SOURCE: Microseismic, Inc.
HOUSTON, TX--(Marketwire - Jul 31, 2012) - MicroSeismic, Inc. (MicroSeismic) announced today that it has introduced new technology and solutions with its next generations of services. The changes include an upgrade to the patented Passive Seismic Emission Tomography (PSET®) technology, introduction of Seismicity Monitoring services and the MicroSeismic Reservoir Intelligence (MRI) online portal, which will all be available Q3 2012.
"PSET® is a process we have pioneered to locate low energy emissions since we began monitoring hydraulic fracturing in 2003," said Peter Duncan, PhD, Founder and CEO of MicroSeismic. "This upgrade introduces a proprietary technique that increases our ability to detect events, even in low signal quality areas. Together these updates demonstrate our focus on delivering the best services to our customers worldwide."
MicroSeismic has upgraded its passive seismic monitoring, mapping and analysis process, called PSET® 4.0, to provide improved imaging and positioning of events and introduces three new services. PSET® VTI (Vertical Transverse Isotropy) has the ability to estimate and account for anisotropy. PSET® Alert enhances real time capabilities to automatically trigger alerts based on customer defined criteria. And, PSET® Viewer, available online through the MRI portal, which allows customers to rapidly view their microseismic results in a 3D Viewer on their computer or tablet.
"We are excited to roll out the upgraded version of PSET® 4.0 which will allow customers to understand their fracture effectiveness through better imaging, finer calibration and easier access to their information wherever and whenever they need it," stated Michael Thornton, PhD, Chief Technology Officer for MicroSeismic.
Along with the improvements to PSET®, MicroSeismic introduces its Seismicity Monitoring service, based on its proven and proprietary BuriedArray™ technology. Seismicity Monitoring provides customers a means to demonstrate that positive magnitude events which may occur as a result of nearby natural seismicity are unrelated with fracturing or wastewater activity. MicroSeismic's market leading near-surface buried arrays allow for on-going, low cost measurements of seismicity, whether on a single pad, across a township or over a large region.
Seismicity Monitoring is available for purchase immediately. Other services will be rolled out to customers throughout Q3 2012.
MicroSeismic, Inc. is an oilfield services company providing real-time monitoring and mapping of hydraulic fracture operations in unconventional oil and gas plays. Founded in 2003, MicroSeismic is the pioneer in monitoring microseismic activity utilizing surface and near-surface arrays. The company helps oil and gas companies understand how the reservoir responds to stimulation and its impact on customer economics.
For more information visit: www.microseismic.com