Baker Hughes acquires Meyer & Associates

Baker Hughes has acquired Meyer & Associates, a leading petroleum industry software developer. The acquisition strengthens Baker Hughes’ Reservoir Development Services (RDS) and positions Baker Hughes as a leading provider of hydraulic fracturing design and evaluation consulting.

Meyer & Associates’ MFrac software provides comprehensive design and evaluation simulations, containing a variety of options including 3D fracture geometry and integrated acid fracturing solutions, for hydraulic fracturing, produced water and cuttings reinjection applications. Recently, Meyer & Associates added an innovative approach to simulation of hydraulic fracturing in shale gas plays to its suite of software products.

With the addition of Meyer & Associates software and expertise, Baker Hughes enhances its capabilities to design hydraulic fracturing simulation plans for unconventional gas, tight formations in the deepwater Gulf of Mexico and carbonates in the Middle East. The software also complements Baker Hughes’ geomechanical modelling capabilities. The RDS software development team will work with Meyer & Associates to integrate MFrac with existing geomechanical and geomodelling software capabilities to create an even more attractive software solution for customers.

In addition, the MFrac software will allow the Baker Hughes RDS group to expand the consulting and training business in hydraulic fracturing design and evaluation. The MFrac software will be rolled out within RDS in conjunction with a client training program on hydraulic fracturing design and the application of MFrac.

Read the article online at: https://www.oilfieldtechnology.com/exploration/21092010/baker_hughes_acquires_meyer_and_associates-/