Lufkin Industries (“Lufkin”), a global leader in artificial lift solutions, has been awarded by Petroleum Development Oman’s (“PDO”), a multi-year performance contract to deliver Rod Driven ...

A timer or pump-off controller (POC) can improve overall beam-pump efficiency for a well with a pump capacity greater than its production capacity. More than 400,000 wells in the U.S. operate with ...

Sucker rod pumping systems are a well‐established artificial lift method in oil extraction, valued for their mechanical simplicity and reliability. However, these systems operate under complex ...

Linear-motor driven plunger pumps are most efficient at transforming mechanical energy to hydraulic work in low-producing and highly deviated wells. Linear-motor driven plunger pumps (LMDPP) are most ...

Artificial lift is a process used on oil wells to increase pressure within the reservoir and encourage oil to the surface. When the natural drive energy of the reservoir is not strong enough to push ...

ProPetro Holding Corp. PUMP recently announced a $74-million contract for 50 Tier IV Dynamic Gas Blending (DGB) pumping unit conversions. The 50 pumping units will be utilized in transforming the ...

Lufkin Industries Inc. has agreed to buy substantially all of Quinn's Oilfield Supply Ltd. for $303 million in cash. Quinn’s, of Red Deer, Alb., manufacturers specialty oilfield pumps, and is among ...

Lufkin Industries, which is backed by KPS Capital Partners, has acquired Schlumberger’s Rod Lift Business, a provider of rod lift products and services in North America. No financial terms were ...

Lufkin Industries has acquired the Schlumberger N.V. unit North American Land Rod Lift Business. Lufkin Industries reported Monday that it has completed its acquisition of Schlumberger N.V. (NYSE: SLB ...