Geodynamics Names Bell and Price to Key Positions

GEODynamics, Inc. has named Matt Bell as Vice President of Technology and Ted Price as Global Sales Director according to David Wesson, President. "Both Matt and Ted bring years of experience in worldwide oil and gas well completion technology to our perforating solutions team. Our ability to continue to attract professionals with their level of experience validates our goal to be the industry's premier provider of perforating technology," Wesson said.

Matt Bell was previously Senior Investment Manager for Shell Technology Ventures, Inc. where he helped manage a $300+ million investment portfolio consisting of energy-industry companies offering groundbreaking technologies to the exploration and production business. Matt had worked for Shell E&P since 1994 and held various technical positions around the world including: Technical Expert – Perforating Global Delivery Team, Staff Production Engineer – Applied Well Technologies, Production Technologist – Deep Oil Assets in Oman, and Production Technologist – Heavy Oil Development in Venezuela. Matt graduated with honors from Imperial College, London with a MEng degree in Chemical Engineering. He is a member of SPE, a member of the API subcommittee on perforating, an associate member of the Institute of Chemical Engineers (UK), and an associate of the City & Guilds Institute of London. Matt will be based at the company's executive offices in The Woodlands, Texas.

Prior to joining GEODynamics, Ted Price worked for Halliburton Energy Services for 21 years in a number of sales and managerial roles including: Division Sales Manager for VannSystems, Director Third-party Sales for VannSystems/Halliburton, and Senior International Sales Representative/ Business Development Manager for Jet Research Center. Earlier in his oil field career, Ted was a Hydraulic Workover Specialist in Algeria for Baker International. He also worked as Rotek Manager for Fishing Tools, Inc. Ted is a graduate of St. Johns River College in Florida. The majority of his 30-year career in the oil and gas industry has been dedicated to international sales and operations in C.I.S. countries, China, Southeast Asia, Africa and Latin America. He provides valuable training and consulting services to NOC's and third party customers in areas of completion equipment field use and applications. Ted also will be based in The Woodlands office.

GEODynamics, Inc. designs, engineers and manufactures conventional and innovative perforating solutions that maximize well productivity for the global oil and gas industry.

In 2003, the founders of GEODynamics created a technology development company with distributed manufacturing capabilities for oil and gas well perforating systems and solutions. Their goal was to create a truly global company offering game-changing technology.

In its first two years of operation, GEODynamics experienced a compound annual growth rate of 537 percent, and earned the number one position on the 2006 Aggie 100 list of fastest-growing companies owned and operated by Texas A&M University former students.

Perforating is the first critical step in connecting a wellbore to the oil/gas reservoir. GEODynamics' industry-leading engineered perforating solutions capitalize on the relationship between ballistics, wellbore mechanics, and the reservoir's formation characteristics – an approach that has attracted the world's most respected producers and service companies as valued customers and partners. The Company helps maximize oil and gas well performance by providing:

  • Advanced shaped-charge technology
  • Fit-for-purpose solutions, tailored to a well's geological composition
  • Extensive QA/QC on all systems and components,
  • The most advanced engineering and testing laboratory in the industry.

GEODynamics' perforating solutions deliver optimal performance in part because critical, shaped-charge parameters – such as optimized jet velocity profiles that maximize penetration while minimizing damage – can be selected in the context of the reservoir and completion type. Additional factors like shot density, hole size and phasing are analyzed on a foot-by-foot basis in order to deliver maximum value from the reservoir.