Reynolds Lift Technologies Revenue and Competitors

Reynolds Lift Technologies is an industry leading research & development company with disruptive new Artificial Lift technology purpose built for the US land market. We design, manufacture and qualify equipment at our South Houston facility and offer tools for sale or rent to operators and service companies. Existing Artificial Lift systems (50+ year old technology) have a major problem: gas-locking caused by multiphase (oil/water with dissolved gas) flow. Nearly all horizontal shale wells produce fluid with a large gas volume ratio. In today's available pumps, rotating vanes force lighter gas to separate from heavier fluid until gas buildup eventually blocks any fluid flow. This causes the pump to stall and forces operators to shut down and wait for trapped gas to slowly escape. This gas-locking event places enormous stress on the downhole motor, rapidly accelerating winding failures and eventually resulting in an expensive replacement job for the customer. Reynolds' has developed a patented, field-tested reciprocating piston pump that applies pressure directly to production flow. This system is entirely gas tolerant – we can pump 100% fluid to 100% gas or anything in between. Operators can deploy our technology in any well they like without having to consider current/future gas volumes or deal with ineffective 3rd party gas separation equipment. From talks with Permian operators, Artificial Lift systems in an average unconventional well can suffer 3 to 6 hours down time from gas-lock per day. For a moderate 200 bbl/day well this equates to 750 to 1500 bbl of lost production per month. Deploying Reynolds’ non-locking technology brings this production back online and significantly reduces future service costs for the operator.