TULSA, OKLA., Jan. 24, 2019 – NSI Technologies, LLC (NSI) is pleased to announce that it will be presenting its new “cloud-based” version of the industry leading three-dimensional hydraulic fracturing design software, StimPlanTM, at the SPE Hydraulic Fracturing Technology Conference and Exhibition in The Woodlands, Texas on February 5 – 7.
StimPlan is a complete and integrated software solution for hydraulic fracture design, analysis and optimization. With a comprehensive integrated toolkit and the industry’s most rigorous geometry models, StimPlan helps operators worldwide maximize their well performance while lowering expenditure and reducing their environmental footprint, however complex their reservoir or fracture treatment design. Taking advantage of cloud-based parallel processing allows StimPlan to radically decrease the time required to run the multiple simulations required to achieve design optimization.
“For the last four years, NSI has been developing the new cloud-based version of StimPlan, including intensive beta testing over the past year,” said Dr. Michael Smith, NSI President. “We are thrilled to provide the industry with a set of engineering tools that will simplify the workflows associated with designing hydraulic fractures in complex, unconventional reservoirs, and will significantly improve the ability to optimize reservoir economics.”
About NSI Technologies, LLC
NSI Technologies, LLC (NSI) is a leading petroleum industry software and consulting firm specializing in one thing – the design, optimization, and execution of hydraulic fracturing treatments for operators worldwide. The company was formed in 1984 by Dr. Ken Nolte and Dr. Michael Smith who co-developed the Nolte-Smith plot for net treating pressure analysis and the ‘G’ function for fracturing pressure decline analysis. These provided the first analysis tools for interpreting fracture geometry, fluid loss and efficiency. NSI provides a unique combination of fracture and reservoir engineering products and services, including StimPlanTM, the state-of-the-art frac design software that provides clients with value added solutions. For more information, visit nsitech.com