Kodiak Gas Services Announces Accretive Purchase of Over 20,000 Horsepower in the Permian Basin

THE WOODLANDS, Texas--(BUSINESS WIRE)--Kodiak Gas Services, Inc. (NYSE: KGS) (“Kodiak” or the “Company”) today announced that it recently closed on the purchase of over 20,000 horsepower of large horsepower compression assets from a leading oil and gas producer in the Permian Basin for $24 million. Kodiak will utilize the acquired compression assets to provide contract compression services to the seller under a seven‑year service agreement, generating more than $7 million in incremental annuali.