Nova to triple compression capacity
By Keefe Borden15 October 2021
Nova Compression plans to triple its service capacity after making two key acquisitions in less than a year.
In February, the company announced it purchased a large number of compression packages from Houston-based Archrock, doubling its total compression from 40,000 hp to 80,000 hp. More recently, the company announced it would purchase the Oklahoma rental fleet of compression packages from Heartland Compression, a subsidiary of Reserve, LA-based Louisiana Machinery.
“The new employees and assets further cement Nova’s status as the market’s leading provider of production-based compression,” said NOVA CEO Jonathan Mitchell. “We are proud of the way Nova has grown quickly without sacrificing customer service or efficiency. It is a testament to the hard work, dedication and professionalism of the entire Nova team.”
Nova was founded in 2007 and has served the Texas and Midcontinent regions since then. Subsequent to closing the acquisition from LMC, Nova now has 120000 horsepower deployed in Oklahoma, South Texas, and Ark-La-Tex. CIT Northbridge provided debt financing for the transaction, and Oklahoma-based law firm Hall Estill served as counsel for Nova.
Nova Compression, formerly an affiliate Mustang Gas Compression, is full-service compression company that utilizes Caterpillar, Waukesha, and Cummins engines with Gemini and Ariel frames. Providing customers with all their gas lift, wellhead and general gas compression needs, from contract compression and maintenance as well as service, and repair.