Natural Gas Services Group Inc (NGS)

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MIDLAND, Texas, Dec. 10 /PRNewswire-FirstCall/ -- Natural Gas Services Group, Inc. (Amex: NGS), a leading provider of gas compression equipment and services to the natural gas industry, announces that on December 6, 2007 it closed the previously announced acquisition of a fabrication facility located in Midland, TX. The building contains approximately 48,500 square feet of fabrication and warehouse space plus 3,200 square feet of office space and is located on approximately 9.30 acres of land. The total purchase price of the property was $1.875 million, which was financed with available cash.

Stephen Taylor, Chairman, President and CEO of Natural Gas Services Group, Inc. said, "This facility will more than double our fabrication space for rental compression equipment and enables us to take advantage of further opportunities to grow our rental fleet at a faster rate. We will maintain our present build schedule while transitioning to the new facility and plan to be fully functional there by the end of January 2008."