MicroSeismic, Inc. (MSI), a leading geophysical service company providing 3D passive seismic imaging for energy exploration and production, has been awarded its third contract for its Buried Array microseismic monitoring product. The contract was awarded by Common Resources LLC, a Houston-based exploration and production company that is focused on the domestic onshore basins of the Gulf Coast, West Texas and Mid-Continent regions.
MSI will install the Buried Array for Common Resources in the Haynesville Shale play to provide microseismic monitoring, mapping and analysis for hydraulic fracturing of multiple wells. This will enable Common Resources to monitor the primary, secondary and tertiary activity, in a variety of reservoir conditions, for their Haynesville wells during the next few years.
The system applies MSI's proprietary PSET® analysis to the seismic data collected by MSI's Buried Array as the reservoir undergoes fracture stimulation. The Buried Array is significantly less expensive to install and maintain than a permanently installed downhole array and does not require the repetitive logistics that exist with temporary surface or downhole arrays. An additional cost benefit with the utilization of a Buried Array or a surface array, is the advantage of not requiring dedicated monitoring wells, which are very expensive to drill in the Haynesville and are often negatively impacted by the high temperatures characteristic of the Haynesville.
"The reduction in oil and gas prices is forcing operators to seek more effective, lower cost solutions to optimize their properties. Our clients realize the value of the critical information that can be gained from the microseismic monitoring of their frac jobs with MSI's proprietary technology," said Peter Duncan, Ph.D., CEO of MicroSeismic. "As a result, we are experiencing an increased demand for our buried and surface array technology and monitoring services. The unprecedented increase in demand for passive seismic monitoring from surface and buried arrays reflects a broad market acceptance of the technology."
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