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Demand For Unconventionals Boosts Need For Artificial Lift

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By Richard Mason, Hart Energy
May 14, 2014

Sometimes it takes more than bootstraps when it comes to lift, and that’s good news for the onshore artificial lift business. Two thirds of respondents in a mid-April Hart Energy survey cited increasing demand for artificial lift services in a sector that would grow faster were it not for shortages of experienced labor.

The driver in artificial lift is the same driver for everything in oil and natural gas: rising demand in tight formation development, particularly in the Permian Basin, the Midcontinent, and the Niobrara, Bakken and Eagle Ford Shales. ...

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