Permian Basin

Aerial view of reddish-brown West Texas land criss-crossed by pale gravel roads linking dozens of small square well pads, with cloud shadows scattered across the ground and a highway running diagonally at right.

Archrock Will Pay Up to $450 Million for HiVolt, a West Texas Oilfield Power Supplier Whose Price Rests on Earnings Due in 2028

Archrock, a Houston contract compression company, agreed on 10 November 2026 to buy HiVolt Energy Holdings, which runs gas-fired microgrids for oil and gas producers, for $415 million in cash at closing and up to $35 million more in earnouts. Archrock puts the price at about 6.1 times HiVolt's expected 2028 adjusted EBITDA. The deal needs regulatory approval and is expected to close in early 2027.

By Alison Acosta 3 hours ago

A black pumpjack on a concrete pad in flat, dry scrubland under a clear blue sky, with more pumpjacks and power lines on the horizon.

The Numbers

Oil Averaged $102 a Barrel in October. U.S. Oil and Gas Producers Employed 2,300 Fewer People Than in February, the Fewest Since 2022.

West Texas crude averaged $102.07 a barrel in October 2026, up from $64.51 in February, but employment at U.S. oil and gas extraction companies fell to 113,900 from 116,200, according to Bureau of Labor Statistics data. Oilfield support jobs rose by about 1,400. The October job figures are preliminary.

By Thomas Gutierrez 3 hours ago

Tagged stories

Archrock Will Pay Up to $450 Million for HiVolt, a West Texas Oilfield Power Supplier Whose Price Rests on Earnings Due in 2028

Oil Averaged $102 a Barrel in October. U.S. Oil and Gas Producers Employed 2,300 Fewer People Than in February, the Fewest Since 2022.