Lifteck International, Inc.
Fund: BP Natural Gas Opportunity Partners LP, I
Date of Commitment: October 2014
Lifteck designs, manufactures and installs downhole pumps for the oil and gas industry. Lifteck's Gas Drive Pump (GDP) mitigates the problem caused by liquid loading and is a novel advancement in gas production technology. The patented design of the GDP uses the proven design concept known as "mechanical advantage" to magnify downhole pressure creating a natural gas driven pump to lift the produced liquids to the surface thereby controlling liquid loading, arresting the decline in gas flow and maintaining consistent gas production through the well casing.
The GDP operates in both vertical and horizontal wells, reviving or improving oil and gas production. These pumps are a highly effective substitute for plunger lift and pump jacks across a range of applications. Unlike other pumps, no surface equipment is required thus reducing noise, emissions and capital costs. The GDP operates using the well's natural downhole energy resulting in a reduction in operating costs and an increase in ultimate recovery.