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In April 2013, IHS Markit acquired Fekete Associates Inc., a leading provider of integrated reservoir management software and services to the oil and gas industry. This strategic acquisition has strengthened IHS Markit expertise throughout the oil and gas value chain. The combination of Fekete workflow tools with energy information from IHS Markit has created new efficiencies for our customers and helped accelerate their exploration and production decisions.
Our integrated solutions offer a competitive edge in today’s dynamic global energy environment, enabling customers to improve productivity and gain even greater insight for making investment decisions. To locate your former Fekete products within their new Energy home, please use the links below or view all of our engineering solutions.
Bill Barrett Corporation Spends More Time Analyzing, Less Time Searching, to Gain Investment Insights
While seeking oil and gas development opportunities in the Rocky Mountains region, this Denver-based company has increased workflow efficiency by using a new platform that displays research based on users' preferences, delivers hours of time-savings each week and enables greater focus on high-level analysis.
Monroe Energy improves operational efficiency, enables Delta Air Lines’ strategy to cut fuel costs $300MM per year
As a Delta Air Lines subsidiary, this oil refinery reduced the parent company’s jet fuel costs by $300 million per year and increased the efficiency/productivity of its own 40 engineers by up to 2 hours a day – saving about $600K per year. The refinery also strengthened corporate governance by ensuring compliance with safety/environmental standards.
Oil & Gas Industry Leader Discovers Huge Cost-Savings Opportunities with Standards Conformity assessment
To lower costs enterprise-wide, a global energy company asked IHS to review 35 internal standards and list 143 comparable international standards. Research uncovered conformity opportunities including 25% savings on casing and tubing for $5 million annually and $180 million annually for conformance with ALL industry standards.
O’Brien Energy Company Accomplishes Time and Staffing Savings using FieldDIRECT®
This regional energy exploration and production company reduced the time required to generate monthly reports from 1 day to 20 minutes and reduced the workload from 2 full-time positions to one. Experienced staff now spends time making decisions instead of making reports and pumpers' accuracy has improved, too.
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