MicroSeismic Buys Reservoir Imaging's U.S. Assets, Expanding Its Downhole Technology

Purchased US assets including Geospace equipment, wireline units and downhole microseismic data acquisition service equipment.

MicroSeismic Inc. said Jan. 23 it has purchased the U.S. assets of Calgary's Reservoir Imaging Inc. (RII).

MicroSeismic officials declined to discuss the purchase price.

The acquisition includes Geospace equipment, wireline units and equipment for downhole microseismic data acquisition services. RII has offices in Houston and operations in the Middle East.

The new downhole acquisition capabilities are complemented by MicroSeismic's high quality downhole EventPick™ processing technology and can be used on a standalone basis or in conjunction with MicroSeismic's industry leading surface microseismic products and services.

This combination will enable MicroSeismic to offer a full suite of completions evaluation services to its customers, allowing them to optimize production through an understanding of the discrete fracture network, estimates of stimulated reservoir volume, and fracture geometry and azimuth.

Additionally, the sale will give RII the ability to channel its efforts elsewhere.

"This allows us to focus on our microseismic operations in Canada as well as our Borehole VSP business across North America and internationally," said Earl Hale, RII CEO.

MicroSeismic, of Houston, is an oilfield services company providing completions evaluation services in 17 countries.