TGS, a leading provider of multiclient geoscience data for E&P companies, on Aug. 12 announced a new multiclient U.S. onshore 3D seismic survey within the Powder River Basin called Voyager 3D.
![TGS](/sites/default/files/inline-images/TGS_Voyager-3D%20PRB.png)
Voyager 3D, located in Johnson County, Wyoming, will encompass approximately 555 sq km. The high-resolution survey is ideally situated in the high potential trend to the north of the basin, where the prospective stratigraphic section of stacked reservoirs exceeds 5,000 feet in thickness. Unconventional targets include two world-class source rocks, the Niobrara and Mowry, along with numerous historically productive formations including the upper and lower cretaceous sandstones and the Pennsylvanian, that are now being exploited successfully with unconventional technologies.
Permitting activities will commence this year with recording of data expected to complete in December 2021 and final products available in second-quarter 2022. The data will be processed by TGS utilizing its modern onshore imaging technology to provide clients with greater reservoir understanding. The Voyager 3D survey is complemented by TGS’ extensive geologic products, which include a fully interpreted regional basin stratigraphic model that is analytics-ready, derived from a vast library of high-quality well data. More than 41,000 LAS logs, 38,700 ARLAS, and over 145,000 raster logs are immediately available for the Powder River Basin.
“While we are being very selective with respect to new onshore investments in the market, the Voyager 3D project is a good example of a project that checks all boxes with respect to the geology, activity, economics and customer support. This project, which is our second in the Powder River Basin, will allow our customers to de-risk their development activities, helping them to generate value in a challenging market,” Kristian Johansen, CEO at TGS, said.
This project is supported by industry funding.
Recommended Reading
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.
The Private Equity Puzzle: Rebuilding Portfolios After M&A Craze
2025-01-28 - In the Haynesville, Delaware and Utica, Post Oak Energy Capital is supporting companies determined to make a profitable footprint.
Artificial Lift Firm Flowco Seeks ~$2B Valuation with IPO
2025-01-07 - U.S. artificial lift services provider Flowco Holdings is planning an IPO that could value the company at about $2 billion, according to regulatory filings.
Plains All American Prices First M&A Bond of Year
2025-01-13 - U.S. integrated midstream infrastructure company Plains All American Pipeline on Jan. 13 priced a $1 billion investment-grade bond offering, the year's first to finance an acquisition.
EnLink Investors Vote in Favor of ONEOK Buyout
2025-01-30 - Holders of EnLink units voted in favor of ONEOK’s $4.3 billion acquisition of the stock, ONEOK announced Jan. 30.