Valerus Awarded Compression Contract for Marcellus Shale Facilities

HOUSTON, Nov. 14, 2013 /PRNewswire/ -- Valerus (www.valerus.com), one of the world's leading providers of integrated oil and gas handling and processing solutions, announced that they have been awarded a contract from Pittsburgh-based EQT Corporation to provide 15,000 HP of compression for two compression stations in southwest Pennsylvania.

(Photo:  http://photos.prnewswire.com/prnh/20131114/DA16833)  

Valerus will assemble the large horsepower components in their Smithfield, Pennsylvania facility beginning in November. Compression and other mission-critical equipment will be deployed in the Marcellus and Utica shale fields leveraging Valerus and other local companies. Local hiring in the Valerus facility is expected to increase.   

The agreement will create a local manufacturing presence and reduce delivery time and transportation costs. This will also be an economic benefit for Pennsylvania through the creation of new jobs to support the region's unconventional gas market, which is expected to grow for decades. 

Valerus has served the Northeast U.S. since 2009 and opened the Smithfield location in 2010. "This project will create more jobs at our Smithfield facility and at the local companies that will work with us to manufacture components," said Chris Scheve, VP of Northeast operations for Valerus. "The sum total of this effort will be an increased ability to provide Valerus customers in the Marcellus and Utica shale plays with access to compression more quickly and at reduced transportation costs than if it was manufactured elsewhere."

About Valerus
Valerus is a worldwide leader in integrated oil and gas handling and processing. Products and services include reciprocating compressor packages, production equipment, gas processing solutions, liquid separation systems and a variety of professional field services. Its mission is to develop tailored solutions for its customers by combining the most experienced people with innovation and quality equipment. Valerus is committed to achieving the highest standards in health, safety and environmental responsibility.

CONTACT:
Chris Wailes or Victoria Turek
[email protected] 
[email protected] 
Pierpont Communications
Houston, Texas
713.627.2223

SOURCE Valerus