NEWS

Nova Compression Continues Industry Leading Growth

December 2nd, 2021

OKLAHOMA CITY – Nova Compression, LLC, (Nova) a full-service gas compression company with operations in Oklahoma, Texas and Louisiana, today announced a large purchase of compression packages, adding over 170,000 horsepower to its total fleet. The acquisition from Heartland Compression, a subsidiary of Reserve, LA-based Louisiana Machinery (LMC) solidifies Nova’s status as one of the fastest growing energy service companies in the nation.business partner.

Growth with New Acquisition

Nova began 2021 with 40,000 horsepower in total fleet before making large acquisitions in February and again in October. The addition of 170,000 horsepower this month brings Nova’s total fleet to approximately 300,000 horsepower, a 750% increase in total capacity this year. Nova’s staff has also increased from 30 employees in January to over 120. The growth has equated to returns for shareholders, with Nova reporting a 1,900% increase in earnings. “Nova is growing at an astronomical rate, and it’s exciting to be part of that growth and success,” said Chief Executive Officer Jonathan Mitchell. “At the same time, our identity has not changed. We are a service-oriented business and our focus – regardless of our size – is on providing our customers with the best, most reliable and most cost-effective services on the market.”

Louisiana Machinery Chief Financial Officer Jason Maurin said Nova’s values made it an ideal business partner.

“Louisiana Machinery is pleased to be part of Nova’s extraordinary growth,” said Maurin. “Our compression business was built on customer relationships that were fostered through our premium equipment and service. It was important that the buyers of our business shared these values, and it is clear that the leadership and shareholders of Nova Compression are aligned in their customer centric focus. We look forward to a continued relationship with Nova and wish them well in their future business endeavors.”

Nova was founded in 2007 and has served the Texas and Midcontinent regions since that time. Subsequent to closing the acquisition from LMC, Nova now has approximately 300,000 horsepower deployed in Oklahoma, South Texas, West Texas and Ark-La-Tex. Oklahoma-based law firm Hall Estill served as counsel for Nova.

Nova Compression to Triple Capacity in Less Than One Year

OCTOBER 1, 2021

OKLAHOMA CITY – Nova Compression, LLC, (Nova) a full-service gas compression company with operations in Oklahoma, Texas and Louisiana,  is once-again growing under the leadership of Chief Executive Officer Jonathan Mitchell and is now poised to triple its service capacity in under a year. In February 2021, the company announced the purchase of a large number of compression packages from Houston-based Archrock, bringing its total compression from 40,000 horsepower to 80,000 horsepower. This week, Nova announced its total horsepower will increase to 120,000 with the purchase of the Oklahoma Rental fleet of compression packages from Heartland Compression, a subsidiary of Reserve, LA-based Louisiana Machinery (LMC).

“The new employees and assets further cement Nova’s status as the market’s leading provider of production-based compression,” said 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 that time. Subsequent to closing the acquisition from LMC, Nova now has 120,000 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 Starts New Chapter with Major Acquisition and Rebranding Effort

FEBRUARY 10, 2021

Mustang Gas Compression, a full-service gas compression company with operations in Oklahoma, Texas and Louisiana, is rebranding and expanding under the leadership of Chief Executive Officer Jonathan Mitchell, an Oklahoma City native who joined the company in January of 2020. Beginning on February 10, 2021, Mustang will be rebranded as Nova Compression. In addition to a new look and feel, the company is also growing dramatically after purchasing a large number of compression packages from Houston-based Archrock.

Nova’s predecessor was founded in 2007 and has served the Texas and Midcontinent regions since that time. Subsequent to closing the acquisition from Archrock, Nova now has over 80,000 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.

“The new assets will dramatically expand Nova’s ability to provide services in multiple states,” said Mitchell.

“Nova means ‘new,’ and the name underscores our commitment to launching a new and exciting chapter in our company’s history. We have added a large amount of high-quality equipment, which means we’ll be able to greatly ramp up services in multiple states. Of course, Nova is scaling up while maintaining the commitment to service and our customers’ production, both of which have always been our hallmarks,” concluded Mitchell.