Lufkin Industries will focus on software and surface equipment while Q2 Artificial Lift Services will expand its downhole ...

Pipetech, a flow remediation solution specialist, has introduced a groundbreaking downhole scale remediation (DSR) technology to transform wellbore cleaning solutions in the oil and gas sector.

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 ...

Downhole Technology Segment Revenue: $27 million, with break-even adjusted segment EBITDA. Cash Flow from Operations: $18 million for the quarter. Capital Expenditures (CapEx): $14 million ...