The startup provides technology-driven oilfield services that enhance the efficiency of artificial lift systems through integrated solutions and high-specification field equipment. This approach enables clients to lower well maintenance costs while meeting the operational demands of modern oil and gas production.
Funding
$7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Artificial lift systems in oil and gas wells often suffer from inefficiencies, high maintenance costs, and limitations in harsh well conditions, leading to reduced production and increased operational expenses. Existing solutions may not adequately address challenges such as high gas content, solids production, extreme temperatures, and deviated wellbores.
Solution
Lex provides integrated artificial lift solutions and high-specification equipment designed to enhance well productivity and reduce the total cost of ownership. Their product portfolio includes Ultra-High-Speed ESPs (UHS ESPs), universal ESPs, gas lift pumps, permanent magnet motors, and drives for sucker rod pumps, each engineered to optimize performance in specific well conditions. By leveraging advanced materials, innovative designs, and smart control systems, Lex enables operators to improve energy efficiency, extend equipment run life, and maximize production rates. Their solutions are applicable for a wide range of well types, including those with high gas-to-oil ratios, high solids content, geothermal gradients, and significant deviations.
Target Audience
The primary target audience includes oil and gas operators seeking to improve the efficiency and reliability of their artificial lift systems, particularly in challenging well conditions, as well as those involved in geothermal energy production.
Features
- Ultra-High-Speed ESPs (UHS ESPs) with operating speeds up to 12,000 rpm for enhanced efficiency and compact design
- Universal ESPs suitable for geothermal wells with temperatures up to 392°F (200°C) and flow rates up to 140,000 bblpd
- Turbox Gaslift Pumps System, a gas turbine-driven centrifugal submersible pump for remote and power-constrained environments
- SynchroGear™ drive for sucker rod pumps with up to 98% efficiency, eliminating the need for V-belts
- Jet ESP for improved production in gassy wells
- Thru-Tubing ESP (TT ESP™) for rigless deployment and quick production resumption
- Universal Permanent Magnet Motors (UPMM) with operating speeds from 85 to 12,000 rpm and efficiencies up to 95%
- Smart control systems with auto-adaptation algorithms for real-time optimization of pumping speed and downstroke/upstroke rates
- Compliance with API, ISO, and CE industry standards