DynaPump

About DynaPump

DynaPump Inc., established in 1992, operates as a manufacturer of surface-mounted artificial lift systems tailored for the oil and gas industry. The company is headquartered in Spring, TX, and directs its solutions toward optimizing production in oil and gas wells. Its business model revolves around providing specialized equipment to clients in the energy sector, focusing on enhancing efficiency and managing operational costs associated with well production.

The company's core product is a hydraulic pumping system designed as an alternative to traditional beam pumping units. This system comprises a pumping unit, which includes a hydraulic cylinder and pulley system, and a power unit that houses the hydraulic pump and a computerized control and communication center. A key feature is its computer-controlled, solid-state system that allows for the adjustment of stroke rate, length, and position, offering greater operational flexibility compared to conventional systems. The technology is designed to be energy-efficient and suitable for various well conditions, including deep or deviated wells and coal bed methane extraction. The system's design aims to provide a long stroke and high flow at low power, continually monitoring and reacting to changing well loads and flow rates.

Historically, DynaPump Inc. has been a private entity that successfully attracted venture capital. It raised $28.8 million in funding from investors including Chevron Technology Ventures, Draper Associates, Element Partners, and NGP Energy Technology Partners. A significant milestone in the company's trajectory was its acquisition by Tundra Semiconductor on October 3, 2012.