Quantcast
 
Read Larry Connors' blogShort Term Trading Strategies


 

SMT Announces the Release of KINGDOM 8.5 With the New KINGDOM GeoModeling

Mon. October 26, 2009; Posted: 08:15 AM
Stocks RSS
HOUSTON, TX, Oct 26, 2009 (MARKETWIRE via COMTEX) -- BHI | Quote | Chart | News | PowerRating -- SEG International Exposition and Annual Meeting - SMT, the market leader for geoscientific interpretation software, today announced the release of KINGDOM 8.5. The upcoming release includes the new product introduction of KINGDOM GeoModeling, which is the first modular extension of SMT's KINGDOM Advanced product line announced earlier this year.

KINGDOM GeoModeling allows organizations to conduct integrated interpretation and 3D geocellular modeling in a single product. Integrating these two workflows enables interpreters and modelers to share the same workspace during prospect evaluation. This process improvement increases productivity and reduces the time needed to generate and evaluate prospects in more detail and with greater accuracy.

Commenting on the announcement, Stan Abele, VP of Product Management, SMT, said, "KINGDOM GeoModeling is another example of SMT's on-going focus to bring advanced workflows to every desktop. With SMT's new GeoModeling, generalist interpreters can now do what was previously the domain of only specialists -- interpreters can create sealed earth models, conduct volumetric analyses and estimate reserves."

KINGDOM GeoModeling incorporates patented 3D gridding technology from JewelSuite, a leading provider of powerful, easy to use, Windows-based reservoir modeling software. Unlike older gridding technologies, the 2nd generation JewelSuite 3D gridding capability allows complex structural environments to be modeled without compromising the integrity and accuracy of the original structural interpretation. With the incorporation of JewelSuite gridding technology into KINGDOM GeoModeling, SMT now offers best of breed in both interpretation and 3D geocellular modeling in a single, fully integrated product.

"Using the JewelSuite software, our consulting teams -- including Gaffney, Cline & Associates, RDS, Epic Consulting , and GMI -- will be better able to provide the most effective integrated solutions for the most complex reservoirs and development options," said Nathan Meehan, vice president, Reservoir Technology, Baker Hughes (NYSE: BHI).

KINGDOM 8.5 also has numerous enhancements available to customers of the KINGDOM Core product line. Most significantly, KINGDOM Data Management 8.5 is replacing the current OpenKINGDOM Domain product. This update maintains the historical features of OpenKINGDOM while providing a platform for new functionality. New features include the ability to transfer data between KINGDOM projects, which allow users to easily select data and create project subsets, or combine data from multiple projects. Customers can now run QC scripts against KINGDOM projects to check for erroneous results and correct them directly in the interface. In addition, there are many ease-of-use enhancements that make the interface more workflow oriented. Customers who have purchased OpenKINGDOM Domain will receive KINGDOM Data Management as part of their standard maintenance.

Other capabilities in the new release include the ability to save and restore maps, create and apply display templates for all vertical sections, and improvements in the auto tracker. A full list can be seen at SMT's SEG exhibition booth #2043 or at www.seismicmicro.com/whatsnew. The new release is being previewed in demonstrations and during theatre presentations during the SEG.

KINGDOM 8.5 is expected to be available in late Q4, 2009.

About SMT

Seismic Micro-Technology, the market leader for geoscience software, helps organizations find oil and gas faster. The company's KINGDOM software allows geoscientists to focus on the analysis, not on managing the tools. SMT software enables intuitive interpretation, 3D modeling, analysis and data management, in one integrated executable. Customers can install and interpret data in the same day. With 2,700 customers in 95 nations, SMT has demonstrated performance proven to scale. SMT is headquartered in Houston, Texas with offices in Abu Dhabi, Calgary, Croydon (UK), Moscow and Singapore. For more information, visit www.seismicmicro.com.

Contact:
Pamela Griffin
GriffinGlobal for SMT
+1 713-444-6409
Email Contact


SOURCE: SMT

http://www2.marketwire.com/mw/emailprcntct?id=580102F5052870E8
For full details on Baker Hughes Inc (BHI) click here. Baker Hughes Inc (BHI) has Short Term PowerRatings of 6. Details on Baker Hughes Inc (BHI) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [BHI]
  UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.