Midland, Texas- At a regular meeting of the Midland Development Corporation (MDC) on March 28, 2008, MDC approved a financial incentive package of $275,000 for Natural Gas Services Group, Inc.. Midland City Council ratified MDC’s recommendation and also approved the incentive package at their meeting on April 8, 2008.
In consideration of the award, Natural Gas Services Group, Inc. is relocating and expanding their existing manufacturing activities into a new, larger location in Midland and is also relocating their Corporate Offices into Midland’s Central Business District. The company expects to make capital investments of approximately $4,500,000.00 and add at least 49 new jobs with an increase in annual payroll of $1,880,000.00 by December 31, 2010.
Natural Gas Services Group, Inc. is headquartered in Midland, Texas and is a leading provider of small to medium horsepower, wellhead compression equipment to the natural gas industry with a primary focus on the non-conventional gas industry, i.e., coalbed methane, gas shales and tight gas. The Company manufactures, fabricates, rents and maintains natural gas compressors that enhance the production of natural gas wells and also designs and sells custom fabricated natural gas compressors and flare systems for gas processing and production facilities.
For more information, please contact Mike Hatley, 686.3564.
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