BHI Acquires Reservoir Consulting Firms

Baker Hughes Incorporated has acquired two reservoir consulting firms -- Gaffney, Cline & Associates (GCA) and GeoMechanics International (GMI) -- strengthening the company's capabilities in reservoir engineering, technical and managerial advisory services and reservoir geomechanics.

The company also announced that D. Nathan Meehan, PhD, P.E. has joined Baker Hughes as Vice President, Reservoir Technology and Consulting. Dr. Meehan will lead the company's reservoir engineering, reservoir consulting, and hydrocarbon development activities, including the GCA and GMI businesses.

"These two acquisitions are part of an ongoing effort to broaden our capabilities by expanding Baker Hughes' traditional strength in wellbore-related technology to encompass comprehensive reservoir and midstream solutions," said Chad C. Deaton, Baker Hughes Chairman, President and Chief Executive Officer. "The two firms will continue to operate as stand-alone consultancies while providing advice and services to enhance the reservoir-related offerings of Baker Hughes product line divisions.

"Under Dr. Meehan's direction, GCA and GMI will bring to Baker Hughes additional capabilities in reservoir engineering and geomechanics, increasing our ability to create value for our customers," Mr. Deaton concluded.