Natural Gas Services Group, Inc., incorporated on December 17, 1998, is a provider of small to medium horsepower compression equipment to the natural gas industry. The Company focuses primarily on the non-conventional natural gas and oil production business in the United States, such as coal bed methane, gas shale, tight gas and oil shales. The Company manufactures, fabricates and rents natural gases compressors that enhance the production of natural gas wells and provides maintenance services for its natural gas compressors. In addition, it sells custom fabricated natural gas compressors to meet customer specifications dictated by well pressures, production characteristics and particular applications. It also manufactures and sells flare systems for oil and gas plant and production facilities. The Company's operating units include Gas Compressor Rental, Engineered Equipment Sales, Service and Maintenance, and Corporate.
Gas Compressor Rental
The Company's rental business is primarily focused on non-conventional gas and oil production. The Company provides rental of small to medium horsepower compression equipment to customers under contracts typically having minimum initial terms of 6 to 24 months. As of December 31, 2016, the Company had 2,530 natural gas compressors in its rental fleet totaling 362,408 horsepower. As of December 31, 2016, the Company had 1,298 natural gas compressors totaling 186,328 horsepower rented to 79 customers.
Engineered Equipment Sales
The Company's engineered equipment sales unit includes components, such as compressor fabrication, compressor manufacturing, flare fabrication and parts sales and compressor rebuilds. Its compressor fabrication involves the assembly of compressor components manufactured by the Company or other vendors into compressor units that are ready for rental or sale. In addition to fabricating compressors for its rental fleet, it engineers and fabricates natural gas compressors for sale to customers to meet their specifications based on well pressure, production characteristics and the particular applications for which compression is sought. The Company designs and manufactures its own line of reciprocating compressor frames, cylinders and parts known as its Cylinder-in-Plane (CiP) product line. It uses the finished components to fabricate compressor units for its rental fleet or for sale to customers. It also sells finished components to other fabricators.
The Company designs, fabricates, sells, installs and services flare stacks and related ignition and control devices for the onshore and offshore incineration of gas compounds, such as hydrogen sulfide, carbon dioxide, natural gas and liquefied petroleum gases. It provides customer support for its compressor and flare sales businesses by stocking varying levels of replacement parts at its Midland, Texas facility and at field service locations. The Company also provides an exchange and rebuild program for screw compressors and maintains an inventory of new and used compressors.
Service and Maintenance
The Company services and maintains compressors owned by its customers on an as needed basis. Natural gas compressors require routine maintenance and periodic refurbishing to prolong their useful life. Routine maintenance includes physical and visual inspections and other parametric checks that indicate a change in the condition of the compressors. It performs wear-particle analysis on all packages and performs overhauls on a condition-based interval or time-based schedules.
508 W Wall St Ste 550
The company trades on NYSE exchange. The company headquarter is located in Texas, TX. The company was established in the 1998.| Ticker | NGS |
| Long Name | Natural Gas Services Group, Inc. |
| Short Name | Natural Gas |