Item 8.01. Other Events. On September 30, 2021, the Board of Directors (the "Board") of Natural Gas Services Group, Inc. (the "Company") authorized the Company to enter into a share repurchase program for the purchase of up to an aggregate amount of $10 million of the Company's common stock in accordance with the guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). This authorization replaces the authorization provided on October 23, 2020 which expired as of September 30, 2021.

Under the repurchase authorization of October 23, 2020, the Company repurchased 478,769 shares of its common stock at an average price of $10.45 for a total of $5.0 million including fees and expenses.

Repurchases may be made in open market purchases, block trades or in privately negotiated transactions. Repurchases, if any, under the program will be made at the discretion of management, and will depend upon market pricing and conditions, business, legal, accounting and other considerations. Open market purchases will be conducted in accordance with the limitation of Rule 10b-18 of the Securities and Exchange Commission (the "SEC"). Repurchases may be made pursuant to any trading plan that may be adopted in accordance with SEC Rule 10b5-1, which would permit common stock to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws.

The repurchase program may be modified, suspended or terminated at any time without notice, in the Company's discretion, based upon a number of factors, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, the need for capital in the Company's operations and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate the Company to repurchase any shares. The Company intends to finance the repurchases with existing liquidity and free cash flow.

The plan will expire on September 30, 2022. The Company had 13,183,262 shares of common stock outstanding as of September 30, 2021.

Item 9.01. Financial Statements and Exhibits.



The Exhibit listed below is furnished as an Exhibit to this Current Report on
Form 8-K.
                Exhibit No.    Description
                  99.1         Press release issued October 4, 2021

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