In 2014, IHS Energy donated
state-of-the-art software to Midwestern State University’s petroleum geology
program that enabled students to become familiar with the same programs used by
oil and gas industry professionals. The company’s gift included a three-year
license and maintenance agreement that were valued at approximately $4 million.
IHS has renewed the software licenses through October 2018 – a gift of more
than $2.1 million.
Dr. Scott Meddaugh, the Robert
L. Bolin Distinguished Professor of Petroleum Geology in MSU’s Kimbell School
of Geosciences, said that the donation of industry standard software enables
students to become familiar with workflows and tools that are used throughout
the oil and gas industry. “The availability of the software allows more
realistic classroom and lab projects for our classes. This experience gives
them an advantage when companies interview potential hires,” Meddaugh said.
The IHS software is used in a
number of undergraduate research projects and classes including Petroleum
Geology and Applied Petroleum Geology as well as graduate-only courses
including Advanced Formation Evaluation. Meddaugh said that graduate students
also use the software as part of their required thesis research. “Without the
software, these students would need considerably more time to complete the
geological maps and cross sections that are key elements of their reservoir
characterization and stratigraphy-focused research projects,” he said.
The gift consists of 20
network licenses for Kingdom and Petra, and 20 licenses for WellTest and
Harmony software. The Kingdom Suite and Petra integrated software evaluates
potential oil and gas reservoirs and helps plan field development. WellTest
helps users conduct gas and oil pressure transient analysis and serves as an
everyday well-test data interpretation tool. HS Harmony is a
comprehensive engineering application for analyzing oil and gas well
performance and evaluating reserves.
IHS provides information,
insight and analytics to businesses and governments around the world. Visit www.ihs.com for more information.