Axip Energy Services Selected as New Name for Former Valerus Contract Services and Aftermarket Services Organization

Jan 28, 2014, 08:25 ET from Axip Energy Services LP

HOUSTON, Jan. 28, 2014 /PRNewswire/ -- Valerus Compression Services LP announced today the selection of Axip Energy Services LP ("Axip", www.axip.com) as the new name for its Contract Services and Aftermarket Services business, which began operating as a stand-alone company on January 3, 2014, following the sale of Valerus Field Solutions LP ("Valerus," www.valerus.com).  

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Axip is focused on delivering service-based solutions for customers, including contract compression, contract production and processing solutions, fee-based gathering, processing and pipeline solutions, and after-market field services globally. Axip also retains the COMMAND™ performance optimization offering, which was released to the market in late 2013.

"The separation of Axip into a stand-alone company allows us to meet the expanding needs of our global customers with more focus and alignment than ever before," said Pete Lane, CEO of Axip. "With our comprehensive field and engineering expertise, our 800,000 horsepower compression fleet, our ability to build, own and operate full facilities, and the COMMAND offering, we will build on our track record of delivering services in every major US shale play and throughout the world."

"Axip employees are our most important asset. We will continue to focus on safety, training and career opportunities for our employees as part of our mission to deliver the best service to our customers," said Lane. 

Axip's 700 employees include Valerus contract services and aftermarket services personnel plus relevant support services personnel. The current Valerus Compression Services management team will continue with Axip and oversee the transition and growth of the company. More information can be found at www.axip.com/leadership.

For information on the sale of Valerus Field Solutions LP to Kentz, please visit www.valerus.com or www.kentz.com

About Axip Energy Services
Axip provides contract compression and production equipment, pre-engineered wellpad solutions, pipelines, and full gathering, processing and treating facilities on a fee basis for upstream and midstream oil and gas operators. Axip's service offering ranges from single compressors and small refrigerated JT units to 200 MMSCFD gas gathering stations and comprehensive treating facilities worldwide. Axip provides field equipment installation, maintenance and repair, and also designs, engineers, owns and operates complete facilities. Axip is committed to delivering the highest standards in safety, service and reliability to its customers. More information is available at www.axip.com.

For More Information:
Chris Wailes
Pierpont Communications
713.627.2223
cwailes@piercom.com

SOURCE Axip Energy Services LP