Natural Gas Services Group, Inc. Moves Into Larger Fabrication Facility to Support Company Growth
Company Begins Operations in 51,700 Sq. Ft. Fabrication, Warehousing & Offices
MIDLAND, Texas, Feb. 20 /PRNewswire-FirstCall/ -- Natural Gas Services Group, Inc. (AMEX: NGS), a leading provider of gas compression equipment and services to the natural gas industry, announces that it has completed the move into its new fabrication, warehouse and office facility located in Midland, TX. The building contains approximately 48,500 square feet of fabrication and warehouse space plus 3,200 square feet of office space and is located on approximately 9.30 acres of land. The company is in the process of selling its present facility.
Stephen Taylor, Chairman, President and CEO of Natural Gas Services Group, Inc. said, "This facility will more than double our fabrication space for rental compression equipment and enables us to take advantage of further opportunities to grow our rental fleet. We employed a phased approach while transitioning into the new space and have been able to maintain our previously planned build schedule without missing a beat. With that, we anticipate being able to add a record 300-350 rental units to our fleet in 2008."
About Natural Gas Services Group, Inc.
NGS is a leading provider of small to medium horsepower, wellhead compression equipment to the natural gas industry with a primary focus on the non-conventional gas industry, i.e., coalbed methane, gas shales and tight gas. The Company manufactures, fabricates, rents and maintains natural gas compressors that enhance the production of natural gas wells. The Company also designs and sells custom fabricated natural gas compressors to particular customer specifications and sells flare systems for gas plant and production facilities. NGS is headquartered in Midland, Texas with manufacturing facilities located in Tulsa, Oklahoma, Lewiston, Michigan and Midland, Texas and service facilities located in major gas producing basins in the U.S.
For More Information, Contact: Jim Drewitz, Investor Relations
830-669-2466 jim@jdcreativeoptions.com
Or visit the Company's website at www.ngsgi.com
Certain statements contained herein are "forward looking" statements as such term is defined in the Private Securities Litigation Reform Act of 1995. Because statements include risks and uncertainties, actual results may differ materially from those expressed or implied and include, but are not limited to, those discussed in filings by the Company with the Securities and Exchange Commission.
SOURCE Natural Gas Services Group, Inc.
-0- 02/20/2008
/CONTACT: Investor Relations, Jim Drewitz for Natural Gas Services Group,
Inc., +1-830-669-2466, jim@jdcreativeoptions.com/
/Web site: http://www.ngsgi.com /
(NGS)
CO: Natural Gas Services Group, Inc.
ST: Texas, Oklahoma, Michigan
IN: OIL MAC
SU:
EG-AC
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8109 02/20/2008 09:25 EST http://www.prnewswire.com