MicroSeismic History

2015

  • Achieved over 1 million man hours without a lost-time incident
  • Launched AlertArray life-of-asset seismicity monitoring system to help operators mitigate risk
  • Succeeded in predicting reservoir drainage and early production for several key operators in North America using new developments in the PermIndex® workflow
  • Closed the loop with from dots to production

2014

  • Jeff Foster appointed as new CEO & President
  • Acquired new downhole monitoring assets from Reservoir Imaging, Inc.
  • Launched FracRx™ to help operators increase asset value by optimizing the treatment of each well
  • Launched Advanced Real-Time Analysis help optimize production and reduce costs for both geophysical and engineering developments
  • Giving the gift of hearing - For every well it monitors, MicroSeismic makes a donation towards hearing aids for under-privileged children

2013

  • Celebrating 10 years of innovation
  • Ernst & Young Entrepreneur of the Year® 2013 Gulf Coast Area award winner – Technology
  • CNBC named an Energy Industry Disruptor on the inaugural CNBC Disruptor 50 List
  • Peter M. Duncan, Ph.D. featured on CNBC Squawk Box to discuss the use of microseismic data to reduce risk and build bottom lines in the energy sector
  • Geophysical Society of Houston/SEG honors Peter M. Duncan, Ph.D.  at their 2013 Spring Symposium
  • Peter M. Duncan, Ph.D. recognized as a celebrated entrepreneur at the Houston Technology Center’s (HTC) 10th annual “A Celebration of Entrepreneurs” gala
  • Houston Business Journal CFO of the Year nominee and Fast 100 nominee
  • Introduced Downhole Monitoring with EventPick™ Processing Technology
  • Introduced new Completions Evaluation Services and PSET 5.0
  • Ernst & Young Entrepreneur of the Year® 2013 National award winner – Technology

2012

  • World Oil's Innovator of the Year award in 2012
  • Ernst & Young nomination for Entrepreneur of the Year
  • Inc 5000 Fast Growing Companies in US 2012 – ranked 988 overall, 36 in energy industry and 20 in Houston
  • Ranked 6th in the energy industry for Inc.’s 2012 Hire Power Awards
  • Moved to new corporate office in Houston
  • Opened new office in Pittsburgh
  • Method of imaging the earth’s subsurface using passive seismic interferometry and adaptive velocity filtering patent awarded

2011

  • Completed a $100M majority recapitalization with TA Associates and Madrone Capital Partners
  • Society of Exploration Geophysicists announces Peter M. Duncan, Ph.D. as an honorary member in September 2011
  • World Oil - Innovative Thinker Award Nominee - Peter M. Duncan, Ph.D.
  • Awarded #7 in the FastTech 50 Award presented by Houston Business Journal as one of the fastest growing companies in Houston
  • Method of passive seismic emission tomography using adaptive velocity filter patent awarded
  • Method for imaging the earth’s subsurface using passive seismic sensing patent awarded
  • Method for passive seismic emission tomography including polarization correction for source mechanism patent awarded

2010

  • World Oil nomination for Best Completion Technology Award
  • World Oil nomination for Best Exploration Technology Award
  • New Technology Magazine's award for Best Exploration Technology
  • MicroSeismic receives E&P Magazine's 2010 Hart Meritorious Award for Engineering Excellence
  • Largest BuriedArray™ service installed in Sanish Field - North Dakota
  • Receives Houston Business Journals Enterprise Champion Award and named to the Houston Business Journals "Fast Tech 50" list, ranked #24
  • MicroSeismic enhances service offering with Transform software reservoir data visualization capabilities
  • Launched new logo and brand at SEG 2010
  • Method for seismic emission tomography patent awarded

2009

  • MicroSeismic granted a patent by the United States Patent and Trademark Office for its Passive Seismic Emission Technology (PSET™) service
  • Named to the Houston "Fast Tech 50" list by the Houston Business Journal
  • Peter M. Duncan, Ph.D. invited to speak at CERA Week 2010 in the Energy Innovations Pioneers Session

2008

  • Opened office in Calgary
  • Moved HQ offices to larger facility with 12,000 square feet of space
  • CEO and President, Peter M. Duncan, Ph.D. Named as the 2008 Fall AAPG-SEG Distinguished Lecturer
  • Named to the Houston "Fast Tech 50" list by the Houston Business Journal. MicroSeismic was ranked number 13 out of the top 50 technology companies in Houston
  • Launched Downhole monitoring
  • Launched BuriedArray™ permanent & real-time shallow subsurface monitoring
  • Awarded world's first multi-year, multi-million dollar contract for permanently installed BuriedArray™ service
  • Doubled the size of the North American sales team, hired a VP of Sales for US, named a VP of Sales for International, added sales representatives in China, Argentina, and Mexico

2007

  • Opened office in Denver with sales, processing and operations personnel
  • Completed second generation of the company's proprietary passive seismic processing software, PSET™

2006

  • In August 2006 MicroSeismic, completed a $7 million "Round B" financing from three participants, including the two "Round A" participants, Altira, Chevron Technology Ventures, and RockPort Capital Partners
  • The company built its staff in anticipation of substantially expanded operations in 2007. This included adding a Chief Financial Officer, an operations management team, hiring and training additional field crews, and increasing the number of geophysicists

2003

  • MicroSeismic, Inc., (MicroSeismic) was incorporated in early 2003 to commercialize passive seismic and received venture funding of $450,000. The lead investor was the Altira Group of Denver, Colorado joined by Chevron Technology Ventures, the venture capital arm of Chevron Corporation
  • First-to-market with a novel surface array technique for hydro-frac monitoring called FracStar™
  • Registered Trademarks for PSET™, PSTT™ and FracStar™ technologies