MicroSeismic, Inc has purchased the US assets of Reservoir Imaging Inc. (RII). The acquisition includes Geospace equipment, wireline units, and equipment for downhole microseismic data acquisition services.
“I am pleased to announce the sale of our US downhole equipment to MicroSeismic and to continue to build the relationship we have forged with them,” said Earl Hale, CEO of RII. “This allows us to focus on our microseismic operations in Canada as well as our Borehole VSP business across North America and internationally.”
The new downhole acquisition capabilities are complemented by MicroSeismic’s high quality downhole EventPick™ processing technology and can be used on a standalone basis or in conjunction with MicroSeismic’s industry leading surface microseismic products and services. This combination enables MicroSeismic to offer a full suite of completions evaluation services to its customers, allowing them to optimize production through an understanding of the discrete fracture network, estimates of stimulated reservoir volume, and fracture geometry and azimuth.
“This acquisition is a perfect complement to our current services. We will take our expertise as the leader in surface microseismic monitoring and apply it to become the technical leader in downhole services,” stated Terry Jbeili, Chief Operating Officer for MicroSeismic. “This added value will provide our clients the same high quality, reliable results they have come to expect from MicroSeismic.”