Raise Production
Raise Production Inc. develops and sells patented artificial lift equipment (HARP, REAL, HART) for highly deviated and horizontal oil and gas wells, serving E&P operators across North America and select international markets through direct sales and channel partners.
- Company typePublic
- Founded2011
- HeadquartersCalgary, Canada
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Raise Production does
Raise Production Inc. is a Calgary-based, publicly traded (TSXV: RPC) oilfield equipment company formed in late 2011 (formerly Stellarton) that develops artificial lift technologies specifically engineered for highly deviated and horizontal wellbores. The company's product thesis is that conventional rod pumping equipment — designed for vertical wells — performs poorly at angles above 45 degrees, leaving substantial recoverable reserves on the table in modern horizontal oil and gas wells. Its portfolio comprises three core systems: the High Angle Reciprocating Pump (HARP), a patented reciprocating rod pump rated for inclinations up to 90 degrees using an articulated plunger and a guided spring-loaded valve assembly; the Raise Efficient Artificial Lift (REAL) downhole separator that performs gas-liquid phase separation at high angles to mitigate gas locking; and the Horizontal Artificial Recovery Technology (HART) multi-pump system that equalizes drawdown across 4.5-inch and 5.5-inch cased hole laterals. HARP is protected by granted patents in the United States, China, Russia, Australia, and Mexico.
Raise generates revenue through two streams: sale of proprietary artificial lift hardware (HARP and complementary systems) and technical services including well candidate evaluation, pump design and landing depth optimization, rod string design, field installation, and training. The go-to-market model is enterprise field sales: a direct sales team engages E&P operators with horizontal wellbore inventories, supplemented by industry events, open houses, investor relations presentations, and a U.S. channel partnership with Endurance Lift Solutions (whose Romanian subsidiary CDI supplies OMV Petrom). The company reports 120 cumulative installations (106 Canada, 14 USA) as of October 2019. Headcount sits in the 11-50 range, revenue is not publicly disclosed, and the company has sustained operations through a series of small private placements between 2012 and 2019. In January 2020 the board announced the initiation of a strategic process, and in September 2019 the company acquired a consulting business alongside a private placement.
Raise Production firmographics
Firmographics- Name
- Raise Production
- Legal name
- Raise Production Inc.
- Website
- https://raiseproduction.com
- Company type
- Public
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Raise Production Inc. develops and sells patented artificial lift equipment (HARP, REAL, HART) for highly deviated and horizontal oil and gas wells, serving E&P operators across North America and select international markets through direct sales and channel partners.
- Ownership category
- akta.pro rank
Raise Production industry classification
Industry- Product category
- Artificial Lift Equipment
- NAICS
- Oil and Gas Field Machinery and Equipment Manufacturing (333132), Pump and Compressor Manufacturing (33391), Mining and Oil and Gas Field Machinery Manufacturing (33313)
- SIC
- Oil & Gas Field Machinery & Equipment (3533), Pumps & Pumping Equipment (3561), Oil & Gas Field Services, Nec (1389)
- akta.pro primary industry
- Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH)
Keywords
Where Raise Production is headquartered
LocationHeadquarters
- HQ city
- Calgary
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Raise Production business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Artificial Lift Equipment Sales: Sale of proprietary artificial lift equipment including the HARP pump system, designed specifically for highly deviated and horizontal wellbores in the oil and gas industry.
- Technical Services: Engineering and technical support services including technical evaluation on well candidate suitability and optimization of pump design and landing depth, rod string design recommendations, field installation and training.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Raise Production product offering
Product offeringCore offering
Raise Production Inc. designs, manufactures, and sells proprietary artificial lift equipment—including the HARP reciprocating rod pump, REAL downhole separator, and HART multi-pump lateral system—for oil and gas operators producing from highly deviated and horizontal wellbores. The company supplements equipment sales with engineering and technical services covering well candidate suitability, pump design and landing depth optimization, rod string design, field installation, and training. Together these offerings target flow regimes spanning frac flow back, initial production, declining frac pressure, and normal declining reservoir pressure across the life of a horizontal well.
Product overview
Raise Production Inc. offers a portfolio of artificial lift technologies specifically designed for highly deviated and horizontal wellbores in the oil and gas industry. The core product line consists of three distinct systems: the High Angle Reciprocating Pump (HARP) for reciprocating rod pump operations at inclinations up to 90 degrees, the Raise Efficient Artificial Lift (REAL) downhole separator for gas-liquid phase separation at high angles, and the Horizontal Artificial Recovery Technology (HART) multi-pump system for equalized drawdown throughout lateral sections. Together, these products provide 'Life of the Well' artificial lift solutions addressing the unique flow regimes in vertical, build/curve, and horizontal well sections. All three products (HARP, REAL, HART) are available in Canada and the USA, with the HART system being the latest in late-stage commercialization.
Differentiator
Problem solved
Functional benefit
Brands
- HARP (High Angle Reciprocating Pump): Innovative reciprocating rod pump designed for landing artificial lift pumps at high inclination (up to 90 degrees) in deviated and horizontal well bores.
- REAL (Raise Efficient Artificial Lift)
- HART (Horizontal Artificial Recovery Technology)
Products and services
- High Angle Reciprocating Pump (HARP) Patented reciprocating rod pump designed to land artificial lift pumps at inclinations up to 90 degrees in deviated and horizontal wellbores for oil and gas E&P operators. Features a unique guided spring-loaded valve assembly that re-seats on the central pump line independent of well inclination and a patented articulated plunger that bends to function in high doglegs.
- Raise Efficient Artificial Lift (REAL) Downhole gas-liquid separator designed to operate at inclinations up to 90 degrees, maximizing the separation of gas and liquid phases at high angles to increase pump efficiency and eliminate gas-locking in the HARP system.
- Horizontal Artificial Recovery Technology (HART) Multiple pump system designed to be run inside 4.5" and 5.5" cased hole laterals to guarantee equal and maximized drawdown from the heel to the toe of the horizontal lateral.
- Engineering and Technical Services for Artificial Lift Engineering and field support services bundled with equipment sales, including technical evaluation of well candidate suitability, optimization of pump design and landing depth, rod string design recommendations, field installation, and operator training for oil and gas E&P customers.
Quantifiable outcome
- 120 total installations across Canada and USA from inception to October 2019
Companies that use Raise Production
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Raise Production technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Raise Production partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and unclear.
- OMV PetromcoreMajor Romanian oil and gas company. Raise Production was invited to present their technology at the OMV Petrom 'New Technology Days' at Petrom City, Bucharest, Romania on March 21, 2018. Through Endurance Lift Solutions' Romanian subsidiary CDI, they have exclusive contract to supply rod pumps to OMV Petrom along with other technologies for surface and downhole enhanced production.
- Endurance Lift SolutionscoreU.S. Partner of Raise Production. Endurance Lift Solutions hosted first U.S. Open House in Midland, Texas with Raise in October 2017, with approximately 70 oil & gas professionals attending representing a dozen E&P companies. Their Romanian subsidiary (CDI) has the exclusive contract to supply rod pumps to OMV Petrom along with other technologies for surface and downhole enhanced production.
- Strategic Distribution PartnersunclearMarch 15, 2012 press release announced 'Strategic Partnerships for World-Wide Distribution' but specific partner names were not disclosed in the source material.
Scale indicators3 records
Recent moves7 records
Expansion highlights5 records
Raise Production competitors and assessment
Company assessmentDirect peers
- Borets International: Global leader in artificial lift systems including ESPs and progressive cavity pumps, majority-owned by Schlumberger. Directly comparable to Raise as a specialist artificial lift provider targeting upstream oil and gas operators, though with a different product mix centered on ESPs rather than high-angle rod pumps.
- ChampionX (formerly Dover Artificial Lift): Artificial lift and production chemistry provider serving upstream operators with rod pumps, gas lift, and chemical programs. Directly comparable to Raise as a focused artificial lift supplier, though ChampionX serves a broader geography and product mix including chemistry and digital optimization.
- Lufkin Industries (now part of Baker Hughes): Long-standing artificial lift manufacturer specializing in rod pumps, beam pumps, and gas lift systems for upstream oil and gas. Most directly comparable to Raise Production given its focus on reciprocating rod pumps, though Lufkin serves predominantly vertical wells and offers a much broader portfolio.
- Endurance Lift Solutions: US artificial lift company that is also Raise Production's exclusive US distribution partner and hosts HARP open houses in Midland, TX. Directly comparable as a competitor/distributor in artificial lift equipment, with particular overlap in rod pump systems targeting the Permian and other US unconventional basins.
Broad incumbents
- Halliburton: Major oilfield services incumbent providing artificial lift, completions, and production solutions globally. Comparable to Raise as a competing supplier of artificial lift equipment; CEO Eric Laing also previously worked at Otis Engineering (Halliburton subsidiary), signaling strong industry overlap.
- Weatherford International (artificial lift business): Major oilfield services company offering a comprehensive artificial lift portfolio including rod pumps, gas lift, ESPs, and plunger lift. Comparable to Raise as an oilfield equipment supplier targeting horizontal and deviated wells, but operating at vastly larger scale with a full wellsite service offering.
- Schlumberger (SLB): World's largest oilfield services company offering artificial lift, completions, drilling, and production technologies globally. Comparable to Raise as an artificial lift supplier with deep R&D resources; Eric Laing, Raise's CEO, was previously at Schlumberger, underscoring direct talent and technology overlap.
- Tenaris: Global manufacturer of seamless steel pipes and oilfield services including sucker rods (Tenaris Sucker Rods / Hydril). Comparable to Raise as a supplier of artificial lift consumables (sucker rods, tubing) that complement rod pump operations, though Tenaris operates at vastly greater scale across the OCTG value chain.
Emerging players
- NCS Multistage Holdings: Specialty oilfield services company focused on horizontal well completions and frac isolation tools. Comparable to Raise as a North American small-cap serving the horizontal well market, though NCS targets the completion phase while Raise targets the production/lift phase.
- KLX Energy Services: Oilfield services provider offering completion, production, and intervention services to unconventional operators. Comparable to Raise in terms of small-cap North American focus on horizontal well production, though operating at a much broader scale with a services-led rather than equipment-led model.
Market position
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Raise Production financial estimates
Financial estimateRevenue estimate
Valuation estimate
Raise Production leadership team
Management profileNumber of profiles
Profiles3 records
Raise Production funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Raise Production M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Raise Production
What does Raise Production do?
Raise Production Inc. designs, manufactures, and sells proprietary artificial lift equipment—including the HARP reciprocating rod pump, REAL downhole separator, and HART multi-pump lateral system—for oil and gas operators producing from highly deviated and horizontal wellbores. The company supplements equipment sales with engineering and technical services covering well candidate suitability, pump design and landing depth optimization, rod string design, field installation, and training. Together these offerings target flow regimes spanning frac flow back, initial production, declining frac pressure, and normal declining reservoir pressure across the life of a horizontal well.
Is Raise Production a public or private company?
Raise Production is a public company. It is classified as public and is currently operating.
When was Raise Production founded?
Raise Production was founded in 2011. It employs 11 to 50 people.
Where is Raise Production based?
Raise Production is headquartered in Calgary, Canada, in the North America region.
How does Raise Production make money?
Two revenue lines are on record. Artificial Lift Equipment Sales are the primary driver. The others are technical Services.
Who are Raise Production's main competitors?
Direct peers on record are Borets International, ChampionX (formerly Dover Artificial Lift), Lufkin Industries (now part of Baker Hughes) and Endurance Lift Solutions. Broad incumbents are Halliburton, Weatherford International (artificial lift business), Schlumberger (SLB) and Tenaris. Emerging players are NCS Multistage Holdings and KLX Energy Services.
Does Raise Production have an API?
No public API is recorded for Raise Production.
What industry is Raise Production in?
Raise Production's product category is Artificial Lift Equipment. Its primary akta.pro industry code is EUALABAH, Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals). Its NAICS code is 333132 and its SIC code is 3533.