Dynapump: Products: Pumping Unit



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	02.05.08	DynaPump Fills Top Positions for Future Growth The Woodlands Based Company Names Six Key Executives The Woodlands, TX — Don Kyle, Chief Executive Officer of DynaPump, Inc., today publicly announced the addition of six key executives to The Woodlands-based energy company. DynaPump is a leading manufacturer of surface- mounted artificial lift systems for the oil and gas industry. The Company’s customer base includes large independent oil and gas producers and a number of the integrated majors. DynaPump provides maintenance and repair services to support its units in the field. The executives named to the top positions were Jeff Martini, Chief Financial Officer; Jim Pfeil, Vice President of Sales; Jim Lindsey, Vice President of Service; Jacob Mail, Vice President of Manufacturing and Engineering, and Scott Kite, Director of Quality. Kyle also announced that 15-year DynaPump veteran, Michael Nofal, will assume the title and responsibilities of Senior Vice President of Operations Kyle said he is honored to have this caliber of team to help guide the growth of the company. “We are fortunate to have recruited top performers with proven track records in each of their respective disciplines,” stated Kyle. “Our customers and future customers will significantly benefit from the addition of these key players in our organization.” Martini, Chief Financial Officer, recently served as Vice President, Finance at Stewart & Stevenson LLC, a billion-dollar oilfield equipment manufacturer based in Houston, TX. During his term at Stewart & Stevenson, Mr. Martini was an integral member of a small team that completed a $60 million turnaround on $500 million in sales in its largest operating segment. Pfeil, Vice President of Sales, boasts sales management experience with several industry leading corporations, specifically Donaldson Company, Inc. and Stewart & Stevenson. His sales leadership teams have consistently transformed companies to dominant market leaders in North America. Lindsey, Vice President of Service, joins the organization with substantial experience in highgrowth environments. Most recently, Lindsey was part of a team that grew the Commercial Vehicle Group’s revenues from $100M to $900M. Mail, Vice President of Manufacturing and Engineering, most recently served as Chief Operating Officer of Aura Systems, Inc., where he turned a startup manufacturing environment into an ISO 9001 certified operation. Mr. Mail also has extensive experience working with blue chip industry leaders such as Boeing, McDonnell Douglas, and Smiths Aerospace in the application of hydraulic and other technology to the aerospace industry. Kite, Director of Quality, served in the same capacity with Aura Systems, Inc. and Rohr, Inc., with responsibilities for all aspects of Quality including creation and implementation of the Total Quality Management System. Mr, Kite brings 27 years of industry direct experience to his role with DynaPump. Nofal, Senior Vice President of Operations, had served as CFO and member of the board of directors of DynaPump for the past 15 years which provides the new additions to the DynaPump management team a unique perspective and a valuable source of knowledge. Mr. Nofal’s new role includes responsibilities for general operations, as well as international sales and marketing. Nofal is also actively developing DynaPump’s international distributor network. About DynaPump, Inc.: Originally founded in 1992, the Company has developed a new, innovative technology for enhancing oil and natural gas well production. DynaPump manufactures, sells and services surface mounted artificial lift systems for the oil and gas industry that are lighter in weight, lower in cost, more energy efficient and have a greater lifting capacity when compared to conventional rod lift systems. Headquartered in The Woodlands, TX, the Company is privately held and backed by major private equity investors who are focused on the energy and cleantech sector.

	01.29.08	DynaPump Taps Industry Leaders to Run Organization Newly Acquired Company moves Headquarters from California to Texas The Woodlands, TX - DynaPump, Inc. has named veteran industry executives Rod Pittman and Don Kyle to take the helm of the Company. DynaPump is a leading manufacturer of surface-mounted artificial lift systems for the oil and gas industry. The Company's customer base includes large independent oil and gas producers and a number of the integrated majors. DynaPump provides maintenance and repair services to support its units in the field. DynaPump announced that Rod Pittman has joined the Company as the Chairman of the Board. Having retired as an executive officer from a distinguished 40 year career at Lufkin Industries Inc., Mr. Pittman has an extensive wealth of artificial lift experience and knowledge. A well respected leader within oil and gas and the broader energy sector, Mr. Pittman currently serves as a Director of the Greater Texas Foundation and recently served as Chairman of the Texas Water Development Board, a position to which he was appointed by Texas Governor, Rick Perry. DynaPump also announced that it is pleased to welcome industry veteran Don Kyle as Chief Executive Officer and a member of the Board of Directors. Mr. Kyle has 28 years of industry leadership experience including Senior Vice President of Stewart & Stevenson LLC and President of the Power Products Division of Stewart & Stevenson Services, Inc. DynaPump simultaneously announced the relocation of its headquarters from Northridge, California to The Woodlands, Texas, effective immediately. Mr. Kyle noted that the move is part of an overall strategic plan that will further position DynaPump to become a dominant force in the artificial lift industry. "We believe the move to the Greater Houston area benefits our customers and organization in many different ways as we continue to expand our production and service operations around the world." In July of 2007, DynaPump closed $12 million in Series C Convertible Preferred equity financing from new and existing investors. DFJ Element, L.P. led the investment round and was joined by NGP Energy Technology Partners, L.P. and return investor, CTTV Investments LLC (Chevron Technology Ventures). These investors represent three of the premier energy technology funds in the United States. David Lincoln, Managing Partner of DFJ Element, stated, "Rod and Don represent a new chapter in the Company's development. We are confident that they are the right team to build on DynaPump's accomplishments to take the Company to the next level." Philip Deutch, Managing Partner of NGP Energy Technology Partners, added, "Rod's industry stature and experience combined with Don's leadership and management team form a powerful combination." About DynaPump, Inc.: Originally founded in 1992, the Company has developed a new, innovative technology for enhancing oil and natural gas well production. DynaPump manufactures, sells and services surface mounted artificial lift systems for the oil and gas industry that are lighter in weight, lower in cost, more energy efficient and have a greater lifting capacity when compared to conventional rod lift systems. Headquartered in The Woodlands, TX, the Company is privately held and backed by major private equity investors who are focused on the energy and cleantech sectors.

	07.10.07	DynaPump raises $12 million in growth equity financing DFJ Element, NGP Energy Technology Partners, and Chevron Technology Ventures bring industry knowledge, capital and financial expertise to support DynaPumps continued growth Northridge, CA, July 10, 2007 – DynaPump, Inc., a leading manufacturer of surface mounted artificial lift systems for the oil and gas industry, announced today that it has closed $12 million in Series C Convertible Preferred equity financing from new and existing investors. DFJ Element, L.P. ("Element") led the investment round and was joined by NGP Energy Technology Partners, L.P. ("NGP Energy Technology Partners") and return investor, CTTV Investments LLC ("Chevron Technology Ventures"). Element, NGP Energy Technology Partners and Chevron Technology Ventures are three of the premier energy technology funds in the United States. "Our investors in this round command a depth of industry experience and network of contacts that are virtually unmatched in the energy technology sector. DynaPump will also benefit from the financial strength and business expertise of this group," stated DynaPump founder, Allan Rosman. "With this latest round of investment, we will expand our manufacturing and after-sales service capabilities which will provide our customers with further confidence in our company, our product, and our capabilities in the field." "The DynaPump truly is a superior product compared to conventional rod lift systems." said David Lincoln, Managing Partner of DFJ Element. "Benefits of the DynaPump include its low acquisition cost, light weight and ease of installation, high reliability, low maintenance and a large reduction in energy requirements. Most importantly though, the unit is computer controlled with automated diagnosis of well operations and flow control; and the unique differential speed control dramatically increases production efficiency resulting in improved cash flow for the operator." Communications to remote locations are also included. Philip Deutch, Managing Partner of NGP Energy Technology Partners added, "DynaPump has introduced a more efficient and more cost effective artificial lift innovation for a wide spectrum of pumping applications in oil & gas and coal bed methane production. We continually look for companies with proven and compelling technologies that can reduce operating cost in the oil and gas sectors. We believe DynaPump is one of those companies." As part of the transaction, David Lincoln and Philip Deutch will join DynaPump Board of Directors. About DynaPump, Inc. www.dynapumpinc.com DynaPump, Inc., manufactures surface mounted artificial lift systems for the oil and gas industry. The DynaPump is less expensive; more energy efficient and more reliable compared to conventional rod lift systems. Headquartered in Northridge, California, the company is privately held and backed by major private equity investors. For more information, send queries to info@DynaPumpinc.com About DFJ Element www.dfjelement.com DFJ Element is a leading venture capital fund investing in clean technology. Element invests in emerging companies bringing innovative solutions to environmental and resource constraints in energy, water and other large industrial and commercial markets. Launched in 2005 by Element Venture Partners in partnership with leading global venture capital firm Draper Fisher Jurvetson, DFJ Element is managed by the industry's most experienced group of dedicated clean technology investors. The Element principals have invested more than $300 million in over 45 companies in the clean technology sectors. For more information, send queries to info@dfjelement.com About NGP Energy Technology Partners www.ngpetp.com NGP Energy Technology Partners, L.P. is a Washington, D.C.-based $148 million private equity fund investing growth capital in companies providing technology-related products and services to the oil and gas, power and alternative energy sectors. The fund is managed by investment professionals with extensive experience investing in virtually all types of energy technologies and a strong track record of helping companies grow, create value, and establish strategic partnerships. NGP Energy Technology Partners is an affiliate of NGP Energy Capital Management, a $4.2 billion firm based in Irving, Texas that invests in all sectors of the energy industry. For more information, send queries to inquiries@ngpetp.com About Chevron Technology Ventures www.chevron.com Chevron Technology Ventures (CTV), a division of Chevron, USA, Inc., champions innovation, commercialization and integration of emerging technologies and related new business models within Chevron. CTV is pursuing this goal through business units involving biofuels, hydrogen, emerging energy and venture capital. Chevron Corporation is one of the world's leading energy companies. With approximately 56,000 employees, Chevron subsidiaries conduct business in approximately 180 countries around the world, producing and transporting crude oil and natural gas, and refining, marketing and distributing fuels and other energy products. Chevron is based in San Ramon, Calif. For more information, send queries to pubaffmr@chevron.com

	12.10.06	Allan Rosman CEO of DynaPump is nominated for MIT Lemelson Award Improving Life Through Sustainable Invention Today's world needs inventors focused on sustainable change. The $100,000 Lemelson-MIT Award for Sustainability celebrates individuals whose inventions and innovations enhance economic opportunity and community well-being in developing and/or developed countries, while protecting and restoring the natural environment. The $100,000 Lemelson-MIT Award for Sustainability is bestowed to inventors whose products or processes are viable and sustainable, and have high potential to improve the quality of life for future generations. The award serves to increase awareness of local or global sustainability issues and inventors working in these critical areas, and also supports continued inventive work of these individuals.

	07.31.06	The Durango Herald - Chevron Uses Quieter Pumps Gas companies are slowly phasing out the most visible symbol of their industry - the giant metal teeter-totters that pump natural gas out of the ground. Click on link to read the complete article > Durango Herald Chevron Uses Quieter Pumps (23829 k)

	3.20.06	E & P Magazine March 2006 E & P magazine features an article about DynaPump titled “Efficient long stroke pump cuts costs”. > EP-March 2006 (1576156 k)

	11.10.05	Forbes: NG PressRel 6-15 Innovative, Economical, Environmental Friendly System That Dramatically Increases Cash Flow From Wells by Pumping Oil, Water, and Gas More Efficiently Than Current Systems > Forbes - NG PressRel 6-15 (196629 k)

	11.10.05	DynaSave A new pump developed for low flow wells, The DynaSave, has been installed in Guymon, OK

	08.02.05	DynaPump Announces energy Savings results All companies that produce fluids and gases from the ground can benefit greatly in many areas. > DynaPump Announces Energy Savings Results PR8-2 (36494 k)

	06.15.05	DynaPump Natural Gas Pumping System Press Release DynaPump Natural Gas Pumping System Press Release > DynaPump Natural Gas Pumping System PR 6-15 (38343 k)

	10.26.04	2004 Permian Basin International Oil Show DynaPump attended the 2004 PBIOS this October and would like to thank everyone that stopped to inquire about our product line or just to visit. Our new DynaSave unit was introduced at the show and was well received. The DynaSave unit has a load capacity of 7,000 Lbs. with an adjustable stroke up to 72” at 4 SPM. The low maintenance design also includes a Pump Off Controller. The second unit on display was a Model 5. Painted hunter green to meet environmental standards was sent after the show to a CBM field in the Farmington area to run on a natural gas prime mover. The turn out was great, positive customer interest and weather made for a very fruitful event. Thanks again to all that stopped by.

	08.18.04	2003 Outstanding Oil And Gas Operations Awards Colorado Oil and Gas Conservation Commission (COGCC) Chairman Peter Mueller presented the 2003 Colorado Oil and Gas Conservation Commission Outstanding Operations Awards on August 11, 2004 at the Colorado Oil & Gas Association Rocky Mountain Natural Gas Strategy Conference and Investment Forum. Early each year, the COGCC places a call for nominations for the awards, which are presented annually and are intended to recognize the extraordinary achievements of the oil and gas industry in Colorado in several operational, environmental and community involvement categories. These awards honor year 2003 projects that merit special recognition. Five Colorado operators were honored this year. The honorees are: Williams Production RMT Company, BP America Production Company, Evergreen Resources, Inc., ChevronTexaco, and Gunnison Energy Corporation. Click the link for the complete article visit their website at www.oil-gas.state.co.us/ > 2003 Outstanding Oil And Gas Operations Awards (16338 k)

	07.07.04	DynaPump reduces diluent costs by 63% in Venezuela The Orinoco area southeast of Venezuela, is one of the places in the world where we produce the heaviest crude there is, between 7.8 to 9 degrees API. DynaPump has reduced their diluent costs by 63%. The complete report can be found in the Case Study section of our website.

	05.20.04	CBM Field Test Report NG Engines Recent testing at a field in Durango, Colorado indicates that the engine driven DynaPump has 25% less consumption compared to a NG Beam unit. > Natural Gas Engine Consumption Report (204422 k)

	04.26.04	DynaPump Attended The 2004 SPSC DynaPump participated in the 2004 SPSC this year as an exhibitor. It was nice to see many of our customers that stopped by our booth and inquiries from potential new customers. On both days of the event a paper was presented by one of our customers entitled “DynaPump Project Update”. This paper was an update of a paper presented at the SPC in Midland, Texas a few months ago. See attached 2004 SPSC > 2004 SPSC (428303 k)

	03.15.04	DynaPump Brochure DynaPump has recently released a new brochure. The brochure is in PDF format and can be easily downloaded by clicking on the link below. > DP Brochure V050304 (1404602 k)

	12.21.03	DynaPump in Venezuela PDVSA (Petroleum of Venezuela, S.A.) Field Barua Well MGB-36 Maracaibo West Venezuela Well was producing 120 BFPD from 10,500 feet with an ESP unit and the power consumption was 500 Kwh/Hour. A DynaPump model 11 was installed resulting in 150 BFPD from 11,000 feet with less than 20 Kwh/Hour.

	09.25.03	DynaPump Price Announcement As a result of DynaPump’s efforts to continually improve it’s product while at the same time offering the best possible price to all of it’s customers, DynaPump is announcing a PRICE REDUCTION on all standard power units as well as the Model 13 pumping unit. Click on attached file for full details. > Price Announcement 09.25.03 (58 k)

	8.31.03	Opening Our Market Potential The last 12 months have been the most exciting months the Company has ever had. We were able to convert into reality, and test, a myriad of new practical implementations of our DynaPump technology, many of which we have been developing for decades. Each one of these implementations creates new market applications for the DynaPump and makes the DynaPump more attractive to the customers. Please open attachment for a full list of implementations with a brief description of content and impact: > Opening Our Marketing Potential 8.31.03 (55 k)

	08.16.03	Web-based surveillance for remote equipment Computing and Control Engineering magazine posts article on web-native remote monitoring. DynaPump has been involved with World Wide Machines in the testing of their web based surveillance system. The article “A wireless web-native remote monitoring and control system” covers in detail the advantages of a web-based system. Check it out at www.iee.org/oncomms/sector/computing/, this might be the answer to your surveillance needs.

	08.04.03	Four Corners Business Journal Article La Plata ChevronTexaco wells sport new, sleek DynaPumps............. > Four Corners Business Journal Article (1145 k)

	07.25.03	40 foot polish rods now available from Norris Rods Norris Rods has recently announced the availability of 40 ft polish rods. With the availability of 1-¼ sucker rods by Norris months ago, this completes the package necessary for taking full advantage of the 360-inch stroke capacity of the Model 13 DynaPump with 50 ft bottom hole pump barrels.

	06.30.03	Installation completed on seven pumps in Colorado. DynaPump finalized the installation of seven model 5 units in a coal bed methane application in Durango, Colorado. Two of the seven are running on the newly developed natural gas driven power units. The natural gas driven units have all the automation and communication ability as the grid powered units.

	06.17.03	High flow units for CBM application in Price, Utah Installation of two high flow units was recently completed for a coal bed methane application in Price, Utah. One unit is a model 7 with a 75 hp power unit pumping from 3600 ft, producing 1050 BFPD. The other unit is a model 9 with a 100 hp power unit pumping from 3700 ft, producing 1500 BFPD. Three more DynaPump’s are scheduled to be installed soon.

	05.15.03	XSPOC soon to release beta version of Dynapump. DynaPump is pleased to announce the incorporation of the DynaPump in XSPOC. Over the past few months DynaPump has been working in parallel with Terry Triburg of Theta Enterprises creating the beta version. A current DynaPump customer in Texas is installing the Theta software to monitor their operations. Testing of the DynaPump interface has gone very well and the beta version should be available soon. Contact DynaPump or Terry Triburg at Theta Enterprises for future information.

	03.10.03	DynaPump maximizes coal bed methane production. DynaPump started shipping model 5 pumps to Utah and Colorado in mid summer. DynaPump has achieved maximum gas production with less power consumption than other artificial lift technologies.

	01.10.03	Run the DynaPump on natural gas. The nature of the DynaPump design and use of a variable frequency drive creates no peak power requiremnts. The KW of the generator only needs to match the horsepower of the Power Unit to handle the loads.

	12.11.02	1 1/4" Rods are now available Norris now has 1 1/4" grade 97 rods available for use with DynaPump's higher load capacity pumping unit models.