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May 23, 2015 9:29 AM ET

Energy Equipment and Services

Company Overview of MicroSeismic, Inc.

Company Overview

MicroSeismic, Inc. operates as an oilfield services company. It offers services in the areas of completions evaluation, hydraulic fracture monitoring and mapping, seismicity monitoring, reservoir monitoring, real-time analysis, surface monitoring, permanent near-surface monitoring, and downhole monitoring aspects to oil and gas companies in the United States and internationally. MicroSeismic, Inc. has a strategic partnership with PanAmerican Geophysical Company Limited. The company was founded in 2003 and is based in Houston, Texas.

10777 Westheimer

Suite 500

Houston, TX 77042

United States

Founded in 2003

Phone:

713-781-2323

Fax:

713-781-2326

Key Executives for MicroSeismic, Inc.

Chief Executive Officer, President and Director
Age: 46
Founder and Co-Chairman
Age: 61
Co-Founder and Vice President of Business Development
Chief Financial Officer
Chief Technology Officer
Compensation as of Fiscal Year 2014.

MicroSeismic, Inc. Key Developments

MicroSeismic Announces AlertArray(TM)

MicroSeismic, Inc. announced the release of its newest technology, AlertArray™, a real-time seismicity network which offers operators a single solution alternative to monitor seismicity during hydraulic fracturing and fluid injection operations. The AlertArray is capable of providing high-resolution event locations for various event types and magnitudes to establish a baseline for naturally occurring seismicity, prior to injection activities. The unique network for seismicity monitoring allows operators to improve field operations and mitigate risk, cost effectively. Additionally, AlertArray can be augmented with additional recording stations to allow operators to evaluate the performance of hydraulic fracturing completions while maintaining the ability to effectively pinpoint the safety of subsurface treatment activities in real-time and through the life of the asset. The system is offered globally and is compliant with specific regional mandates. MicroSeismic’s AlertArray is a hybrid network, utilizing the BuriedArray® system combined with seismometers to provide the best possible detection, location and magnitude recovery; and is capable of spanning more than 10,000 square miles. AlertArray is capable of operating around the clock and can be installed on a shared field, field-wide, or individual basis.

MicroSeismic, Inc. Announces Management Changes

MicroSeismic, Inc. announced that Rick Luke has been appointed the company's new Chief Financial Officer (CFO). Rick succeeds Ron Mogul in this position, who retired this year. Rick has spent more than 30 years in the oil and gas industry and over 10 years in the role of CFO. He comes to MicroSeismic from Seismic Equipment Solutions (SES) where he was instrumental in expanding the company into marine seismic through acquisition and increasing company revenue by three times.

MicroSeismic, Inc. Releases PermIndex, a Proprietary Microseismic-Based Permeability Tool to Maximize Recovery

MicroSeismic, Inc. announced the release of PermIndex(TM), a proprietary microseismic-based permeability tool to maximize recovery. PermIndex provides permeability estimates for each frac stage and data-driven constraints to reservoir simulation to help operators improve production forecasting and estimated ultimate recovery (EUR). PermIndex provides estimates of bulk permeability using the radial pressure fronts of microseismic events during hydraulic fracturing to calculate effective system permeability. The new Permeability Scalar and Production Productivity Log are included in the PermIndex service and both are available on a stage-by-stage basis. Permeability is one of the most important parameters, and yet one of the most difficult to obtain, for reservoir simulation history matching and computation of effective drainage volume. The Permeability Scalar captures the fracture intensity at any given point in space, providing a realistic estimate of variations in system permeability in the volume impacted by the hydraulic fracturing process. The Production Productivity Log, combined with Permeability Scalar, allows the reservoir engineer to quickly and accurately achieve history matching with estimation of drainage volume and EUR.

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