Calgary artificial lift firm to expand into Bakken, Permian

By Raise Production Inc. | October 09, 2017

Raise Production Inc. has announced the expansion of its product line sales into the U.S.

Raise has entered into a distribution agreement with a major USA service provider. The distribution agreement is based on the success of Raise’s High Angle Lift Solution, and its cutting-edge artificial lift equipment in the lateral section of horizontal wellbores, the Horizontal Artificial Recovery Technology. The distributor has agreed to pre-purchase inventory for the initial customer trials in various Permian locations.

The HALS and HART systems, when installed separately and together, can significantly impact higher productivity basins leading to increased recoverable reserves for clients. Raise has referred to the HART system in previous press releases as the Horizontal Wellbore Production System or System.

Endurance Lift Solutions LLC will distribute and service Raise’s products exclusively in the Permian and Bakken basins. Endurance currently has over 140 master service agreements with exploration and production companies supported and serviced by 23 locations throughout the continental U.S. Endurance provides a complete line of high quality steel sucker rods and downhole pumps, as well as the market’s most advanced fiberglass sucker rod, and a full line of plunger lift equipment and services.

Endurance, a privately held company, was created to pursue growth opportunities in the artificial lift space, and is complemented by other artificial lift-related businesses including Catalyst Artificial Lift, Multi Products Company and CDI Oilfield Services. Endurance is owned by funds managed by private equity firms Crestview Partners and B29 Investments.

The distribution agreement is effective immediately and Raise will be conducting open houses in conjunction with Endurance in the Permian basin in October 2017.