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ChampionX debuts preview of new production optimization digital solution

THE WOODLANDS, Texas, August 15, 2024 -- ChampionX Corporation (“ChampionX” or the “Company”) announced today the latest release of its XSPOC optimization software, which includes a preview of the new ALLY™ digital solution.

Positioned as our clients’ digital production partner for the future, ALLY offers a modern interface with user-friendly dashboards and intuitive workflows, paired with powerful performance—ingesting, processing, and displaying more data than ever before. This enables users to make more informed decisions to quickly identify wells requiring attention and to perform a deeper analysis of historical trends to diagnose issues.

“This is a key milestone for the integration of our industry-recognized XSPOC software and recently acquired Alp Pump Checker software,” said Paul Mahoney, President of ChampionX’s Production & Automation Technologies (PAT) business segment. “Leveraging ALLY as the foundation to combine these capabilities into an integrated digital solution will deliver more productivity and profitability of our customers’ producing assets.”

The software release also includes intelligent rod lift setpoint optimization enhancements that allow operators to adjust key parameters based on their individual business objectives. ChampionX continues to leverage artificial intelligence and machine learning techniques to advance automated workflows that help operators increase production and extend run life of their artificial lift equipment while also improving personnel efficiency.

“It is exciting to see the technology advancements in this release, which is foundational to our digital journey,” commented Neha Sahdev, ChampionX Theta production optimization vice president. “We remain focused on delivering data-driven outcomes that address our customers’ production challenges today, as well as in the future.”  

 

About ChampionX

ChampionX 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 with a focus on the production phase of wells.

ChampionX Production & Automation Technologies (PAT) offers technology and services that facilitate the safe, efficient, and cost-effective extraction of oil and gas through artificial lift and digital automation applications. ChampionX PAT designs, manufactures, markets, and services a full range of artificial lift equipment, end-to-end automation, and digital solutions, as well as other production equipment and emissions monitoring solutions. To learn more about ChampionX, visit www.championX.com.

 

Investor Contact: Byron Pope, byron.pope@championx.com, 281-602-0094

Media Contact: John Breed, john.breed@championx.com, 281-403-5751