Lufkin Acquires Schlumberger's North American Rod Lift Business

Updated 10 months 2 weeks ago

Lufkin Industries has completed the acquisition of the North American land rod lift business of Schlumberger. Schlumberger’s rod lift business is a large provider of rod lift products and services in North America with brands including Don-Nan, Shores Lift Solutions, KBA Engineering, Platinum Pumpjack Services and RLC Rod Lift Consulting. The product offering includes downhole pumps and accessories, beam pumping units, sucker rods, and gas lift products. The rod lift business has manufacturing and distribution capacity as well as the proprietary PumpTrak software. The business has a footprint across all major oil-producing regions in North America, including the Permian Basin where Don-Nan has operated for almost 60 years. Simmons Energy advised Lufkin, and PPHB advised Schlumberger.