4th Wave Imaging Opens Houston Office

4th Wave Imaging opens a Houston office with the appointment of Dr. William E. (Bill) Hottman as Director of Sales and Marketing. According to President/CEO David Lumley, "Houston is a natural location to expand our growing service business in the petroleum sector for 4D seismic monitoring and multicomponent imaging of oil and gas reservoirs. With the addition of Bill to the 4th Wave Imaging team, our new Houston presence will allow us to better serve our petroleum industry customers with projects both in North America and overseas."

Bill Hottman brings more than 25 years of global experience from past assignments with Shell Oil and Halliburton Energy Services. Most recently, he was Technology Director, Asset Performance at Landmark Graphics. He was responsible for identification of new opportunities from emerging technologies and management of third party technology relationships. His expertise in petroleum asset management and business development in the E&P sector will be a tremendous asset in 4th Wave Imaging's growth. Bill has a Ph.D. in Geological Oceanography from Texas A&M University.

4th Wave Imaging's advanced seismic imaging technology is focused on practical, accurate methods of characterizing and monitoring oil and gas production from petroleum reservoirs, especially in fields that are extremely capital intensive. 4D seismic can dramatically lower the economic risks and increase the ultimate recovery efficiency of hydrocarbon production in these fields. 4th Wave Imaging works with major clients around the world, including the North Sea and offshore Brazil, to identify drilling opportunities to recover bypassed hydrocarbons.

4th Wave Imaging's technology has also been utilized in oilfield thermal recovery projects in California and Canada, and to monitor carbon dioxide (CO2) injection for both enhanced oil recovery (EOR) and environmental disposal. 4th Wave is working with the U.S. DOE National Energy Technology Laboratory on the behavior of CO2 when stored underground to reduce greenhouse gas emissions.