Current AROC Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

Archrock to purchase ~430,000 horsepower of compression from Elite Compression Services
Houston-based Archrock, Inc. (stock ticker: AROC) has entered into a definitive agreement with Elite Compression Services, a JDH Capital-backed company, to purchase substantially all of Elite's assets for $410 million, including approximately 430,000 horsepower of compression.

Archrock will pay Elite through a combination of $205 million in cash, coupled with about 21.7 million shares of newly issued Archrock stock.

In conjunction with the transaction, Archrock will also sell approximately 80,000 horsepower of active and idle compression to Harvest Midstream Company for $30 million cash.

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