Founded in 1998, USA Compression has grown to serve a diverse customer base in many key producing oil & gas regions.
USA Compression was co-founded by current CEO Eric D. Long in 1998 as a “start-up” compression services provider, with a strategic vision to operate with a differentiated business model – one focused on deploying standardized, new-build, large horsepower compressor packages for utilization in infrastructure applications. With private financial backing, USAC grew from a business plan to over 600,000 horsepower by the end of 2010, primarily focused on large horsepower units.
In December 2010, a private equity firm purchased a controlling stake in the company and in January 2013, USAC completed its initial public offering on the New York Stock Exchange and began trading as a publicly-listed master limited partnership (NYSE: USAC). In August 2013, USAC completed the $182 million acquisition of certain assets of Tulsa, OK-based S&R Compression, adding the capability to provide gas lift compression services for crude oil production.
In April 2018, USAC completed the $1.7 billion transformative transaction with the Energy Transfer family that resulted in USA Compression acquiring CDM Resource Management, Energy Transfer’s compression business. With this transaction, USAC expanded into regions in which it was historically underrepresented. As a result of the transaction, Energy Transfer acquired USAC’s general partner and a controlling interest in USAC.
USAC’s geographic footprint, initially focused in the Fayetteville shale, has grown to encompass a number of shale plays throughout the U.S., including the Utica, Marcellus, Permian Basin, Delaware Basin, Eagle Ford, Mississippi Lime, Granite Wash, Woodford, Barnett, Haynesville, Niobrara and Fayetteville shales. USAC has 3.7 million of compression fleet horsepower, making it one of the nation’s largest independent providers of natural gas compression services.
USAC continues to execute its organic growth plan and remains committed to its original business model – providing large horsepower compression services serving infrastructure applications.