Jennifer Pallanich, senior technology editor, Hart Energy: For the past two decades, this company has monitored 50,000 frac stages and is now repurposing their oil and gas technology into new markets. This is Tech Trends at URTeC with Hart Energy LIVE.
Charlie Stevens, VP of sales, MicroSeismic: Mostly these days we're involved in pad situations or cube drilling where it's multi-bench. And so pretty much every time you complete a well, you're going to have a frack driven interaction, and they can be very harmful. So most of our time is spent working with customers to create pressure regimes and treatment order to mitigate that interaction and optimize production. And interestingly enough, we found that just by simply changing the order that you complete these wells, which costs next to nothing, you can really, really get great production improvements.
JP: Tell me about the DOE grant that MicroSeismic has received for a CO2 sequestration project.
Gary Hargraves, president, COO, MicroSeismic: It's actually three DOE awards that we've won.
JP: Three!
GH: Yes—Three. So this is a phase two for an autonomous continuous monitoring project for CO2 sequestration and storage. It's very unique in the industry, and we feel really strong and competent on the project that we're looking to have start this fall.
JP: Learn about the latest Tech Trends hartenergy.com/ep.
Recommended Reading
CPP Wants to Invest Another $12.5B into Oil, Gas
2025-03-26 - The Canada Pension Plan’s CPP Investments is looking for more oil and gas stories—in addition to renewable and other energies.
More Players, More Dry Powder—So Where are the Deals?
2025-03-24 - Bankers are back and ready to invest in the oil and gas space, but assets for sale remain few and far between, lenders say.
Murphy Shares Drop on 4Q Miss, but ’25 Plans Show Promise
2025-02-02 - Murphy Oil’s fourth-quarter 2024 output missed analysts’ expectations, but analysts see upside with a robust Eagle Ford Shale drilling program and the international E&P’s discovery offshore Vietnam.
Not Sweating DeepSeek: Exxon, Chevron Plow Ahead on Data Center Power
2025-02-02 - The launch of the energy-efficient DeepSeek chatbot roiled tech and power markets in late January. But supermajors Exxon Mobil and Chevron continue to field intense demand for data-center power supply, driven by AI technology customers.
Utica Oil’s Infinity IPO Values its Play at $48,000 per Boe/d
2025-01-30 - Private-equity-backed Infinity Natural Resources’ IPO pricing on Jan. 30 gives a first look into market valuation for Ohio’s new tight-oil Utica play. Public trading is to begin the morning of Jan. 31.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.