ChampionX Corp. (formerly Apergy Corp.)
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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
Goodbye Manual Control: Vital Energy’s Automation Program Boosts Production
Production, ESP efficiency soared when the company automated decisions with AI at the edge.
ChampionX Closes Acquisition of Artificial Lift Company RMSpumptools
ChampionX, which is being acquired by SLB for $7.7 billion, bought RMSpumptools Ltd. for about $110 million.
SLB: ‘As Expected’ ChampionX Deal to Undergo More Regulatory Review
Aggressive enforcement by the Department of Justice and Federal Trade Commission has delayed multiple high-profile, multibillion dollar oil and gas deals, with SLB’s ChampionX deal the latest.
‘Too Many’ Players: Oilfield Services Feel Permian M&A Crunch—Dallas Fed
After a historic run of E&P consolidation, oilfield services and equipment providers in the Permian are competing to woo a dwindling number of upstream customers, according to the second-quarter Dallas Fed Energy Survey.
Costly Consequences as E&Ps Navigate Methane Mitigation
Oil and gas companies are adjusting to an evolving emissions reduction landscape as state and federal regulators target methane emissions.
Sea Power: Noble’s Deal Fires Major Volley in Offshore, Services M&A
Noble Corp.’s $1.6 billion acquisition of Diamond Offshore Drilling may seem like small potatoes compared to the upstream sectors’ massive megadeals, but service sector consolidation could snowball, analysts said.
Exclusive: ChampionX Innovation Needed to Drill the Incremental Barrel
Soma Somasundaram, president and CEO of ChampionX, emphasized the need to innovate when drilling for the incremental barrel, as well as the oilfield services sector’s role in the path to net zero.
OTC: SLB Exec Says Goal is to Expand Production, Lower Emissions
Despite rapidly expanding global renewables capacity, oil and gas products will still supply around half of global energy demand by 2040, an SLB executive said during the 2024 Offshore Technology Conference.
Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation
Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.
SLB’s ChampionX Acquisition Key to Production Recovery Market
During a quarterly earnings call, SLB CEO Olivier Le Peuch highlighted the production recovery market as a key part of the company’s growth strategy.
Defeating the ‘Four Horsemen’ of Flow Assurance
Service companies combine processes and techniques to mitigate the impact of paraffin, asphaltenes, hydrates and scale on production—and keep the cash flowing.
Analysts, SLB Execs See Stability in $7.7B ChampionX Deal
The acquisition of ChampionX vaults SLB’s chemical production business to No. 1 globally and orients SLB's business toward resource recovery that is less tied to price volatility.
SLB to Buy Service Firm ChampionX in $7.7B All-stock Deal
SLB will acquire ChampionX for $7.74 billion in an all-stock deal that puts a 14.6% premium on ChampionX’s April 1 closing price.
E&P Highlights: March 25, 2024
Here’s a roundup of the latest E&P headlines, including a FEED planned for Venus and new contract awards.
ChampionX to Acquire RMSpumptools, Expanding International Reach
ChampionX said it expects the deal to extend its reach in international markets including the Middle East, Latin America and other global offshore developments.