GE is already active in artificial lift with electric submersible pumps (ESP). The acquisition of Lufkin Industries adds rod lift, gas lift, plunger lift, hydraulic lift, progressive cavity pumps and well controls and software.
 
“Artificial lift technologies are essential in increasing well output, whether it’s maximizing the potential of a new well or breathing fresh life into a mature one,” said Daniel Heintzelman, president and CEO, GE Oil & Gas.
“With Lufkin’s technologies, highly skilled employees and automation and optimization solutions, GE can now offer a more complete portfolio that address a wider variety of well types at all stages of the production life cycle.”