John Crane Introduces High-Temperature Fiberod® Fiberglass Sucker Rod for Upstream Oil Production

  John Crane Introduces High-Temperature Fiberod® Fiberglass Sucker Rod for
  Upstream Oil Production

New technology allows customers access to energy-efficient, cost-effective
option for use in high-temperature conditions common in shale fields

Business Wire

MORTON GROVE, Ill. -- January 30, 2013

John Crane Production Solutions, Inc. (JCPS), a subsidiary of John Crane, has
announced the introduction of a high-temperature Fiberod® fiberglass sucker
rod used for upstream oil production in shale fields where customers operate
in extreme high temperatures. This technology evolved from the original
light-weight fiberglass rod introduced by the company more than 20 years ago
and now used in many of the world’s largest oil fields. The high-temperature
rod provides an energy efficient option for use in difficult conditions, where
customers previously used heavy and more costly pumping units.

Duncan Gillis, President and CEO of John Crane, said: “Shale fields will
continue to be a significant and viable energy source used to meet growing
energy demands. We developed this new technology so the extreme temperatures
that can be found in shale field production would not be a barrier to entry
for our customers. In addition to meeting their requirements for reliability,
the new rod will meet expectations for environmental management practices.”

The new fiberglass sucker rod is corrosion-resistant and has a resin matrix
that can withstand well temperatures of up to 285 degrees Fahrenheit. It is
used in many oil and natural gas fields across Texas, California and North
Dakota in the U.S. They are used, for instance, in the Eagle Ford shale field
in south Texas, one of the largest active shale fields in the world. Operators
have produced over 4,000 barrels of oil a day, and collectively, the
operations have contributed close to 40,000 jobs in the surrounding area^1.

JCPS offers sucker rod products, rod pumps, specialty products and on-site
technical service for customers in the upstream oil market. It is a subsidiary
of John Crane. For more information, visit www.productionsolutions.net.

About John Crane

John Crane is a global leader in the design and manufacture of mechanical
seals, couplings, hydro-dynamic bearings, seal support and filtration systems,
and artificial lift products. The company serves a variety of markets
including the oil and gas, chemical, pharmaceutical, pulp and paper, and
mining industries. John Crane employs more than 7,000 people and has
operations in over 50 countries. 2012 revenues were approximately $1.5
billion. John Crane is the largest division of Smiths Group, a global
technology business listed on the London Stock Exchange (SMIN). For more
information, visit www.johncrane.com.

1. Eagle Ford Shale Play. KED Interests, LLC, Houston TX.
http://eaglefordshale.com. January 28, 2013.

Contact:

John Crane
Media Relations:
Alicia Antrim-Highlander, +1 (847) 967-2995
ahighlander@johncrane.com
 
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