IHS bags Fekete

Reservoir engineer added to growing portfolio of upstream software. IHS to provide global marketing reach to Harmony suite.

IHS continues its E&P software buying spree with the acquisition of well test software boutique Fekete Associates. Calgary-based Fekete’s flagship ‘Harmony’ suite of reservoir and production engineering tools are used to optimize production from new and existing assets.

IHS Chairman and CEO Jerre Stead said, ‘Fekete plays an important role in our strategy to combine our information and expertise with the best tools and technologies used in key energy workflows. Feteke’s products build on existing IHS Energy solutions. The acquisition will provide new opportunities to expand Fekete’s offerings in the global energy marketplace.’

Feteke president David Dunn added, ‘The acquisition offers Fekete’s clients seamless connections to data that is integral to a proper well or asset performance analysis. The IHS global reach will expand the delivery of cutting-edge engineering services and products worldwide and help position key support personnel across critical growth markets such as the new frontier of unconventional resources.’ More from Feteke.

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