Kodiak Gas Services buys 20,000 horsepower compression assets for $24 million
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Kodiak Gas Services Announces Accretive Purchase of Over 20,000 Horsepower in the Permian Basin
March 20, 2026 8:00 AM EDTTHE WOODLANDS, Texas--(BUSINESS WIRE)-- Kodiak Gas Services, Inc. (NYSE: KGS) (Kodiak or the Company) today announced that it recently closed on the purchase of over 20,000 horsepower of large horsepower compression assets from a leading oil and gas producer in the Permian Basin for $24 million.
Kodiak will utilize the acquired compression assets to provide contract compression services to the seller under a sevenyear service agreement, generating more than $7 million in incremental annualized revenues. The acquired compression assets will be integrated into Kodiaks existing operating footprint in Texas and New Mexico, expanding... More
