Lufkin Buys Schlumberger Rod Lift Unit

摘要

Lufkin Industries said on Monday it had acquired oil-field services giant Schlumberger’s North American unit that helps boost production from wells using so-called rod lift gear. The company did not provide a deal value. Schlumberger had put the rod lift business on sale, even before the industry was hit by an unprecedented decline in demand and prices due to the Covid-19 pandemic.