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$4.4 million gift-in-kind

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Monday, February 27, 2012

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Media Contact: Traci Peterson, Office:817-272-9208, Cell:817-521-5494, tpeterso@uta.edu

Global information and analytics provider IHS has granted a software license worth an estimated $4.4 million over three years to UT Arlington’s Department of Earth and Environmental Sciences, giving students and professors access to the latest in petroleum industry technology.

The IHS KINGDOM software is widely used in the petroleum and natural gas industry for seismic interpretation related to exploration and production. The UT Arlington Department of Earth and Environmental Sciences will benefit greatly from the company’s gift, said Pamela Jansma, dean of the UT Arlington College of Science.

"UT Arlington geoscience students, especially those in our petroleum-focused Master of Science program, are the real winners here,” Jansma said. “This is a great tool, and IHS's generosity will insure they'll be experienced in using this critical software when they graduate. "

The American Geological Institute estimated that employment in geoscience-related occupations would grow about 23 percent from 2008 to 2018.

The in-kind agreement for three-year licensing will provide software packages for 25 UT Arlington computers. The University also uses IHS PETRATM, another IHS software product, to interpret well log information. Colorado-based IHS acquired Seismic Micro-Technology, which developed IHS KINGDOM, in 2011.

“The goal of the IHS Educational Gifts program is to put leading-edge geoscience software in the hands of students and faculty for educational and research purposes,” said Bill Stephenson, IHS vice president of sales, Americas. “It also gives them software experience with the tools used in the global energy marketplace.”

William Moulton, a geophysicist with 30 years experience in petroleum exploration and development, teaches seismic interpretation at UT Arlington. He said familiarity with the software is essential.

“Today’s work environment requires managing, interpreting and analyzing these exploration data sets,” he said.

The University of Texas at Arlington is a comprehensive research institution of nearly 33,500 students in the heart of North Texas. Visit www.uta.edu to learn more.

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The University of Texas at Arlington is an Equal Opportunity and Affirmative Action employer.