ESG Solutions, a supplier of microseismic monitoring technology and analysis solutions to customers in the oil and gas and mining sectors, has acquired Spectraseis, which provides surface-based seismic technology and services for hydraulic fracture monitoring (HFM) and induced seismicity monitoring (ISM), through its parent organization, Spectris plc.
Spectraseis will be integrated into ESG, and will result in a combined expertise in downhole and surface-based microseismic technology, services, and advanced data analysis.
Specializing in advanced multi-array downhole acquisition and analysis, ESG has experienced growth in recent years fueled primarily through its FRACMAP, HYBRID, and SMTI Production Suite offerings. Complementing ESG's existing offerings, Spectraseis's surface-based seismic services and ISM networks are supported by an array of patented methods designed to maximize value from the data and help clients perform their operations in a responsible manner.
Brad Birkelo, executive vice president of surface and ISM applications, commented that both companies seek to provide solutions for operators who rely on microseismic to better understand reservoir behavior, optimize production, and enhance stimulation success. In particular, he said, the companies share a focus on collection and analysis of full waveform seismic data including critical shear wave information, which results in a greater understanding of reservoir processes, and, in turn, maximizes value to clients.
Ken Arnold will lead the management team of the combined organization.