Lufkin will add a variety of other technologies including rod lift, gas lift, plunger lift, hydraulic lift and progressive cavity pumps, to this.
FORBES: GE's Bet On Lufkin Bolsters Its Growing Energy Business
The company is focusing on increasing oil and natural gas production significantly by 2015 and also spent huge sums of money to lift natural-gas accessibility in comparison with diesel and gasoline in the U.S. transportation sector.
Economists would say the rising prices are like the check engine light coming on on the dashboard, and to lift the gas tax would just put a piece of black tape over the warning light.
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.
FORBES: GE's Bet On Lufkin Bolsters Its Growing Energy Business
After years of political upheaval and violence, Algeria's economy has been given a lift by frequent oil and gas finds.
Though an Obama administration won't try to lift the ban on drilling for oil and gas in the Arctic National Wildlife Refuge, the next president will allow the removal of more and more barriers to offshore drilling.
The majority of bans are outside the counties along the Pennsylvania border where drilling is most likely to be focused in the gas-rich Marcellus Shale if Gov. Andrew Cuomo decides to lift the state moratorium a decision he has repeatedly postponed.
Some of these product technologies like rod lift are seeing increasing demand due to the changing dynamics of the oil and gas production market.
FORBES: GE's Bet On Lufkin Bolsters Its Growing Energy Business
This week, Ecology and Environment was listed as a member of the Independent Oil and Gas Association of New York in a letter sent to Gov. Andrew Cuomo urging him to lift the ban.
Overall, the expanded artificial lift product portfolio will allow GE to continue to grow in the current changing oil and gas production market.
FORBES: GE's Bet On Lufkin Bolsters Its Growing Energy Business
And the Bush administration's decision on January 9th to lift a moratorium on oil drilling in nearby Bristol Bay, where Shell hopes to develop natural gas resources, could further increase Aleutian traffic.
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