An improved CT-based artificial lift system illustrates multiple novel aspects, each of which offers reduced installation cost and/or reduced rates of wear and performance degradation. One such aspect arises in a first illustrative well embodiment that includes: a pump tubular that separates an annular conduit from a central bore conduit, with one of the annular conduit and the central bore conduit serving as a lift conduit and the other of the annular conduit and the central bore conduit serving as a gas injection conduit, and with the pump tubular having at least one port for gas to flow from the gas injection conduit to the lift conduit; a downhole pump having a plunger that is driven by reciprocating motion of the pump tubular to force a liquid flow into the lift conduit, the liquid flow receiving lift gas from the at least one port; and a gas control unit that supplies the gas to the gas injection conduit.