EXHIBIT (24)



                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
 

As independent public accountants, we hereby consent to the incorporation by
reference of our reports dated February 14, 1995, included in this Form 10-K,
into the Lufkin Industries, Inc. previously filed Form S-8 Registration
Statement File No. 33-36976.



                                       ARTHUR ANDERSEN LLP



                                       /s/ ARTHUR ANDERSEN LLP
                                       -----------------------



Houston, Texas

March 28, 1995