nova. “This acquisition expands our footprint in the Eagle Ford Basin while adding meaningful density to our South Texas operations.”
Headquartered in Oklahoma City with regional offices throughout Oklahoma and Texas, Nova provides natural gas compression services to exploration and production companies across Texas, Oklahoma, New Mexico, Arkansas, Kansas, and Louisiana. Formerly Mustang Gas Compression, Nova’s business model centers on its mixed fleet strategy, providing natural gas and electric compression solutions ranging from 100 to 3000 hp. The company utilizes Caterpillar, Waukesha, and Cummins engines with Gemini and Ariel frames.