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NATURAL GAS SERVICES GROUP,
INC.
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For More
Information, Contact:
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Jim Drewitz,
Investor Relations
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972-355-6070
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NATURAL GAS SERVICES GROUP, INC.
ANNOUNCES FAVORABLE
NEW TERMS OF LOAN FACILITIES
Company Will Benefit From Interest Savings and a Larger
Revolving Line-of-Credit Under the
New Terms of the Company’s Loan Facilities
MIDLAND,
Texas, November 3, 2006 — Natural Gas Services Group, Inc.
(AMEX:NGS), a leading provider of gas compression equipment and
services to the natural gas industry, announces that on October 26,
2006 it entered into a Seventh Amended and Restated Loan Agreement
with Western National Bank, Midland, Texas to amend and restate its
existing term loan and line-of-credit facilities. As reported in a
Current Report on Form 8-K filed on September 8, 2006 with the
Securities and Exchange Commission, the Company previously entered
into modification agreements with Western National Bank to reduce
the interest rates under the Company’s existing loan
facilities from a variable prime rate to a fixed rate of 7.5%,
effective August 28, 2006. Under the Seventh Amended and
Restated Loan Agreement, the Company further modified its loan
facilities by consolidating its two term loan facilities and its
advancing line of credit facility into a single term loan facility
bearing interest at a fixed rate of 7.5% over a sixty month period.
The Company will save approximately $300,000 in
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