Patent Granted for MicroSeismic's PSET Technology
MicroSeismic has been granted a patent by the United States Patent and Trademark Office for its Passive Seismic Emission Technology (PSET ) service.
PSET® is a passive seismic monitoring, mapping and analysis process invented by MicroSeismic. It is coupled with MicroSeismic's FracStar® array and its Buried Array product, which utilize geophones to locate very low level acoustic energy emissions associated with hydrocarbon producing activities.
"Receiving the patent for our PSET® technology is a significant accomplishment for MicroSeismic and one that we are extremely proud of," said Peter Duncan, Ph.D., Founder and CEO of MicroSeismic. "This is an important step for MicroSeismic as we have now received recognition and protection for our core technology, one which enables us to identify 'real' microseismic signals in the presence of otherwise overwhelming noise. It is a key differentiator for our company as it provides unique microseismic processing and analysis capabilities not offered by any other company. PSET® raises the bar in the reservoir and frac monitoring industry."
With its PSET® technology, MicroSeismic is able to provide services such as hydraulically induced fracture mapping, the delineation of reservoir-scale faults or reservoir discontinuities, the identification of areas of reservoir compaction, injected fluid front monitoring as well as continuous reservoir monitoring. It provides an understanding of the heterogeneity of the reservoir and the geological or reservoir conditions from which hydrocarbons are being extracted which in turn enables operators to make better informed decisions in their production and hydraulic frac programs.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- UK Oil Regulator Publishes New Emissions Reduction Plan
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- PetroChina Posts Higher Annual Profit on Higher Production
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- McDermott Settles Reficar Dispute
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
- Equinor Makes Discovery in North Sea