J-W Power Company Announces Acquisition of Enerven Compression LLC
DALLAS, Jan. 2, 2013 /PRNewswire/ — J-W Power Company is pleased to announce the acquisition of substantially all of the assets of Enerven Compression LLC and Worldwide Energy Solutions Co. LLC (WESCO).
The Seller has over 400 natural gas compression packages (175,000 total horsepower) located primarily in the mid-continent and Barnett Shale regions. The company has five (5) field offices and a very successful third party maintenance, repair and refurbishment business.
“Enerven has historically been very strong in the third party service work so combined with J-W Power Company’s success in leasing compression it’s a tremendous opportunity for all of us,” stated Don Bizzell, President of J-W Power Company.
Substantially all of the company’s personnel will be retained so the same quality service that customers have come to know will continue.
“Making an acquisition in this commodity price environment demands that it adds value to your core business. Enerven’s assets and personnel will do just that. The Enerven business will increase the already strong presence of J-W Power Company in the mid-continent. It will add value through the synergy of our existing compression leasing operations with Enerven, and bring substantial expertise in third party aftermarket maintenance and refurbishment services. The combination of J-W Power Company, Enerven, and WESCO will provide sustainable growth and profitability while benefiting our customers, vendors and employees,” stated John Dutton, Operations Manager of J-W Power Company.
J-W Power Company is a wholly-owned subsidiary of J-W Energy Company that specializes in leasing, sales and service of natural gas compression packages. J-W Power Company leases and operates the largest privately-owned compression fleet in the United States with compressor packages ranging from 18 to 1,775 horsepower.
J-W Energy Company is an Energy Services and Energy Development Company comprised of five (5) distinct business units that specializes in natural gas compression, gas measurement, gas gathering and processing, cased-hole wireline services, and exploration & production. Services are offered to the oil and gas industry in majority of the major U.S. natural gas basins.
Additional information about the company can be found at www.jwenergy.com.
FOR MORE INFORMATION:
John A. Daniels
J-W Energy Company
Business Development Manager
SOURCE J-W Power Company