Magic Earth Inc.

Last updated
Magic Earth Inc.
IndustryGas and oil
Founded1999;26 years ago (1999) in Houston, USA
FateAcquired by Halliburton
ProductsSpecDecompInteractive
Owner Halliburton

Magic Earth Inc. was a company founded in 1999 in Houston, Texas that was acquired by Halliburton in 2001. After the acquisition, the subsidiary was responsible for virtualization software for the gas and oil drilling industry. [1]

Contents

Overview

In 2001, Halliburton paid $100 million as a stock-for-stock transaction for the acquisition of Magic Earth as a subsidiary, by then headquartered in Houston, Texas. [2] At the time Magic Earth specialized in oil and gas well exploration technology, volume visualization and interpretation solutions developing software called GeoProbe. [3] [4] With the acquisition, Halliburton aimed to combine Magic Earth's software with the data infrastructure of another subsidiary, Landmark Software Solutions. [1]

As of April 2001, Texaco was reported to have a 25% share in Magic Earth. [5]

In 2002 as a subsidiary of Halliburton, Magic Earth released SpecDecompInteractive, a tool for reservoir imaging and interpretation, based on spectral decomposition algorithms developed by British Petroleum. It aids the qualitative analysis of reservoir boundaries, heterogeneities, and thicknesses. [6]

Magic Earth filed a patent in geo-spatial analysis in 2000 (published in 2006) for a system and method to track a physical phenomena represented within a 3D space. [7]

The Kidra visualization center in Stavanger, Norway utilized Magic Earth software that enabled experts to provide work processes for clients in the oil industry. Petrodata, the manager of Petrobank, Norway's oil and gas geological database utilized Magic Earth's Geoprobe tools. [8] [9]

The Magic Earth website started redirecting to the main Landmark Graphics Solution home page sometime in December 2004 until 2006. [10] The domain was then taken over by unrelated navigation software, also named Magic Earth. [11]

References

  1. 1 2 "Halliburton Announces Definitive Agreement to Acquire Magic Earth". Halliburton. 30 April 2001. Retrieved 1 September 2025.
  2. ↑ Antosh, Nelson (13 April 2001). "Halliburton to pay $100 million for Magic Earth". Chron. Retrieved 30 August 2025.
  3. ↑ Jensen, William P. (1 November 2001). "How to stake a claim to your intellectual property". The Leading Edge. 20 (11). doi:10.1190/1.1487255 . Retrieved 2 September 2025.
  4. ↑ "Special Topic: Visualisation software and facilities". First Break. 19 (2): 101–110. 2 February 2001. doi:10.1046/j.1365-2397.2001.00150.x.
  5. ↑ Shirley, Kathy (April 2001). "3-D Theater More Than Gee-Whiz". AAPG Explorer. AAPG. Retrieved 2 September 2025.
  6. ↑ Schmidt, Victor (1 July 2002). "Geoscience". Offshore. Archived from the original on 17 July 2024. Retrieved 2 September 2025.
  7. ↑ United States US 7,006,085 B1,Mark Acosta, Yin Cheung, Jack Lees, Charles Sembroski, Michael Zeitlin,"System and Method for Analyzing and Imaging Three-Dimensional Volume Data Sets",published 28 February 2006, assigned to Magic Earth, Inc.
  8. ↑ "Norway: Door-to-door, seismic visualization". Offshore. 1 April 2002. Retrieved 2 September 2025.
  9. ↑ "GeoProbe Showcased At Forum". Offshore. 4 April 2002. Retrieved 2 September 2025.
  10. ↑ "Magic Earth". Web Archive. Retrieved 2 September 2025.
  11. ↑ "Magic Lane launches navigation platform with more privacy than Google Maps". Techzine. 15 November 2022. Retrieved 30 August 2025.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.