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 (“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 ...

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 ...

Resizing pumps, installing rod-pump controllers (RPCs), and monitoring and analyzing wells remotely with software specific for that purpose increased operational efficiency in Balam South field on ...

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 ...

Industry-Leading Brand in Global Rod Lift Solutions to Become Independent Company NEW YORK, May 1, 2020 /PRNewswire/ -- KPS Capital Partners, LP ("KPS") announced today that it has signed a definitive ...

LONDON--(BUSINESS WIRE)--Technavio has announced the top nine leading vendors in their recent global artificial lift pumps market report until 2020. The vendors are identified based on their revenue ...

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 ...

Pneumatic Oil Pump Replaces Pump Jacks in Shallow Oil Fields Gary Sommese: … He’s got holes in his casing so he can’t produce them so… I told him let’s give it a shot. Our system will work. We don’t ...

NEW YORK, May 1, 2020 /PRNewswire/ -- KPS Capital Partners, LP ("KPS") announced today that it has signed a definitive agreement to acquire the Lufkin rod lift solutions business ("Lufkin" or the ...