J-W Power Company Announces Acquisition of Enerven Compression LLC
DALLAS, Jan. 2, 2013
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
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
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
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
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