•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    ION Geophysical completes seismic data acquisition in Marcellus Shale

    ION Geophysical

    ION Geophysical Corp. (NYSE: IO) has acquired 235 square miles of new 3D multi-client seismic data in the Marcellus Shale play in central Pennsylvania.  Known as ClearfieldSCAN™, the survey is part of ION's growing library of ResSCANS™ 3D multi-client seismic data programs, managed by ION's GeoVentures™ group.  Acquired using the INOVA FireFly® cableless acquisition system and VectorSeis® digital sensors, the P- and C-wave data is being processed by ION's GX Technology (GXT) group.  GXT will also perform seismic attribute analysis and provide other interpretation deliverables.                   

    The Marcellus shale contains about 84 trillion cubic feet of undiscovered, technically recoverable natural gas and 3.4 billion barrels of undiscovered, technically recoverable natural gas liquids according to an August 2011 assessment by the US Geological Survey (USGS), making it one of most prospective unconventional gas plays in North America. Economic viability in shale plays has traditionally been achieved through two engineering technologies, horizontal drilling and hydraulic fracture stimulation. Lower gas prices, however, are creating an increased interest in the use of seismic data to not only help the drilling engineer "stay in zone" and avoid geo-hazards, but also to help operators prioritize acreage positions and drilling locations, optimize their drainage strategies and well spacing, and better design their stimulation programs.

    Ken Williamson, senior vice president of ION's GeoVentures group, commented, "With our 2D BasinSPANS™ programs, ION established the industry standard for exploration-focused, basin-scale programs. ResSCANS have a similar value-creating potential with a development and production reservoir focus, leveraging the technology and expertise across the ION portfolio and from outside specialists. ClearfieldSCAN exemplifies this approach, addressing the appraisal and development challenges our customers are experiencing in resource plays such as the Marcellus."

    ION plans to deliver ClearfieldSCAN data by the end of Q2 2012.

    Did You Like This Article?

    Get a free subscription to Oil & Gas Financial Journal.

    Related Articles

    Carnarvon awarded permit to explore in Barrow sub-basin

    05/30/2014

    Carnarvon Petroleum Ltd. has been awarded Petroleum Exploration Permit EP-491 (bid block L11-7) on the eastern flank of the prolific oil-producing Barrow sub-basin offshore Western Australia.

    Neon Energy awarded Australian offshore exploration permit

    05/14/2014

    Neon Energy Ltd. has been awarded the WA-503-P offshore petroleum exploration permit, as operator and 100% working interest holder.

    Petrogas Kahil acquires 100% interest in Oman Block 55

    05/06/2014 Petrogas Kahil LLC has signed an exploration and production sharing agreement with the Government of the Sultanate of Oman for a 100% interest in Oman's onshore Block 55, called the Kahil Block. &n...

    Diggins named VP for Sterling Seismic Services

    04/25/2014

    Sterling Seismic Services Ltd. has named Chuck Diggins as vice president and Houston center manager.

    RSI appoints Christie as VP North America

    03/18/2014

    RSI reports that Murray Christie has joined RSI as vice president of North America. He will be based in Houston.

    More Oil & Gas Financial Articles

    Carnarvon awarded permit to explore in Barrow sub-basin

    Fri, May 30, 2014

    Carnarvon Petroleum Ltd. has been awarded Petroleum Exploration Permit EP-491 (bid block L11-7) on the eastern flank of the prolific oil-producing Barrow sub-basin offshore Western Australia.

    Neon Energy awarded Australian offshore exploration permit

    Wed, May 14, 2014

    Neon Energy Ltd. has been awarded the WA-503-P offshore petroleum exploration permit, as operator and 100% working interest holder.

    Petrogas Kahil acquires 100% interest in Oman Block 55

    Tue, May 6, 2014

    Petrogas Kahil LLC has signed an exploration and production sharing agreement with the Government of the Sultanate of Oman for a 100% interest in Oman's onshore Block 55, called the Kahil Block.
     

    Diggins named VP for Sterling Seismic Services

    Fri, Apr 25, 2014

    Sterling Seismic Services Ltd. has named Chuck Diggins as vice president and Houston center manager.

    RSI appoints Christie as VP North America

    Tue, Mar 18, 2014

    RSI reports that Murray Christie has joined RSI as vice president of North America. He will be based in Houston.

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ