Mines News

Release Date Thursday, October 20, 2016

Oilfield Services Giant Baker Hughes Donates $1.8M in Industry Software

From left to right, Ron Jeitz, SD Mines Foundation officer; Eric Sullivan, Baker Hughes Inc. senior technical advisor, research & development; Heather Wilson, president, SD Mines; Scott Schmidt, Mines alumnus and Baker Hughes vice president, Drill Bits; Laurie Anderson, Ph.D., head of SD Mines Department of Geology & Geological Engineering; Rustom Mody, Baker Hughes vice president, Technical Excellence.

RAPID CITY, S.D. (Oct. 20, 2016) – Baker Hughes Incorporated, an international oilfield services company, has donated industry-grade reservoir performance software valued at $1.8 million to the South Dakota School of Mines & Technology to help train students for careers in the petroleum industry.

The gift was announced this morning during a presentation on the South Dakota School of Mines campus attended by Baker Hughes executives. With 36,000 employees in 80 countries, Houston-based Baker Hughes develops next-generation technology to help oil and gas operators get the most from their reservoirs.

Baker Hughes donated JewelSuite™ software for geologic modeling, reservoir engineering, 3D and 4D geomechanics, and wellbore stability, MFrac™ and MShale™ software packages for fracture modeling and design, and Completion ArchiTEX™ (CTX) software for completions design. The software will be used in geology and geological engineering classes, including drilling and production engineering, petroleum geology, the petroleum field camp and a new geomechanics course to help develop Mines students as future industry leaders.

In recent years, 20 percent of Mines graduates have gone on to careers in the energy industry, and Baker Hughes has been the fifth-highest employer of Mines graduates for the past five years.

The new software will also support independent student research projects. 

South Dakota Mines offers bachelor’s, master’s and doctoral degrees in geological engineering and geology, as well as a minor and a certificate in petroleum systems.

"This generous gift from Baker Hughes will help our students be better prepared when they join the professional workforce. It's the kind of gift that enhances several of our courses while keeping the cost of college down," said South Dakota Mines President Heather Wilson.

Baker Hughes executives Scott Schmidt, vice president, Drill Bits, and Rustom Mody, vice president, Technical Excellence, visited with students today during a campus reception and presentation focusing on the company’s commitment to ensuring a pipeline of trained, competent candidates enter the industry.

“We are proud to partner with a university that has taken such an active role in developing the next generation of innovators for the oil and gas industry,” Mody said. We believe real-world experience is invaluable when entering the workforce, and we hope our software donation will help more students gain that experience.”

South Dakota School of Mines announced its Energy Resources Initiative three years ago to leverage the university’s expertise and research in rock properties, water resources and materials development, as well as its location in an energy-rich region of the country, within 300 miles of the Williston, Denver and Powder River basins. 

Since then, SD Mines has added a Petroleum Systems Minor and a Petroleum Systems Graduate Certificate for working professionals and is in the process of hiring a permanent director. 

Initial training for geological engineering faculty members will occur next month, and the software will be used on campus starting in the spring semester.

 

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About SD Mines  

Founded in 1885, the South Dakota School of Mines & Technology is a science and engineering research university located in Rapid City, S.D., offering bachelor’s, master’s and doctoral degrees. The university enrolls 2,778 students with a student-to-faculty ratio of 15:1. The SD School of Mines placement rate for graduates is 97 percent, with an average starting salary of more than $61,300. Find us online at www.sdsmt.edu and on  Facebook, Twitter, LinkedIn, Instagram and Snapchat

Contact: Fran LeFort, (605) 394-6082, Fran.LeFort@sdsmt.edu

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