News

 

May 5, 2016 – NITEC presents at SPE Low Perm Symposium
 NITEC presented "A Black Oil Simulator that Includes the Impact of Capillary Pressure on Phase Behavior in Nano-Porous Unconventional Reservoirs" at the SPE Low Perm Symposium in Denver, CO. The presentation is available on the SPE website.

December 15, 2015 – NITEC presents at Turkey SPE Monthly Meeting
NITEC presented "Pillars of Shale Oil Development in the USA" and "Integrated Numerical Simulation of Hydraulic Fracturing and Production Interference Among Shale Oil Wells" at the Ankara SPE Section monthly meeting. The presentation is available on their website.

July 30, 2015 – NITEC notified of DOE Project award
 NITEC notified of DOE's acceptance of its proposal "Offshore Storage Resource Assessment" for a 2-year project to evaluate the CO2 storage potential of offshore GOM fields. DOE award announcement: http://netl.doe.gov/newsroom/news-releases/ .

July 22, 2015 – NITEC presents at 2015 SPE/AAPG/SEG Unconventional Resources Technology Conference (URTeC) in San Antonio
 NITEC presents URTeC 2154623: "Unraveling Minimum Liquid Yields from Variable PVT and Production Data in the Woodford using EOS"

July 16, 2014 – NITEC presents at Dallas SPE Monthly Meeting
 NITEC presented "A Better Modeling Approach for Hydraulic Fractures in Unconventional Reservoirs" at the Dallas SPE Section monthly meeting. The presentation is available on their website.

March 27, 2014 – NITEC presents at Houston SPE Monthly Meeting
 NITEC presented "A Better Modeling Approach for Hydraulic Fractures in Unconventional Reservoirs" at the Houston SPE Section monthly meeting. The presentation is available on their website.

February 23-28, 2014 – NITEC makes poster presentation at SPE Forum
 NITEC presented "A Finite Difference Approach to Modelling Hydraulically Fracture Systems" at the poster session for the SPE Forum Series - Numerical Modeling in Unconventional Reservoirs in Newport Beach, CA. Click Here to view the poster.

February 25, 2014 – NITEC presents at Pittsburgh SPE Monthly Meeting
 NITEC presented "A Better Modeling Approach for Hydraulic Fractures in Unconventional Reservoirs" at the Pittsburgh SPE Section monthly meeting. The presentation is available on their website.

January 7, 2014 – NITEC presents at San Antonio SPE Monthly Meeting
NITEC presented "A Better Modeling Approach for Hydraulic Fractures in Unconventional Reservoirs" at the San Antonio SPE Balcones Section monthly meeting. The presentation is available on their website.

November 7 & 19, 2013 – NITEC provides COZ Workshops
NITEC provided a workshop: "COZ - New Reservoir Simulation Software Designed to Aid Smaller Operators in Conducting More Rigorous Reservoir Studies" through PTTC in Denver and Tulsa.

November 7, 2013 – NITEC provides training on enhanced COZSim at UREP
 NITEC provided a full-day training session on the enhanced version of COZSim at the semi-annual UREP Advisory Board Meeting held at the Colorado School of Mines. COZSim is being enhanced to model N-porosity reservoir systems. UREP is the Unconventional Reservoir Engineering Project Consortium.

October 2, 2013 – NITEC presents at 2013 SPE ATCE in New Orleans
 NITEC presents SPE 166459: "An Excess-Bubble-Point-Suppression Correlation for Black Oil Simulation of Nano-Porous Unconventional Oil Reservoirs" at the SPE Annual Technical conference.

July 11, 2013 – NITEC presents at the Wyoming Enhanced Oil Recovery Institute's 7th Annual Wyoming CO2 Conference, Casper, WY 
NITEC presented how COZView/COZSim could be used to evaluate the residual oil zone (ROZ) intervals in reservoirs. The presentation is available on EORI's website.

July 9, 2013 – NITEC participates in the Wyoming Enhanced Oil Recovery Institute's Tensleep III-ROZ EOR in the Bighorn Basin Tensleep Workshop, Casper, WY  
NITEC presented how COZView/COZSim could be used to develop a full field model of a large field for investigation of CO2-EOR. The Frannie Field in NW Wyoming was used as the example. The presentation is available on EORI's website.

June 26, 2013 – NITEC presents at ARMA in San Francisco
NITEC presents ARMA 13-460: "A Finite Difference Approach To Modeling Geomechanics in Hydraulic Fracturing" at the 47th American Rock Mechanics Association conference.

May 3, 2013 – NITEC Reports to Unconventional Reservoir Engineering Project (UREP) Consortium  
 NITEC attended the Mid-Year UREP meeting at the Colorado School of Mines to report on research and software development status. This included:

  • Bubble Point Suppression in Unconventional Liquids Rich Reservoirs and Its Impact on Oil Production – T. Firincioglu
  • Handling Bubble Point Suppression in Reservoir Simulation – C. Ozgen
  • Numerical Solution and Modeling Issues in Confinements – C. Ozgen
  • Capillary Pressure in Unconventional Reservoirs – C. Ozgen

April 11, 2013 – NITEC Unconventional Modeling Seminar  
NITEC hosted five companies and 15 attendees at a seminar on Modeling of Unconventional Wells/Reservoirs in its Denver office. NITEC presented some of its recent technology developments and application results. A good exchange of ideas was shared by all.

February 28, 2013 – NITEC releases COZView/COZSim  
NITEC begins distribution of the CO2-EOR software developed under funding from the DOE/NETL. The free software, user manual and tutorials are available for download from the NITEC website.

December 7, 2012 – NITEC presents at 2012 CO2 Flooding Conference in Midland, Texas 
NITEC presents "Investigating ROZ Exploitation with COZSim" at the annual conference.

October 10, 2012 – NITEC presents at SPE ATCE meeting in San Antonio, Texas 
NITEC presents SPE 159869: “Thermodynamics of Multiphase Flow in Unconventional Liquids-Rich Reservoirs” at the Annual SPE meeting.

October 4, 2012 – NITEC presents at SPE Eastern Regional Meeting in Lexington, Kentucky 
NITEC presents SPE 161350: “A New Simulation-Based Process to Predict the Impact of Hydraulic Fracture Parameters on EUR: A Tight Gas Field Example” at the Regional SPE meeting.

October 4, 2010 – NITEC presents Bakken work at SPE/AAPG Joint Workshop 
NITEC presents “Integration of Microseismic, Production Data and Numerical Simulation to Evaluate Uncertainties in Unconventional Reservoirs. What is the Impact on Estimated Ultimate Recovery?” at Vail, CO workshop on Naturally Fractured Reservoirs. Click here to download.

September 27, 2010 – NITEC notified of DOE Project award 
NITEC notified of DOE’s acceptance of its proposal “A Full-Featured, User Friendly CO2-EOR and Sequestration Planning Software”. DOE award announcement: http://www.fossil.energy.gov/news/techlines/2010/10047-Projects_Selected_to_Boost_Unconve.html .

October 1, 2009 – David Shaw joins NITEC
 David Shaw has joined the management team as Manager of Operations in our Houston office. David has over 25 years of technical and managerial experience in the application of advanced technology and IT concepts to the energy industry worldwide.  He has held a wide variety of research, development, consulting, and management positions in the oil and gas industry.  He has recently held positions with Knowledge Reservoir and Catalyst in consulting; and Metso Energy Automation as Manager for Europe and Middle East.  NITEC has a growing business in Houston, and we are committed to developing our presence there. David will be central to our strategic plans to build and expand our services in the area.

November 17, 2008 – Orkhan Pashayev joins Nitec 
Orkhan Pashayev joins NITEC as a Reservoir Engineer. Orkhan has over 5 years of industry experience in reservoir modeling, reservoir management and field development. Prior to joining NITEC, he was employed by BP and Halliburton in Baku, Anchorage and Sunbury.

May 14, 2007 — Arjun Bathija joins NITEC
Arjun Bathija joins NITEC as Reservoir Engineer. Arjun has over 8 years of industry experience in reservoir modeling and software development. He has an extensive background in geostatistics and the associated modeling of reservoir properties affecting fluid flow. Previously, he was employed by Veritas DGC and RC Squared.

November 1, 2006 — LYNX (x64) Released
NITEC is pleased to announce the availability of LYNX on the Microsoft Windows XP Professional x64 Edition. As well as the 64-bit versions of Windows Server 2003 editions including Compute Cluster Server 2003. This version removes the 2GB memory limit encountered by users with extremely large reservoir simulation studies when running the 32-bit version of LYNX.

September 1, 2006 — Mark Munoz joins NITEC
Mark Munoz joins NITEC as Reservoir Engineering Manager. Mark has over 27 years of reservoir engineering, reservoir simulation consulting experience. He has managed and conducted reservoir studies throughout the world. Most recently he was Senior Reservoir Engineering Advisor for Occidental of Elk Hills.

July 27, 2006 — NITEC presents at Bakersfield, SPE General Section Meeting
NITEC presents “Soft Computing Algorithms Accelerate and Improve the History Matching Process: Elk Hills, 29R Reservoir” at Bakersfield, SPE General Section Meeting.

June 1, 2006 — Philip Winterfeld joins NITEC
Philip Winterfeld joins NITEC as Reservoir Engineer. Philip has over 25 years of industry experience in reservoir simulation development and applications. He has been involved in the development of numerous numerical simulation techniques. He spent over 18 years with Marathon Oil at their Littleton research facility.

May 8, 2006 — NITEC presents at joint SPE/AAPG/GSA Western Regional meeting in Anchorage, Alaska
NITEC presents “Soft Computing Algorithms Accelerate and Improve the History Matching Process: Elk Hills, 29R Reservoir” at joint SPE/AAPG/GSA Western Regional meeting in Anchorage, Alaska.

April 16, 2005 — NITEC LLC HAS MOVED
NITEC is pleased to announce the relocation of its offices to new facilities. We have moved to a larger office in the same building. We are now located on the 14th floor at 475 17th Street, Denver, CO. All phone numbers and e-mail addresses are the same.

January 24, 2005 — NITEC LLC (Denver, CO) acquires SSI group from Baker Hughes
NITEC LLC ( 475 17th Street , Denver , CO ) announces the acquisition of the former Scientific Software-Intercomp consulting services group from the Baker Atlas division of Baker Hughes Incorporated (Houston , TX). In addition to assets and personnel, a number of active contracts for services in the Arab Gulf region were acquired. Bill Savage, NITEC Director, stated “this acquisition of a highly technical group of people and significant future work commitments is a major step in expanding NITEC’s international services.”

NITEC LLC has provided reservoir engineering, simulation and software development services to the international oil and gas industry since 1995. (www.NITECLLC.com)

Baker Hughes is a leading provider of drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry. The Baker Atlas division of Baker Hughes provides well logging and data analysis for drilling, production, and reservoir management.