Natural Gas Services Group, Inc. Announces Appointment of Brian L. Tucker as President and Chief Operating Officer
10 Octubre 2023 - 3:37PM
Natural Gas Services Group, Inc. (NYSE:NGS) (the “Company” or
“NGS”), a leading provider of gas compression equipment, technology
and services to the energy industry, announced today that it has
appointed industry veteran Brian L. Tucker to the position of
President and Chief Operating Officer of the Company.
Current Interim President and Chief Executive
Officer Stephen C. Taylor resigned as President to allow Mr. Tucker
to assume the position. Mr. Taylor remains Chairman of Board and
Interim Chief Executive Officer.
Mr. Tucker, most recently Senior Vice President,
Operations at Patterson-UTI Energy Inc., brings nearly 20 years of
oil field services experience to NGS. Prior to his position at
Patterson-UTI, he was Executive Vice President and Chief Operating
Officer of Pioneer Energy Services, Inc., which was acquired by
Patterson-UTI in October 2021.
“We are happy to welcome Brian to NGS as an
integral part of the team”, Mr. Taylor said. “His background and
contributions will be valuable as we continue to build on the
momentum of the Company.”
“I am excited to join NGS and anxious to
contribute to the growth of the Company”, noted Mr. Tucker. “We
have a lot of opportunities ahead of us and I look forward to being
a part of that.”
The Company also announced that John Bittner,
Senior Managing Director of Accordion Partners, LLC, will succeed
J.D. Faircloth as Interim Chief Financial Officer. Accordion
is a financial consulting firm that provides “Office of the CFO”
services, as well as other financial analysis and technology
capabilities. Mr. Bittner has over 25 years of experience in
a variety of senior level finance positions in several industries,
including oil field services. He holds a BBA in Finance and
Accounting from Texas A&M University and an MBA from the
University of Michigan.
Mr. Taylor noted, “I want to thank J.D. for his
service to the Company over the past few months and we all wish him
well as he resumes his retirement. We are fortunate to have a man
of John’s caliber available to help support our accounting and
finance team during this period of extremely high activity and
growth. His leadership ability, financial acumen and significant
experience working with financing providers will contribute to the
Company’s success.”
“NGS is growing significantly and has a very
exciting future ahead of it”, Taylor emphasized. “The addition of
Brian and John to the team will enhance our ability to continue our
present growth and strengthen our position in the market. We are
glad to have them with us.”
About Natural Gas Services Group, Inc.
(NGS)
NGS is a leading provider of gas compression
equipment, technology and services to the energy industry. The
Company manufactures, fabricates, rents, sells and maintains
natural gas compressors for oil and natural gas production and
plant facilities. NGS is headquartered in Midland, Texas, with
fabrication facilities located in Tulsa, Oklahoma and Midland,
Texas, and service facilities located in major oil and natural gas
producing basins in the U.S. Additional information can be found at
www.ngsgi.com.
Cautionary Statements
This news release contains certain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Statements that do not
relate strictly to historical or current facts, including those
relating to expectations regarding the Company's COO hiring and CFO
transition, are forward-looking and are subject to known and
unknown risks and uncertainties that may cause actual results to
differ materially from those expressed in such forward-looking
statements. Any forward-looking statement speaks only as of the
date on which such statement is made, and the Company does not
intend to correct or update any forward-looking statement, whether
as a result of new information, future events or otherwise, except
as required by law.
For Additional Information
Anna Delgado-Investor Relations
(432) 262-2700
ir@ngsgi.com
www.ngsgi.com
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