Current portfolio

Kodiak Gas Services, LLC

The largest privately owned contract compression company in the US.

Kodiak currently operates in the Permian, Eagle Ford and Scoop/Stack basins with over 2.8 million in revenue generating horsepower.

  • Sector
    Energy & Environmental
  • Country
    United States
  • Responsible Advisor
    Alex Darden
  • Fund
    EQT Infrastructure III
  • Entry
    2019
  • Web
3

Real Assets

Kodiak Gas Services, LLC

  • Societal Contribution

  • 3Good health and well-being
  • 8Decent work and economic growth
  • 10Reduced inequalities
  • 13Climate action
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About Kodiak Gas Services
Kodiak’s business model is built on compression and service contracts with fixed monthly fees and no volume-dependent components, bringing predictable and recurring revenues.

Kodiak’s mission is to provide best in class contract compression services to the upstream and midstream segments of the oil and gas market. Backed by an industry leading 98% mechanical availability guarantee, Kodiak’s 24/7 access to technical and mechanical support has helped the company create a unique and unparalleled offering, leading to strong, long-term relationships.

Kodiak was founded in Houston in 2011 with multi-decade operational experience in gas compression and has grown rapidly to ~2,800,000 horsepower today. Leveraging its scale, experience and leading data analytics, Kodiak has become the preferred partner for the industry’s top operators.

Market trends and drivers
US crude oil production has doubled since 2008 and continues to rapidly increase, driven by advances in unconventional drilling and extraction methods. Compression, serving as critical infrastructure at every juncture in the oil and gas value chain, is poised to directly benefit from continued technological innovation and demand and supply expansion.

Specifically, the market trend is moving towards the centralization of compression providing for increased duration of use and stickiness for large compressors as more wells can be tied back to a centralized site. Nearly 80% of Kodiak’s fleet is comprised of high margin, large compression.

Investment Potential
Kodiak’s differentiated service offering and strong commitment to customers has helped the company build a proven model for growth and profitability. The goal of this partnership is to continue to help the company expand with existing and new customers, further strengthen its technology platform and enhance Kodiak’s service offering. Value creation levers include investment in operational digitization and scalability, sale leaseback acquisition opportunities and further improvement in operational efficiencies and unit densification.

Board of directors

  • Chairperson
    Randall Hogan
  • Board member
    Peggy Montana
  • Board member
    Terry Bonno
  • Board member
    David Marrs
  • Board member
    Nirav Shah
  • Board member
    Alex Darden

Management

  • CEO
    Mickey McKee
  • CFO
    Ewan Hamilton

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