Michael B. Smith, President of NSI Technologies, a Premier Oilfield Group Company, Receives Society of Petroleum Engineers Highest Hydraulic Fracturing Honor

HOUSTON, Feb. 5, 2018 /PRNewswire/ -- At the Society of Petroleum Engineers (SPE) Hydraulic Fracturing Technical Conference (HFTC), held in The Woodlands, Texas this month, the 2018 Legend of Hydraulic Fracturing Award was presented to Dr. Michael B. Smith in recognition of his significant contributions to the field over a lifetime of work. 2019 Committee Chair, Martin Rylance of BP Exploration, presented the honor, noting Dr. Smith's 40-year professional career where, among many achievements, he co-developed the framework for fracturing pressure analysis, which revolutionized fracturing technology.

Dr. Smith is President of NSI Technologies, a Premier Oilfield Group Company. NSI is a leading petroleum industry software and consulting firm specializing in the design, optimization, and execution of hydraulic fracturing treatments. The company was formed in 1984 by Dr. Ken Nolte and Dr. Michael Smith, who co-developed the Nolte-Smith plot for net treating pressure analysis and the 'G' function for fracturing pressure decline analysis. NSI was acquired by Premier Oilfield Group to incorporate NSI's 3-dimensional fracture simulation software, StimPlan™, with the company's geoscience and reservoir engineering solutions.

"We are very excited to celebrate this honor with Mike," said Premier's CEO, Matt Bell, "Mike's expertise and history of innovation are truly an asset for Premier and its clients."

With a Ph.D. in Rock Mechanics from Rice University, Dr. Smith has more than 40 years' experience in well completions and hydraulic fracturing. During that time, he has contributed to well fracturing operations in 46 countries. Along with worldwide consulting, he has served multiple times as a SPE Distinguished Lecturer, authored multiple chapters in the SPE Monograph on fracturing, and developed and presented SPE short courses on fracturing pressure analysis. Mike is co-author of the acclaimed book Hydraulic Fracturing and recipient of the SPE Lester C. Uren Award for his contributions to hydraulic fracturing technology.

Premier Oilfield Group provides independent reservoir characterization and field development optimization services to service providers and operating companies. NSI supports Premier's mission to help oil and gas companies make better exploration and production decisions by connecting the dots from samples to simulation and solutions.

For more information, please visit www.premieroilfieldlabs.com

CONTACT: Jeremy Viscomi, (785) 760-3640, jeremy.viscomi@premieroilfieldlabs.com

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SOURCE Premier Oilfield Group