Microseismic, Inc. the world leader in passive seismic data acquisition and analysis announced today that it has entered into a strategic alliance with Crest Energy Service Corporation of Houston Texas. Under the terms of the agreement, Crest (which partners with Vantage Geophysical Corp. in providing geophysical services) will take ownership of MSI’s wireline vehicles and all associated equipment related to downhole seismic acquisition. Crest Energy Services will continue to acquire downhole microseismic data as part of the MSI suite of services under MSI’s supervision. Crest will also use the equipment for its proprietary VSP and other related downhole seismic services. Peter Duncan, President and CEO of Microseismic, Inc. said,” We are very pleased to align ourselves with Crest and Vantage Geo. They have an established reputation for quality seismic services. Their ability to deploy the equipment in a range of project types will increase the duty cycle of equipment utilization and allow for a more consistent and cost-effective maintenance cycle ensuring that we have the best array of kit to offer to our clients.” Robert Beal, President of Crest Energy Services added “ We are very pleased to align ourselves with MSI whose reputation for quality geophysics resonates with our core values. We are also excited about the expanded project opportunities the acquisition of this equipment will make available to us.”
Category: MicroSeismic Press Releases