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Altira Closes New Fund

Altira Group ("Altira") is pleased to announce the final closing of Altira Technology Fund VI LP ("Fund VI") in a partnership with a select group of US super independent oil and gas companies and private institutional investors with deep energy backgrounds. Fund VI was formed with a strategy of actively collaborating with oil and gas companies as investment partners. With approximately $30 billion in combined annual capital spend, Altira's industry partners will help validate products and services, and serve as prospective customers for the fund's portfolio companies.

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October 14, 2014 Microseismic Appoints Rick Luke as New Chief Financial Officer
 

HOUSTON, TEXAS – October 14, 2014: MicroSeismic, Inc. (MicroSeismic) announced today that Rick Luke has been appointed the company’s new Chief Financial Officer (CFO). Rick succeeds Ron Mogel in this position, who retired this year.

Rick has spent more than 30 years in the oil and gas industry and over 10 years in the role of CFO. He comes to MicroSeismic from Seismic Equipment Solutions (SES) where he was instrumental in expanding the company into marine seismic through acquisition and increasing company revenue by three times. Prior to SES, Rick was CFO for Well Dynamics which enjoyed 10 fold growth in revenue during his tenure including several acquisitions. Rick has also held both domestic and international positions with Halliburton, serving as Vice President Europe/Africa for three years. Throughout his career, Rick has led organizations through aggressive organic growth, complemented by significant mergers and acquisitions. [read more]


October 9, 2014 Microseismic Announces Release of PermIndex - Stage by Stage Reservoir Management
 

HOUSTON, TEXAS – October 9, 2014: MicroSeismic, Inc. (MicroSeismic) announced today the release of PermIndex™, a proprietary microseismic-based permeability tool to maximize recovery. PermIndex provides permeability estimates for each frac stage and data-driven constraints to reservoir simulation to help operators improve production forecasting and estimated ultimate recovery (EUR). [read more]


September 30, 2014 Microseismic Inc. and Pan American Geoservices Limited Announce Exclusive Partnership
 

HOUSTON, TEXAS – September 30, 2014: MicroSeismic, Inc. (MicroSeismic) and PanAmerican Geophysical Company Limited (PanAmerican) announced today that they have entered into a partnership to jointly provide microseismic monitoring services in select geographical areas.

The partnership will initially focus on Latin America and Canada with subsequent expansion planned for other international locations. The joint services will combine PanAmerican’s substantial surface seismic capacity and expertise with MicroSeismic’s advanced Hydraulic Fracture Monitoring (HFM) and Completions Evaluation and Optimization Services. [read more]


August 25, 2014 MicroSeismic Announces FracRx - Stage-by-Stage Completions Optimization
 

HOUSTON, TEXAS – August 26, 2014: MicroSeismic, Inc. (MicroSeismic) announced today the release of its latest technology, FracRx™, a proprietary service which allows operators to increase asset values by optimizing the treatment of each well.

The FracRx service integrates microseismic data with an operator’s pump and geological data to track the growth of the fracture network in all directions and determine how the cumulative fracture area grows with injected fluid volume. This near real-time analysis allows for improved stage coverage, treatment efficiency, and ultimate recovery to increase production. In addition, information gleaned from FracRx during a treatment helps operators to optimize stage length and treatment design on subsequent wells.
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August 5, 2014 MicroSeismic Releases Advanced Real-Time Analysis Technologies
 

HOUSTON, TEXAS – August 5, 2014: MicroSeismic, Inc. (MicroSeismic) announced today that it has released new technologies to allow for Advanced Real-time Analysis. As the leader in real-time microseismic imaging, the Company has enhanced its capabilities to give clients the opportunity to make critical adjustments at the well site in order to optimize production and reduce costs.

The new technologies include Automatic Moment Tensor Inversion (Auto MTI), which enables more accurate source mechanisms, on every event, in real-time; Event Editing which is a machine-learning software that locates more microseismic events more accurately; and Anisotropic Calibration which allows for faster and more accurate event locations by utilizing advanced seismic anisotropy techniques. [read more]


July 15, 2014 MicroSeismic Awarded Contract from RSP Permian
 

HOUSTON, TX – July 15, 2014: MicroSeismic, Inc. (MicroSeismic) announced today that it has been awarded a large contract for hydraulic fracture monitoring services for RSP Permian (RSP) (NYSE: RSPP). MicroSeismic will provide its integrated analysis and leading technology for combined acquisition services of surface and downhole in the Midland Basin.

“RSP has a strong focus on maximizing returns for its shareholders,” said Zane W. Arrott, RSP’s Chief Operating Officer. “The combined Downhole and surface FracStar™ technology from MicroSeismic will help us keep vertical containment in our stacked plays, determine optimal well spacing, and better understand the geology in which we’re operating—all factors that will allow us to enhance production.”
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