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MicroSeismic Announces New Leadership

Date: 05/28/2014

Company: MicroSeismic

Jeff Foster Named President and CEO

MicroSeismic, Inc. (MicroSeismic) announced today that Jeff Foster has been named President and CEO. Founder of the company and past CEO, Peter M. Duncan, Ph.D. will continue with MicroSeismic as Co-Chairman, focusing his efforts on the advancement of MicroSeismic’s technology and promoting its economic and environmental benefits to the company’s clients, the industry, and the world.

Peter M. Duncan, Ph.D., Founder, Co-Chairman, and previous CEO stated, “I am very happy to welcome Jeff to MicroSeismic. He is an excellent business leader and is committed to our vision of providing customers with the technology needed to optimize field wide completions and ensure that unconventional oil and gas remains an abundant supply of energy for generations to come.”
Mr. Foster brings more than 25 years of diverse oil field drilling and completion experience to the role, having worked for a major operator, a major service provider and a small cap products and service company. In addition to his role as President and CEO, Mr. Foster will serve on the Board of Directors.

Upon the announcement, Mr. Foster commented, “I’m excited to join the team at MicroSeismic. The Completions Evaluation Services developed by MicroSeismic represent cutting-edge technology that finally allows operators to understand the dynamics of their hydraulic fracturing programs. As we continue to take this technology to market, I look forward to sustained high growth for MicroSeismic Inc. and the microseismic market as a whole.”

Prior to MicroSeismic, Mr. Foster was Senior Vice President of several divisions within Tesco Corporation such as Corporate and Business Development and Operations. During his tenure at Tesco, Foster drove significant growth and margin improvement within the company, while maintaining a focus on safety, quality and strategy. Prior to joining Tesco, Mr. Foster was a Global Operations Manager at Halliburton and a Senior Drilling and Completions Engineer at Exxon.

Mr. Foster holds a BS in Mechanical Engineering from the University of Oklahoma and an MBA from Tulane University.

MicroSeismic, Inc. is an oilfield services company providing completions evaluation services in seventeen countries. Founded in 2003, MicroSeismic is the leading provider of microseismic monitoring
utilizing surface, near-surface, and downhole arrays. The company delivers services that allow oil and gas companies to gauge the quality of completions, improve production, and reduce costs.
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*MicroSeismic, Inc. trademarks are registered marks in the USA, Canada and other countries.

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