This Day On The Street
Continue to site
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

Global Geophysical Services Wins Hart's E&P Meritorious Award

HOUSTON, April 23, 2013 (GLOBE NEWSWIRE) -- Global Geophysical Services, Inc. (NYSE:GGS) has been awarded the 2013 E&P Special Meritorious Award for Engineering Innovation for its AutoSeis HDR-1C breakthrough nodal technology. The award will be presented to Ralph Muse at the Hart's DUG Bakken Conference in Denver, CO May 29, 2013. In addition to this award, the AutoSeis® HDR-1C will be featured in the May issue of E&P.

Ralph Muse is an industry expert on wireless data communication. He founded RDSeismic LLC in 2008 and it was acquired by Global Geophysical Services in November of 2010 and renamed to AutoSeis Inc. "At the time Global Geophysical had recent experiences with three other wireless seismic systems," Muse says. "They realized it made sense to own their own supplier, have their own technology, and customize it to the specifications developed by experience in the field."

The simplicity and cost effectiveness of AutoSeis has encouraged the rapid adoption of this nodal system by Global's E&P clientele worldwide. With 100% conversion to the AutoSeis nodal systems, Global's field crews have experienced a breakthrough in their performance, with projects consistently producing better data, ahead of schedule.

Tom Fleure, Global's VP of Geophysical Technology, said, "The reliability of this system has resulted in significant performance gains in terms of crew productivity. Also, the autonomous nodal concept has opened up survey design possibilities that are impractical with conventional cabled or radio telemetry systems. This nodal technology has created unlimited channel capacity; the survey design possibilities are truly limitless."

The Hart's Meritorious Award for Engineering Achievement, established in 1971, honors the world's best new technologies and techniques for finding, drilling and producing oil and gas wells. The receipt of a meritorious engineering achievement award marks a company as a technology leader in the upstream oil and gas industry. Entries are judged by a panel of globally recognized industry experts on their innovation of concept or design; their ability to solve a real, practical oilfield problem; and their potential for improving profitability, safety or efficiency.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs