Houston, February 23, 2000
Weatherford International, Inc. (NYSE: WFT) announced that its natural gas compression division, Weatherford Global Compression Services, has purchased Alpha Gauge & Instrument, Inc., (AGI) of Bakersfield, CA, a manufacturer and provider of process and instrumentation equipment to the oil, gas and petrochemical industries.
The acquisition expands Weatherford Global’s range of field gas production optimization solutions to include custom PLC driven control panels, automatic custody transfer units, flow meters, gauges and valves used to measure and control gas flow.
“The addition of AGI’s excellent line of metering and flow control equipment builds on Weatherford Global’s commitment to provide customers with a comprehensive service offering focused on optimizing their production of natural gas,” said Bruce F. Longaker, President of Weatherford Global.
AGI has facilities in Bakersfield, CA, Taft, CA., and Long Beach, CA. Weatherford Global will retain the OEM distributorships held by AGI for a number of manufacturers. In addition to sales, Weatherford Global will also install and service the equipment.
Weatherford Global Compression Services is a single-source provider of natural gas compression solutions to a variety of customers worldwide. Its solutions comprise the widest choice of compression services in the business, including full service turnkey compression project management, a large fleet of rental compression units, maintenance and reconditioning services for customer-owned equipment, custom engineered compression systems, innovative financing programs and used equipment.
Houston-based Weatherford International, Inc. (http://www.weatherford.com) is one of the largest global providers of innovative mechanical solutions, technology and services for the drilling, completion and production sectors of the oil and gas industry. Weatherford operates in over 50 countries and employs approximately 10,000 people worldwide.
Contacts:
Don Galletly (713) 693-4148
Michael Honea (972) 751-8520
Weatherford International, Inc.
515 Post Oak Blvd, Suite 600
Houston, Texas 77027
713-693-4000