This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

ESG Solutions Announces Installation Of New Permanent Microseismic Monitoring System In Southern California

HOUSTON, Jan. 24, 2013 /PRNewswire/ -- ESG Solutions, an industry leader in microseismic technology and services, is pleased to announce the successful installation of a permanent microseismic acquisition system near Bakersfield, California.  The system, consisting of multiple, time-synchronized downhole geophone arrays and surface acquisition units, will be used to monitor hydraulic fracturing and waterflood operations in a diatomite formation.

(Logo: http://photos.prnewswire.com/prnh/20101122/DA06004LOGO)

Diatomite is a low permeability, oil-bearing formation that benefits from enhanced oil recovery methods.  "In these operations, fracturing processes that occur in the reservoir can lead to unexpected movement of the injection fluid and/or hydrocarbon within the reservoir," says Dr. Ted Urbancic, Executive Vice President of Global Energy Services at ESG.  "Understanding these processes using microseismic analysis helps to optimize reservoir treatments and can provide some measure of safety during stimulation."

Operators near Bakersfield are also taking advantage of powerful software tools such as ESG's SeisAlertâ„¢ to provide real-time alerting in the event of abnormal fracture growth, compromised well casing integrity or larger magnitude induced seismicity.   Originally developed for use in the mining industry, SeisAlertâ„¢ continuously evaluates microseismic data against pre-determined thresholds for added surveillance of the reservoir and in the event of abnormal seismicity, automatically dispatches communications notifying operators.

ESG has been monitoring seismicity in California's diatomite for nearly 10 years.  "This most recent installation brings the number of permanent ESG systems in California to over 10," says Urbancic.  "We are pleased that our technology is helping many operators improve completion effectiveness and reservoir management."  With extensive microseismic experience in complex reservoirs such as diatomite, ESG attributes part of its success in the formation to advanced multi-well acquisition and analysis that uniquely provides operators with in-depth assessment of reservoir behaviour during production and/or injection activities.

For more information, please visit our website: www.esgsolutions.com.

About ESG Solutions:

Founded in 1993, ESG Solutions (Engineering Seismology Group or ESG) is the leading provider of innovative microseismic solutions for the oil and gas, mining and geotechnical industries.  ESG helps operators improve safety, optimize production, reduce costs and mitigate risk associated with hydraulic fracturing, thermal enhanced oil recovery, waste-water injections, underground and open-pit mining, natural gas storage, carbon sequestration and geotechnical applications.  ESG is headquartered in Kingston ( Canada), with operations in Calgary, Houston and Changsha, China and sales in Dubai, Denver, Amsterdam and Beijing.  2013 marks ESG's 20 th Anniversary.

SOURCE ESG Solutions

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,686.93 +225.61 1.37%
S&P 500 1,945.53 +18.42 0.96%
NASDAQ 4,428.69 +45.8430 1.05%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs