Jaxon Caines, technology reporter, Hart Energy: Rock Flow Dynamics is a well-known reservoir simulation company and home of the t-navigator. And after COVID, downturns and other things in the industry, the industry is finally coming out of a slump. So how is the company changing from this last year? Find out in this Tech Trends with Hart Energy LIVE.
Vasilii Shelkov, co-founder and CEO, Rock Flow Dynamics: During COVID and all the downturn, we continued to hire people. We grew probably to about 200 developers. We have to follow [the] general trend in the industry. So not only concentrate on oil and gas extraction and develop static modeling, but also on newest trends as net zero. People also like to move calculations to cloud.
JC: What are some of the things you guys are investing your tech dollars in today?
VS: We would like to be faster. We need to be the smartest tool on the market. We would like to present a solution for engineers, geologists, geoscientists. So one-stop kind of software toolkit for everybody. So combining the surface network, static dynamic modeling, so creating [a] more integrated picture about what's going on underground and also above the ground.
JC: Every Tuesday we drill into the tech that fuels the oil patch. Be the first to watch our E&P Tech Trends and our E&P weekly newsletter. Sign up at hartenergy.com/ep.
Recommended Reading
E&Ps Posting Big Dean Wells at Midland’s Martin-Howard Border
2025-04-13 - Diamondback Energy, SM Energy and Occidental Petroleum are adding Dean laterals to multi-well developments south of the Dean play’s hotspot in southern Dawson County, according to Texas Railroad Commission data.
On The Market This Week (April 7, 2025)
2025-04-11 - Here is a roundup of marketed oil and gas leaseholds in the Permian, Uinta, Haynesville and Niobrara from select E&Ps for the week of April 7, 2025.
US Oil Rig Count Falls by Most in a Week Since June 2023
2025-04-11 - The oil and gas rig count fell by seven to 583 in the week to April 11. Baker Hughes said this week's decline puts the total rig count down 34 rigs, or 6% below this time last year.
IOG, Elevation Resources to Jointly Develop Permian Wells
2025-04-10 - IOG Resources and Elevation Resources’ partnership will focus on drilling 10 horizontal Barnett wells in the Permian’s Andrews County, Texas.
Saudi Aramco Discovers 14 Minor Oil, Gas Reservoirs
2025-04-10 - Saudi Aramco’s discoveries in the eastern region and Empty Quarter totaled about 8,200 bbl/d.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.