Apergy's product suite includes critical equipment and software to monitor, predict, and optimize well performance for enhanced operator returns
SANTA CLARA, California, Oct. 16, 2018 /PRNewswire/ -- Based on its recent analysis of the global integrated wellsite lifecycle management market, Frost & Sullivan recognizes Apergy with the 2018 Global Customer Value Leadership Award for boosting wellsite productivity with its end-to-end, pure-play onshore equipment and technology services. The company's highly engineered technologies, wellsite productivity software, Industrial Internet of Things (IIoT)-powered systems, and digital transformation solutions help operating companies safely and cost-effectively drill and produce oil and gas.
"In a marketplace dominated by piece-meal solutions, Apergy stands out with its integrated, comprehensive solutions and services for the entire lifecycle of a well. Its artificial lift (AL) has been one of the top three products for the past 10 years," said Muthuraman Ramasamy, Industry Director at Frost & Sullivan. "Another significant advantage of Apergy's services is that more than 90% of the operating wells in unconventional oil-rich United States basins are located within two miles of an Apergy service center. Thus, the company can address customer requests in less than 24 hours, which is the fastest response time in the market."
Meanwhile, oil and gas companies are concerned that operational downtime at a time when horizontal drilling and unconventional extraction is booming can result in heavy losses. Apergy tackled this challenge with custom-designed polycrystalline diamond cutters (PDCs) and bearings, which lower drill times and unprofitable idling. Apergy designs more than 95% of its PDCs specifically for its clients' unique needs. Client feedback and rapid learning cycles ensure constant improvements in its product performance.
In line with the growing trend of digital wellsites, Apergy leverages its IIoT plug and play products to enable clients' entire operations to collaborate with greater efficiency. The company uses digital technology to present differentiated solutions such as its ESP LOOKOUT™, gas lift automation, and rod lift to optimize production. The company also engages with customers during all phases of IIoT adoption, from measuring and tracking to modeling and predicting operations.
"Apergy sets itself apart with its advanced, integrated technologies, a customer service network dedicated to response and solution delivery, technical and application experts, as well as acquisitions of some of the most trusted brands in the oil and gas industry," noted Ramasamy. "Its increased adoption of digital applications, widening international presence, and demonstrated dedication to customer-centric innovation position Apergy ideally for further market growth."
Each year, Frost & Sullivan presents this award to the company that demonstrates excellence in implementing strategies that proactively create value for its customers with a focus on improving the return on the investment that customers make in its services or products. The award recognizes the company's unique focus on augmenting the value that its customers receive, beyond simply good customer service, leading to improved customer retention and customer base expansion.
Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
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's products provide efficient functioning throughout the lifecycle of a well - from drilling to completion to production. Apergy's Production and Automation 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. 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.
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SOURCE Frost & Sullivan