Edit ModuleShow Tags

USA Compression Orders More Horsepower

Fleet is 39% larger than a year ago


Published:

USA Compression Partners LP, Austin, said its fleet horsepower has increased 38.9% to 1.3 million hp (1000 MW) in the past year, aided in part by its acquisition of 138,000 hp (103 MW) from S&R Compression in August 2013.

Revenues in the second quarter rose 59.9% to US$53.3 million, compared to US$33.3 million for the same period in 2013, largely due to a 58.9% increase in contract operations revenues to US$52.7 million. Adjusted EBITDA rose 48.3% to US$26.9 million, compared to US$18.1 million for the second quarter a year ago.

Eric Long, President and CEO, said, “We have ordered approximately 352,000 hp (262 MW) of new compression units for delivery in 2014, as compared to our initial expectations of 220,000 hp (164 MW).

“For the 180,000 hp that we initially ordered for 2014, we have customer contracts for 83% and strong customer indications for another 8% of those orders. For the remaining 172,000 (128 MW) horsepower on order for 2014, and expected to be delivered in the last half of 2014, we have customer contracts for 38% of the new horsepower and strong customer indications for another 24% of those deliveries.

“We have received, during the first half of 2014, 150,000 hp (112 MW) of the 352,000 horsepower of new compression units ordered for delivery in 2014. Additionally, we have ordered, so far, over 200,000 hp (149 MW) for delivery in 2015, which will be delivered over the first three quarters of 2015.”

Edit ModuleShow Tags

Archive »Recent Articles

GE Completes Subsea Compression System Testing

GE has successfully tested the world's first subsea compression system with a full subsea power supply, transmission and distribution system.

NEA To Supply Recips To PDO Projects

Neuman & Esser (NEA) and Petroleum Development Oman (PDO) have signed a reciprocating compressor supply contract, according to the Times of Oman, a English newspaper in Oman.

Zahroof, Drivetrain Partner To Expand Oceania Reach

Zahroof Valves Inc. (ZVI) and Drivetrain Power and Propulsion have formed a partnership, a move designed to expand Drivetrain into the gas compression market and improve Zahroof’s reach in the Oceania region.

GE Breaks Ground On Welland Facility

GE has started constructing its multimodal facility in Welland, Ontario, Canada.

Roberto Chellini

It is with great sadness that we report the passing of Roberto Chellini recently in Florence, Italy. He was 82 years old.