BHI acquires reservoir consulting firms
Baker Hughes Incorporated has acquired two reservoir consulting firms - Gaffney, Cline & Associates (GCA) and GeoMechanics International (GMI) - strengthening the company's capabilities in reservoir engineering, technical and managerial advisory services and reservoir geomechanics.
The company also announced that D. Nathan Meehan, PhD, P.E. has joined Baker Hughes as Vice President, Reservoir Technology and Consulting. Dr. Meehan will lead the company's reservoir engineering, reservoir consulting, and hydrocarbon development activities, including the GCA and GMI businesses.
'These two acquisitions are part of an ongoing effort to broaden our capabilities by expanding Baker Hughes' traditional strength in wellbore-related technology to encompass comprehensive reservoir and midstream solutions,' said Chad C. Deaton, Baker Hughes Chairman, President and Chief Executive Officer. 'The two firms will continue to operate as stand-alone consultancies while providing advice and services to enhance the reservoir-related offerings of Baker Hughes product line divisions.
'Under Dr. Meehan's direction, GCA and GMI will bring to Baker Hughes additional capabilities in reservoir engineering and geomechanics, increasing our ability to create value for our customers,' Mr. Deaton concluded.
Gaffney, Cline & Associates is an international advisory firm focused on providing integrated technical and managerial services to all sectors of the oil and gas industry. For more than 45 years GCA has provided strategic and detailed advice aimed at achieving practical and commercially viable results. In addition to reservoir engineering, GCA advises a wide group of clients in exploration, reservoir evaluation, field development, drilling and production, pipeline, refining and LNG projects throughout the world. GCA has principal offices in London, Houston, Moscow, Buenos Aires, Singapore and Sydney.
GeoMechanics International is a leader in consulting, training and software in the field of geomechanics and its application to oil and gas reservoirs. GMI was founded in 1996 by a team of experts from Stanford University's Department of Geophysics, and each of its consultants is a recognized leader in the field of geomechanics. GMI Chairman Mark D. Zoback, PhD is a noted authority in in-situ stress determination and geomechanics. GMI applies its expert knowledge during the entire field development process to reduce exploration risk, save Non Productive Time (NPT), and increase hydrocarbon recovery. Headquartered in Houston, GMI has branch offices in California, Germany, Australia, Dubai and Kuala Lumpur.
Dr. D. Nathan Meehan (52) has more than 30 years of global experience in reservoir engineering, reserve estimation, hydraulic fracturing and horizontal well production. Previously he served as president of CMG Petroleum Consulting, an independent consultancy firm providing petroleum engineering services to major, independent and national oil companies, and oilfield service companies; Vice President of Engineering for Occidental Oil & Gas; and General Manager Exploration & Production Services for Union Pacific Resources. Dr. Meehan earned his BSc degree in Physics from Georgia Institute of Technology, his MSc degree in Petroleum Engineering from the University of Oklahoma, and his PhD degree in Petroleum Engineering from Stanford University.
Baker Hughes provides reservoir consulting, drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry.