VCA Stocks

DynaPump Inc., a Northridge, Calif.-based manufacturer of surface mounted artificial lift systems for the oil and gas industry, has secured $6 million of an $8 million Series C extension.  “lowering operating expenses while increasing the customer’s oil production.  The use of solid-state electronics and computerization lowers energy costs while giving new flexibility to the artificial lift process. The pumping cycle is optimized through consistent feedback of surface and down hole conditions. The DynaPump’s ultra-long stroke, variable speed and consistent feedback of operating conditions result in well optimization while reducing surface and down hole maintenance. The result of the DynaPump design and pumping concept results in an overall reduction in artificial lift costs.”