Information and analytics company IHS Inc. , has acquired Fekete Associates, a provider of integrated reservoir management software and services to the oil and gas industry. Terms of the deal were not disclosed.
“The acquisition of Fekete plays an important role in better supporting our customers as we continue to seamlessly connect IHS information and expertise with the right tools and technologies linked to key energy workflows,” said IHS Chairman and Chief Executive Officer Jerre Stead. “The products and services offered by Fekete build on existing IHS Energy solutions and provide new opportunity to expand Fekete offerings to a high-growth global energy marketplace.”
Fekete is a provider of integrated reservoir and production engineering tools and workflow solutions to the oil and natural gas exploration and production industry. Headquartered in Calgary, Alberta, Canada and with an office in Houston, the company’s digital solutions help customers find and develop new oil and gas reserves, and optimize production from new and existing assets by processing, analyzing, interpreting and modeling digital subsurface information.
“Combining Fekete workflow tools with IHS Energy information will create new efficiencies for customers and speed time to decisions in exploration and production. In a very dynamic global energy environment, providing integrated solutions that improve productivity and allow an even greater level of insight in making investment decisions is a great outcome for our customers and for IHS,” said IHS President and Chief Operating Officer Scott Key.
USA, Englewood, CO & Canada, Calgary, Alberta
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