Midstream Equipment Corporation

Name

Midstream Equipment Corporation

Legal name

Midstream Equipment Corporation

Website

https://midstreamequipment.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Oil and Gas Production Equipment Services

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132)

SIC

Oil & Gas Field Machinery & Equipment (3533), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Natural Gas Compression Services (EUALACAG)

akta.pro secondary industries

Oil & Gas Midstream & Pipeline O&M (Pipelines, Compressor Stations) (EUAEAGAF), Gas Pipeline & Midstream Asset Management (EUAEAMAF)

Keywords

• Oil and gas equipment
• Gas compression equipment
• Production facility solutions
• Equipment leasing services
• Field optimization services

Headquarters

HQ city

High River

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Equipment Procurement: Procurement of new and surplus production equipment including gas compression, separation, and power generation equipment. Revenue generated from equipment sales and modification services.
2. Equipment Leasing: Lease-to-own program providing flexible equipment rental options for oil and gas production operations.
3. Asset Recovery: Assisting with liquidity evaluations, data collection, marketing and sales transactions of idle equipment.
4. Technical Support Services: Field optimization, technical analysis, ongoing troubleshooting and commissioning support.
5. Joint Venture Partnerships: Complete production facility solutions on long-term contracts, primarily surface equipment packages with ongoing technical support during operations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Midstream Equipment Corporation is a Calgary-based oil and gas service company that procures new and surplus production equipment (gas compression, gas and liquid separation, power generation, and complete facility solutions) and delivers technical services spanning equipment sizing, modification management, installation, commissioning, field optimization, asset recovery, lease-to-own financing, recapitalization, and joint venture partnerships for long-term production facility operations. The company helps oil and gas producers reduce and recover capital costs and lower operating expenses across Western Canada and Northern USA.

Product overview

Midstream Equipment Corporation is an oil and gas service company that provides a comprehensive portfolio of production equipment and technical services. The company offers three main product categories: Gas & Liquids Facilities, Oil Production Facilities, and Power Generation systems, complemented by specialized applications including Utility Power Applications (peak shaving, utility backup, renewable power, off-grid), Greenhouse Gas Mitigation solutions (instrument air conversion, facility gas vapor recovery, equipment electrification), and Long-Term Oil & Gas Production capabilities (gas compression, gas and liquid separation, complete facility solutions). Beyond equipment provision, Midstream delivers technical services including procurement of new and surplus equipment, field optimization, asset recovery, equipment leasing, recapitalization options, and joint venture partnerships for complete production facilities on long-term contracts. The company operates from Calgary, Alberta serving Western Canada and Northern USA.

Differentiator

Problem solved

Functional benefit

Products and services

• Gas & Liquids Facilities Production facilities designed for processing and handling natural gas and liquid hydrocarbons in upstream and midstream oil and gas operations.
• Oil Production Facilities Complete oil production facility solutions for extraction and processing operations in oil and gas fields.
• Power Generation Power generation systems for oil and gas operations, including utility backup and renewable power integration.
• Gas Compression Equipment Gas compression equipment and services for maintaining pressure in natural gas transmission and processing for oil and gas producers.
• Gas and Liquid Separation Equipment Separation systems for dividing gas and liquid phases in production streams in oil and gas operations.
• Technical Support Services Technical support beginning with project scope and budgeting advice, including equipment location and selection, technical sizing for applications, management of equipment modifications, installation and commissioning support, and ongoing technical support and troubleshooting for oil and gas producers.
• Equipment Procurement (New and Surplus) Procurement of new and surplus oil and gas production equipment, including technical sizing for applications and management of modifications to ensure problem-free operation.
• Field Optimization Technical analysis of equipment at a single site or across many interconnecting locations to mitigate ongoing technical problems and reduce operating costs, potentially resulting in equipment redeployment or recapitalization.
• Asset Recovery Assisting oil and gas producers with liquidity evaluations, data collection, marketing, and sales transactions of idle production equipment.
• Equipment Leasing (Lease-to-Own) Flexible lease-to-own program providing flexible rental options for oil and gas production equipment, positioned as offering some of the most flexibility in the industry.
• Recapitalization Options to convert running and surplus oil and gas production equipment into capital for operations.
• Joint Venture Partnerships Complete oil and gas production facilities delivered on long-term contracts, primarily consisting of surface equipment packages with ongoing technical support during operations.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Direct peers

• Enerflex Ltd. Calgary-headquartered provider of natural gas compression, processing, and production equipment with services spanning design, fabrication, installation, and after-market support across Western Canada and global markets. Enerflex is the most direct publicly traded comparable for Midstream Equipment's gas compression and facility solutions business in the WCSB.
• Spartan Controls: Calgary-based provider of industrial automation, measurement, and control products and services to Western Canadian oil and gas, pipeline, and power customers. Spartan's regional field optimization and technical support model is closely aligned with Midstream Equipment's Western Canadian service approach.
• Exterran Corporation: Global provider of natural gas compression, oil and gas production equipment, and related services with strong North American midstream operations. Jay Formenti previously helped transition Exterran's Canadian asset to a US-based PE firm, and the company directly overlaps with Midstream Equipment's compression and asset recovery offerings.
• DistributionNOW (NOW Inc.): Houston-based distributor of energy and industrial products, including oil and gas production equipment, with significant Canadian operations serving WCSB producers. DistributionNOW's procurement and supply chain model is highly comparable to Midstream Equipment's equipment procurement and surplus equipment services.
• Forum Energy Technologies: Global manufacturer and provider of oil and gas equipment, including production equipment, compression, and subsea products. Forum overlaps with Midstream Equipment's equipment procurement and field optimization offerings across upstream and midstream customers.
• Ironline Compression: Compression services and equipment provider that acquired Exterran's Canadian operations with backing from a US private equity firm. Led by Jay Formenti prior to his joining Midstream Equipment, Ironline directly competes for the same gas compression customers in Western Canada.

Broad incumbents

• Caterpillar Inc. Global manufacturer of engines, power generation systems, and heavy equipment widely used in oil and gas operations. Caterpillar's power generation offerings directly overlap with Midstream Equipment's power generation products for upstream and midstream customers.
• Atlas Copco: Global industrial compressor and power solutions manufacturer with broad applications across oil and gas, manufacturing, and construction. Atlas Copco's oil and gas-focused compressors compete with Midstream Equipment's gas compression offering while serving a much wider industrial base.
• Cummins Inc. Global manufacturer of engines, power generation systems, and related equipment serving oil and gas, data center, and industrial markets. Cummins' power generation offerings compete directly with Midstream Equipment's power generation product line for utility backup and off-grid applications.

Others

• Gasfield Energy Services: Alberta-based compression packager previously founded by Kyle Twa in 2002 and sold in 2009. Gasfield is a historical predecessor rather than a current competitor, but its business model in WCSB compression packaging mirrors Midstream Equipment's core offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Midstream Equipment Corporation