Valerus Compression Services Renamed ‘Axip’
Rebranding required by earlier sale of Valerus Field Solutions
Axip Energy Services is the new name for Valerus Compression Services, which began operating as a stand-alone company on Jan. 3 when Valerus Field Solutions was sold to Kentz Corp. for US$435 million.
Axip will provide contract compression, contract production and processing solutions, fee-based gathering, processing and pipeline solutions, and after-market field services globally. Axip also retains the Command equipment monitoring/control system that was introduced in late 2013.
Axip’s 700 employees include Valerus contract services and aftermarket services personnel plus support services personnel. The current Valerus Compression Services management team will continue with Axip and oversee the transition and growth of the company.