The reservoir production group offers well services, completions and artificial lift technologies, subsea, water and carbon services activities.
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Heintzelman said 94 percent of wells will require some form of pumping, known in the industry as artificial lift.
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Lufkin has nine production facilities for artificial lift equipment and services its products through a global network of 110 service centers.
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Overall, the expanded artificial lift product portfolio will allow GE to continue to grow in the current changing oil and gas production market.
Lufkin also provides a wide array of automation systems for oil and gas wells to optimize their artificial lift technologies with an ultimate objective to reduce production costs.
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