ChampionX Corp. (formerly Apergy Corp.)
About
ChampionX (formerly known as Apergy Corp.) is a global leader in chemistry solutions and highly engineered equipment and technologies that help companies drill for and produce oil and gas safely and efficiently around the world. ChampionX’s products provide efficient functioning throughout the lifecycle of a well - from drilling to completion to production. ChampionX’s Chemical Technologies offering consist of chemistry solutions to maximize production from flowing oil and gas wells as well as chemistry solutions used in drilling and completion activities. ChampionX’s Production & Automation Technologies offerings consist of artificial lift equipment and solutions, including rod pumping systems, electric submersible pump systems, progressive cavity pumps and drive systems and plunger lifts, as well as a full automation and digital offering consisting of equipment and software for Industrial Internet of Things (“IIoT”) solutions for downhole monitoring, wellsite productivity enhancement, and asset integrity management. ChampionX’s Drilling Technologies offering provides market leading polycrystalline diamond cutters and bearings that result in cost effective and efficient drilling.
Editor's note: Updated June 4, 2020.
Transactions
ChampionX Closes Acquisition of Artificial Lift Company RMSpumptools
ChampionX Closes Acquisition of Artificial Lift Company RMSpumptools
ChampionX Expands Decarbonization Portfolio with Two Acquisitions
ChampionX Expands Decarbonization Portfolio with Two Acquisitions
ChampionX Expands Decarbonization Portfolio with Two Acquisitions
ChampionX Expands Decarbonization Portfolio with Two Acquisitions
ChampionX Sells Corsicana, Texas Chemical Manufacturing Plant
ChampionX Sells Corsicana, Texas Chemical Manufacturing Plant
ChampionX Enhances Environmental Stewardship with Acquisition
ChampionX Enhances Environmental Stewardship with Acquisition
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New Financings
Announced that it refinanced its existing credit facilities with a restated senior secured credit…
Announced that its board of directors has approved a new $250 million share repurchase program for 2022…
Informed Wells Fargo, National Association, the trustee of the company’s 6.375% senior notes due 2026, of…
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News
Australian Regulators Approve SLB’s $7.76B ChampionX Acquisition
SLB’s $7.76 billion all-stock deal to buy ChampionX previously won approval in the U.S., but the transaction remains under review by U.K. and Norwegian authorities.
Gold H2 Completes Field Trial, Produces H2 With Biotechnology at Oil Field
The Houston-based company on June 24 said it successfully completed the world’s first field trial demonstrating subsurface bio-stimulated hydrogen production.
Breaking the Efficiency Barrier: Permian OFS Firms Race to Improve
Service companies such as NOV and ChampionX, working with operators, are optimizing well designs to boost well productivity and ultimately lower costs as shale production growth slows.
ChampionX’s Chemical Application Breaks Up Waxy Blockages
The ChampionX system, called ParaClear, offers a custom solution based on site characteristics to move waxy crude through pipelines.
ChampionX’s Aerial Optical Gas Imaging Platform Secures EPA Approval
ChampionX Corp.’s aerial optical gas imaging platform combines optical technology with a gimbal system to detect and locate methane leaks.
SLB-ChampionX Deal Clears Antitrust Review, Agrees to Sell Interest in US Synthetic
SLB’s deal to acquire ChampionX received clearance under the U.S.' Hart-Scott-Rodino Antitrust Improvements Act.
SLB’s Big Boost from Digital Offsets Flat Trends in Oil, E&P
SLB’s digital revenue grew 20% in 2024 as customers continue to adopt the company's digital products, artificial intelligence and cloud computing.
AI-Shale Synergy: Experts Detail Transformational Ops Improvements
An abundance of data enables automation that saves time, cuts waste, speeds decision-making and sweetens the bottom line. Of course, there are challenges.
As Upstream M&A Settles, Oilfield Services Gear Up for More Deals
Within the first nine months of 2024, oilfield services dealmaking hit $19.7 billion—the highest since 2018, according to Deloitte.
Push-Button Fracs: AI Shaping Well Design, Longer Laterals
From horseshoe wells to longer laterals, NexTier, Halliburton and ChampionX are using artificial intelligence to automate drilling and optimize completions.
ChampionX Completes Improvements to Odessa Chemical Hub
The Odessa chemical manufacturing facility in the Permian Basin will increase ChampionX’s capacity by almost 10%, or 10 million kilograms annually.
SLB Earnings Rise, But Weakened 4Q and 2025 Ahead Due to Oil Glut
SLB, like Liberty Energy, revised guidance lower for the coming months, analysts said, as oilfield service companies grapple with concerns over an oversupplied global oil market.
ChampionX Releases New Plunger Lift Well Solution
The SMARTEN Unify control system is the first plunger lift controller in ChampionX’s SMARTEN portfolio.
Dividends Declared in the Week of Aug. 12
As second-quarter earnings season wraps up, here is a roundup of select upstream, midstream and service and supply companies’ dividends declared in the week of Aug. 12.
OFS Consolidation Continues with Flowserve to Buy MOGAS
Flowserve will purchase MOGAS Industries for at least $290 million, part of a number of oilfield service company acquisitions announced in 2024.