July 2014

 

Compressco Partners Improves Utilization Rate

Compressco Partners of Oklahoma City reported that its average compressor fleet utilization rate was 85.3% during the second quarter, compared to 82.6% in the same period of 2013.

NGSG’s Rental Revenues Climb 16%

Natural Gas Services Group of Midland, Texas, said its second quarter revenues rose to US$22 million, up from US$20.3 million in the corresponding period of 2013, due to a 16% gain in rental revenue.

Marcellus Gas Output Skyrockets

Natural gas production from the Marcellus Shale in in West Virginia and Pennsylvania has soared to 15 Bcfd (425 x 106 m3/d) from 2 Bfcd (56 x 106 m3/d) only 4 years ago, according to the U.S. Energy Information Administration (EIA).

Exterran Reports Solid Second Quarter Earnings

Exterran Holdings Inc. said its earnings before interest, taxes, depreciation and amortization were US$161.1 million for the second quarter 2014, compared to US$144.8 million for the first quarter and US$176.1 million for the second quarter 2013.
Sulzer Completes Acquisition Of Grayson Armature

Sulzer Completes Acquisition Of Grayson Armature

Sulzer has completed an agreement to acquire both Grayson Armature businesses, Grayson Armature Large Motor Division Inc. and Grayson Armature Orange Texas Inc.