Compressco Partners LP (NASDAQ: GSJK) has acquired compression assets for "gas lift" markets as part of its defined strategic growth objectives.
Ronald J. Foster, president of Compressco Partners, commented, "During the fourth quarter of 2013, we acquired 18 packages that feature natural-gas-driven, three-stage compressors that are available for deployment under service contracts into the gas lift market. Gas lift technology involves the use of compression equipment to inject natural gas downhole in order to increase oil and liquids production primarily in horizontal wells.”
These compressor packages, which Compressco calls the SuperJack, are focused on drilling projects in liquids-rich resource plays such as the Granite Wash, Eagle Ford, and Woodbine regions where Compressco has service coverage already in place.
Compressco Partners provides compression-based production enhancement services, which are used in both conventional wellhead compression applications and unconventional compression applications, and, in certain circumstances, well monitoring and sand separation services.