Abstract: A hydraulically operated pump jack utilizing dual hydraulically operated piston and cylinder assemblies for pivoting the beam of the pump jack and including a unique control arrangement associated with a reversing valve for controlling operation of the piston and cylinder assemblies. The control arrangement includes a hydraulically operated holding valve incorporated into each of the conduits between the reversing valve and the hydraulically operated piston and cylinder assemblies combined with a control piston and cylinder assembly for controlling the operation of the holding valves. A manually operated valve assembly is also incorporated into each conduit to enable conversion of either or both of the piston and cylinder assemblies from double acting to single acting.