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ChampionX Introduces ESP Digital Ecosystem

THE WOODLANDS, Texas – May 20, 2025 -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX), a global leader in oilfield technology and services, has launched a digital ecosystem for electrical submersible pumping (ESP) system operations. The innovative digital ecosystem aggregates ESP data across a system’s life to drive continuous improvement from design to dismantle through a web-based platform. The ecosystem is combined with artificial lift experts who provide data-driven insights to improve ESP performance and longevity.

Powered by a cutting-edge digital backbone, the ecosystem encompasses DETERMINE™ application design services, LOOKOUT™ optimization services, and dismantle inspection failure analysis (DIFA) reliability services, connecting each customer data point throughout the life of an ESP.

“An overwhelming amount of data is collected throughout the ESP lifecycle, and it has historically been siloed,” said Ryan Rasmussen, vice president and managing director of ChampionX’s UNBRIDLED® ESP Systems. “With this ecosystem, we’ve created a connected and transparent digital experience for our customers, making it easy for them to access their ESP data and more importantly, take actions to drive improvements.”

With DETERMINE application services, customers have access to a web application for ESP system design, allowing them to streamline the sizing process with dynamic designs and iterate changes quickly. The application also lets customers co-create their designs with ChampionX’s ESP application engineering experts.

LOOKOUT optimization services combine the power of 24/7 optimization and surveillance teams with a web application that provides deeper production insights. Through the LOOKOUT application, teams can customize notifications, access multiple data points quickly, and have full asset control.

DIFA reliability services gives customers a more detailed look at the root cause of failures with access to a first of its kind web application. The application lets customers work directly with our DIFA engineers for interactive reports, scheduling, and technical application support.

“Our customers are able to leverage a single source of truth for their ESP design, operation production performance, and DIFA reports,” Rasmussen said. “This system also allows us to continuously improve ESP performance across our customers field at every step in the process.”

 

About ChampionX

ChampionX Corporation is a global leader in chemistry solutions, artificial lift systems, and highly engineered equipment and technologies that help companies drill for and produce oil and gas safely, efficiently, and sustainably around the world. ChampionX’s expertise, innovative products, and digital technologies provide enhanced oil and gas production, transportation, and real-time emissions monitoring throughout the lifecycle of a well. To learn more about ChampionX, visit our website at www.championX.com.

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

Media Contact: John Breed – john.breed@championx.com – 281-403-3751