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MicroSeismic, Inc. to Install BuriedArray for Husky Energy, Inc.

Date: 03/21/2013

Company: MicroSeismic

Source: MarketWire

CALGARY, AB–(Marketwire – Mar 21, 2013) – MicroSeismic, Inc. (MicroSeismic) announced today that it has been awarded a contract to install its 40th BuriedArray™ microseismic monitoring program. MicroSeismic will install the array, which will provide microseismic monitoring, mapping and analysis for hydraulic fracturing for Husky Energy, Inc.’s (TSX: HSE) field development program. This will enable them to improve recovery efforts in a variety of reservoir conditions for their wells.

“This is another milestone for MicroSeismic as we celebrate our tenth year in business,” said Peter Duncan, Ph.D., Founder and CEO of MicroSeismic. “We were the first to commercialize near surface microseismic acquisition in 2009 with the BuriedArray. The rapid adoption of the solution by customers helps demonstrate its value. It is an excellent solution for companies who want to cost effectively improve field development plans and not extrapolate from single well results. We are pleased to work with Husky to assist them in achieving their production goals.”

MicroSeismic’s BuriedArray data acquisition service deploys a permanent array of geophone strings installed in the near surface and can monitor areas of more than 500 square miles. BuriedArray monitoring service uses patented PSET® technology to provide results that show how fractures are propagating during the well treatment. In addition, by determining source mechanisms, PSET processing provides a greater understanding of the effectiveness of the stimulation treatment.

Read full story at MarketWire

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