Effective August 1, 2019, Archrock closed the previously announced acquisition of the assets of Elite Compression Services, LLC (“Elite”). We welcome Elite’s former employees and customers into the Archrock family of companies.

Archrock History

The Archrock family of companies has been serving the natural gas industry since 1954, beginning as South Coast Gas Company, and later operating as Hanover Compressor Company and Universal Compression Holdings, Inc. The two companies merged in 2007 to form Exterran Holdings, Inc. In 2015, we spun-off our global product line and non-U.S. compression businesses into a publicly traded company, which retained the “Exterran” name. As a result of the spin-off, Exterran Holdings, Inc. became a pure play U.S. contract compression services business and changed its name to Archrock, Inc.

Maintaining our focus on U.S.-based contract compression operations, including compression services and aftermarket services, Archrock has continued his 65 year legacy of excellence and industry-leading performance to deliver uptime for its customers. Headquartered in Houston, Texas, Archrock has approximately 1,700 employees and operates in every major oil and gas producing region in the United States. Having a broad U.S. footprint and extensive experience allows us to serve clients in a way no other company can. We are proud of a history that is rich with accomplishments. We are excited about our role in the future of the natural gas industry and the integral part we play in delivering cleaner burning energy to help power America.

Timeline

1950
South Coast Gas Company established
1954
1960
Tidewater, Inc. acquires South Coast Gas Company (later becoming Tidewater Compression Services)
1968
1990
Hanover is formed
1990
Hanover begins trading on the NYSE
1997
Through an acquisition of Tidewater Compression Services, Universal is formed
1998
2000
Universal begins trading on the NYSE
2000
Universal acquires Weatherford Global Compression Services, L.P., doubling their compression fleet
2001
Hanover acquires Production Operators Inc. from Schlumberger, significantly expanding its global footprint
2001
Universal forms a publicly traded master limited partnership, Universal Compression Partners, L.P. (Archrock Partners, L.P.)
2006
Hanover and Universal merge to form Exterran Holdings, Inc.
2007
Exterran enters produced water treatment business with acquisition of GLR Solutions
2008
2010
Exterran reaches an agreement related to Venezuela’s 2009 nationalization of assets
2012
Exterran initiates a quarterly dividend
2014
Exterran acquires compression assets from MidCon Compression, reducing the average age of its compression fleet
2014
Exterran separates its international contract operations business into a new publically traded company, Exterran Corporation (NYSE: EXTN)
2015
Exterran Holdings, Inc. renames its U.S. contract compression and aftermarket services business Archrock, Inc. (NYSE: AROC)
2015
Archrock acquires all of the publicly held common units of Archrock Partners, L.P., simplifying its capital structure
2018
Archrock acquires over 430,000 horsepower of natural gas compression assets from Elite Compression.
2019
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