Apergy releases XSPOC 3.0 optimization software

XSPOC Adds AI-Driven Classifications for ESPs and Set Point Optimization for Rod Lift Wells

HOUSTON, TX (January 28, 2020) — Apergy Corporation announces today the launch of XSPOC 3.0, the latest release of its production optimization software. This release provides a number of powerful updates to the XSPOC platform, enabling set point optimization of rod lift wells and Artificial Intelligence (AI)-driven classifications for ESP wells that allow users to better optimize their production assets with less resources and time. The 3.0 update also includes further development of XSPOC’s physics-based diagnostics for ESP and Gas Lift wells including additional flow models and equipment specifications.

This update is built on top of XSPOC’s known optimization heritage, and takes steps to enabling optimized autonomous control for all methods of Artificial Lift. “The latest release addresses key challenges faced by our customers,” says Terry Treiberg, General Manager of Apergy’s Theta Oilfield Services business. “Our field trials with our rod pump set point optimization have been well-received and yielded real results. Our customers are pleased with the direction XSPOC is moving: full autonomous control for all methods of Artificial Lift.”

“The XSPOC 3.0 release is a culmination of multiple facets of our business,” says Paul Mahoney, President of Apergy’s Production and Automation Technologies segment. “Our core Artificial Lift competencies of service and field excellence, system design prowess, and optimization expertise come together to transform disparate data into meaningful insights for our customers. The result is enhanced production efficiency with lower costs for our customers.”

About XSPOC

XSPOC is a production optimization software that identifies and diagnoses anomalies in artificially-lifted wells, and also recommends steps to optimize system performance. It employs physics-based diagnostics and Artificial Intelligence to monitor, control, and optimize Rod Lift, Gas Lift, and ESP systems. It is the market leader in production optimization and is used to optimize 125,000 wells across the globe. Incepted in 1999, XSPOC is leveraged by 16 of the top 20 oil producers in the United States.

For more information about XSPOC, please visit our website.

About Apergy Corporation

Apergy is a leading provider of highly engineered equipment and technologies that help companies drill for and produce oil and gas safely and efficiently around the world. Apergy is headquartered in The Woodlands, Texas, and employs over 3,000 associates serving customers across the major producing areas around the wo rld. Apergy’s Production & Automation Technologies offerings consist of artificial lift equipment and solutions, including rod pumping systems, electric submersible pump systems, progre ssive cavity pump systems, gas lift equipment, plunger lift systems, 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. Apergy’s Drilling Technologies offering provides market leading polycrystalline diamond cutters and bearings that result in cost effective and efficient drilling. To learn more about Apergy, visit our website at http://www.apergy.com.

January 28, 2020