Veritas expansion (January 2001)

Veritas has acquired Reservoir Characterization Research and Consulting Inc. for $33 million of its own stock.

Veritas DGC Inc. has acquired Denver-based Reservoir Characterization Research and Consulting, Inc. (RC2) for $33 million worth of Veritas stock.

Robson

Veritas Chairman Dave Robson commented, RC2's best-in-class technology, talented people and worldwide experience are a great fit with our integrated seismic data interpretation and analysis services. The acquisition of Reservoir Characterization and Research will significantly enhance our capabilities for specialized reservoir services that improve decision-making, optimize production and reduce risk.

Bashore

Reservoir Characterization president William Bashore added We will benefit from the complementary technologies and global reach Veritas provides. Combined, our two organizations will offer the most complete line of services available from any one company in the reservoir characterization market, spanning well correlation, geological modeling, seismic inversion, reservoir simulation, project development, petrophysics, AVO and visualization. RC2 acquired fluid flow specialist Heinemann Oil Techology last year. More from www.veritasdgc.com.

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