LUFKIN Introduces SROD™ V9.5.0Technology Enables Engineers to Seamlessly Import Well Design Files from Various Platforms to Optimize Design, Further Advancing the Leading Rod Design Platform
Petroleum Development Oman Awards Lufkin Industries Multi-Year Contract for Rod Driven Progressive Cavity Pump Systems (RDPCP) for South OmanBuilding on Nearly a Decade of Proven Performance in Oman Since the early 2000’s, the New Contract Reinforces Lufkin’s Track Record of Success and Partnership with Petroleum Development Oman
LUFKIN Introduces Well Manager™ 2.0 with NOVAWAVE™Advanced Automation Offers Only Validated Solution for Deviated Wells to Decrease Well Failure Rates for Enhanced Profitability
Lufkin Industries Announces Sale of North America Downhole business to Q2 Artificial Lift ServicesHOUSTON, March 19, 2025 (GLOBE NEWSWIRE) -- Lufkin Industries (“Lufkin”), a global leader in surface production equipment and automation solutions, has announced the sale of its North America Downhole (“NAM Downhole”) business to Q2 Artificial Lift Services (“Q2”), a leading provider of downhole reciprocating pumps. This transaction aligns with Lufkin’s strategic focus on its core surface business and Q2’s focus on subsurface business, positioning both companies for long-term growth and profitability. Terms of the transaction were not disclosed.
