An enhanced elastomeric stator assembly and method of making the same is disclosed. The elastomeric stator may be structurally, thermally, and/or chemically enhanced through the incorporation of graphene particles, cross-linkable polymers, coupling agents that extend cross-links, and by the reduction of filler material. The graphene particles can be incorporated in functionalized or non-functionalized form or in a combination thereof, the functionalized graphene increasing the number of cross-links in the overall structure, thereby enhancing the structural robustness of the elastomeric stator. The compound can be formulated to have a relatively low viscosity and other characteristics that allow the material to flow through a mold cavity.