NEOS Presents for the First Time at Houston’s OTC


NEOS is new to the world of offshore.  Not collectively inexperienced, just new. Recently we completed our first offshore project in the South Atlantic Margin. And we are currently finishing up a program in Lebanon that includes the transition zone along the Eastern Mediterranean coastline.

The integration, analysis and interpretation of geophysical data have a strong place in both the onshore and offshore environments. NEOS’ Emmanuel Schnetzler has been selected to present in this year’s Offshore Technology Conference (OTC) Technical Program, covering the topic of geostatistical predictive analytic methods as they apply to offshore fields.

Stop by at next week’s conference to learn more about this emerging technology.

Advanced and Integrated Geophysical Interpretation

Assessing Uncertainty in Hydrocarbon Volumes with Application of a Workflow on a Field (#25967)

Tuesday, May 5th

10:14-10:36 AM – Room 606

Most Powerful Polar Storm Creates the Most Beautiful Photos


Reynisfjara Beach, Iceland ©Schnetzler Photography

It is very likely that, last month, when the most powerful solar storm in years rattled Earth’s magnetic field, you continued on with your day, blissfully unaware.  It’s ok – most of us did.  That is, most of us, who do not reside in northerly regions like Canada, Alaska and Iceland. One lucky NEOS employee, Manu, and his wife, Greta (Schnetzler Photography), found themselves in Iceland at the time of the storm and managed to capture the Aurora Borealis (“Northern Lights”) at their most intense and most beautiful. Enjoy the geomagnetic storm in all its glory.


Reynisfjara Beach, Iceland ©Schnetzler Photography


The Beauty (& Value) of Satellite Data



Here at NEOS, we are fond of satellite G&G data, particularly because it’s usually easily accessible and, in almost all cases, free. So when we ran across another artist using just Google Earth satellite images and their imagination to make beautiful art, we took a moment to enjoy the ‘scenery’.

Federico Winer, an Argentine photographer, scours the planet’s landscape from the comfort of his home and, with some tweaking and color manipulation, creates breathtaking artwork of patterns from across the globe. Check out his series, ‘Ultradistancia’, on his website.

And if you want to see what beautiful images NEOS is creating using satellite data, check out our neoSCAN programs. You might be amazed what we can create in less than 100 days and for less than 50 cents per acre…

Bringing Home the Gold


Axiom, a Houston-based brand strategy and marketing agency, has gone and added 4 new Gold ADDY awards to their shelves. NEOS is proud to have had one of our recent advertising series included among those selected for gold.

Multi-physicsThe Gold ADDYs, which recognize the highest level of creative excellence in the award show, were given out by the Houston chapter of the American Advertising Federation (AAF) at the 53rd annual American Advertising Awards on Thursday, February 19th in Houston, Texas.

Congratulations to Axiom who had 12 entries recognized among the entries of over 50 local agencies and groups at this year’s ceremony. This new collection of Gold ADDYs will now adorn an already full shelf of Gold ADDYs won by Axiom in years past – keep up the great work, Team!

Click here, or on the image to the left, to view the winning brand awareness ad series created for NEOS.

NEOS Recognized Twice: Another product created for NEOS, a direct marketing print mailer piece from our Unlock the Potential campaign launched in late 2013, was selected for Citation of Excellence.

Happy Pi Day (3.14.15 9:26:53)



Happy Pi Day – March 14, 2015 @ 9:26AM!!!

neoSCAN in Action: East Continent Rift Basin, USA

Before Pangaea (the supercontinent that existed 300-100 million years ago), there was another supercontinent called Rodinia (which means The Motherland in Russian). Rodinia existed 1,100-750 million years ago in a geologic eon referred to as the Precambrian, which classes all geologic time periods from the formation of the Earth 4.55 billion years ago until 543 million years ago, when the Paleozoic era began.

Like all great supercontinents, Rodinia eventually succumbed to the forces of continental weakening and eventual break-up as hot magma formed under the supercontinent, ultimately resulting in thinning and extension of the mantle and rifting of the continental crust above. In the predecessor land mass of Laurentia (which is present day North America), these same forces eventually caused a series of failed and successful rifts to form roughly parallel to the present-day Appalachian Mountains.

The successful rifts formed to the southeast of the Appalachians, closer to the present-day Atlantic coastline.  The failed rifts formed further to the west and northwest and have, in recent times, taken on names like the Rome Trough or the Rough Creek Graben, an illustration for which is shown below (courtesy of the Kentucky Geological Society).


These rift structures filled in many places with nearly 20,000 feet of clastic sediment, with basin-fan complexes believed to be fairly prominent depositional sources. While these Precambrian rift basins were subject to significant and complex erosional, tectonic and thermal regimes since their deposition, some explorationists believe that the basins could be prospective for both oil & gas and minerals.

Conoco was one of the E&P operators that was attracted by the region’s potential in the early 1990’s. More recently, a consortium of oil & gas companies – including Chesapeake Energy – engaged with the Kentucky Geological Society to undertake a study of the area’s hydrocarbon potential, with special interest in deep gas and black shale development.

NEOS was recently asked to undertake a study of a 360,000 sqmi area spanning multiple states in the Eastern U.S. where these rift structures were known or believed to be present. There was a particular interest in an area having several contiguous rift blocks with a combined areal extent of 50,000 sqmi.

A topography map (top) and a Total Magnetic Intensity map (bottom) from the study area are shown below.  The general area of the Rough Creek Graben is highlighted in both images (white polygon).

Precambrian Rift neoSCAN Study Area (~360,000 sqmi) Topography map (middle), Total Magnetic Intensity (bottom)

Precambrian Rift neoSCAN Study Area (~360,000 sqmi)
Topography map (middle), Total Magnetic Intensity (bottom)

According to Chris Friedemann, Chief Commercial Officer for NEOS,

[pullquote align=”center” textalign=”center” width=”100%”]In roughly 90 days, we were able to identify some of the key structural features that affect hydrocarbon prospectivity in the study area, including sediment thickness and burial depths, basement topography and faulting, and the location of major lineaments and intrusive complexes.[/pullquote]

To learn more about the neoSCAN, click here to visit the relevant page on the NEOS web site (including a narrated slideshow describing the offering). To learn more about this project, click here (to read the press release) or send an email to the business developer responsible for the project (Paul Casey) using the function below.



Narrated Slideshow: neoSCAN Keeps Explorers Exploring


Low oil prices and tight budgets don’t mean you need to stop exploring. NEOS recently announced the launch of its second generation neoSCAN™ solution (click here to read the press release), an offering designed to keep explorers exploring even in a $50 oil world.

Requiring no new data acquisition, the neoSCAN helps you get the most out of your legacy G&G investments by integrating existing data you already have with additional multi-physics datasets that can be quickly and inexpensively obtained from a variety of sources.

The datasets that are integrated and interpreted on a neoSCAN project include:

[pullquote align=”left” textalign=”center” width=”100%”]In < 100 days and for < 50 cents per acre, neoSCANs deliver the interpretive products you need to keep exploring, including 3-D subsurface models, maps of faults and intrusives, and maps of basement topography and composition.[/pullquote]

Perhaps best of all, predictive analytics methods are applied on all neoSCAN projects, providing rich insights into the G&G attribute suites that are associated with nearby fields or known sweet spots, insights that can be used to highgrade acreage in underexplored areas.

The interpretive products generated on a neoSCAN typically include:

  • Assessments of basin-scale geologic trends
  • Maps of basin architecture and regional structure
  • Maps of key lineaments, regional fault systems, and intrusives
  • 2-D and 3-D structural and stratigraphic models
  • Maps of basement topography, faulting and composition, and the role these geologic features played in field location and type (gas vs. oil)
  • Assessments of relative acreage prospectivity derived using predictive analytics.

[pullquote align=”left” textalign=”center” width=”100%”]A neoSCAN project can be executed either onshore or offshore and for either conventional or unconventional shale plays.

Typical areas of investigation range from 2,000 to 6,000 square miles (~5,000 – 15,000 square-kilometers), although some projects have been scoped and delivered at the country scale.[/pullquote]

Even in a $50 oil price world, the neoSCAN allows geoscientists to continue assessing the hydrocarbon prospectivity of large areas such that, when opportunities for acreage or corporate acquisition present themselves, or the commodity cycle turns to the upside, they’ll have the insights they need to deliver.

To learn more about the neoSCAN, click here or on the image above to watch the narrated slideshow. Or read more about the neoSCAN on the NEOS website.

Oil Price Impacts on Offshore Drilling

Fleet Status for Diamond Offshore Red Lines = Recently Cancelled Rigs; Purple Rectangles = Stacked or Unutilized Rigs

Fleet Status for Diamond Offshore
Red Lines = Recently Cancelled Rigs; Purple Rectangles = Stacked or Unutilized Rigs

I ran across an interesting article the other day that highlighted some of the impacts the recent oil price decline and budget cuts have had on the offshore drilling market.  It got me curious, so I pulled up the 10-K for Diamond Offshore (one of the largest offshore drilling contractors) which was referenced in the article.

It’s pretty amazing (and scary!) stuff.  The chart above shows the fleet status for DO. Excluding rigs under construction, DO has a total of 36 rigs: 18 (ultra)deepwater; 12 semi-submersibles; and 6 jack-ups.

Out of the 36, they have just received cancellations on six rigs (shown with the red cross-hatched lines) and have another nine rigs (shown with the purple boxes) that are either stacked, in the process of being stacked, or looking for work.  That’s 15 rigs or 42% of their rig fleet that isn’t working.

In a prior life, my team and I were asked to look at a potential acquisition in the offshore drilling market. One thing we noted as part of the analysis – day-rates for the rigs essentially imploded once utilization in the market fell below ~85%.  That was a number of years ago, but I assume these pricing dynamics still apply.

Given that many offshore drillers took on signficant debt to fund the construction of new rigs (a couple years back, everyone was anticipating significant new demand), the offshore drillers are faced with a near perfect storm of new capacity coming into the market just as day rates and activity levels implode.

DO stock was down 8% today following the release of its 10-K. Transocean (whose CEO ‘retired’ last week) and several of the other offshore drillers suffered similar share price declines.

So this isn’t just a ‘shale thing’ – all parts of the E&P business are being affected.

neoSCAN in Action: Athabasca Uranium Deposits, Canada

Claim holdings in the Athabasca Basin, Saskatchewan, Canada

Claim holdings in the Athabasca Basin, Saskatchewan, Canada

The Athabasca Basin is a 100,000 km2 region of northern Saskatchewan, Canada that is home to the world’s leading source of high-grade uranium. The basin is filled with sandstone sediment varying from 100 to 1,000 metres in depth. The uranium ore is mostly found at the base of this sandstone, at the point where it meets the basement.

NEOS will be presenting the results of a recent neoSCAN study covering the uranium deposits of the Athabasca Basin at the Prospectors & Developers Association of Canada (PDAC) annual conference next week in Toronto.  The PDAC exists to promote a responsible, vibrant and sustainable Canadian mineral exploration and development sector and is perhaps best known for its annual convention, which last year attracted 25,122 attendees from 103 countries.

NEOS was invited to present at PDAC 2015 by Geosoft® Inc., a leading provider of integrated geoscience software for mapping and modeling the Earth’s subsurface.  In the PDAC presentation, NEOS plans to share techniques it has been using in oil & gas exploration – focusing especially on basement mapping and predictive analytics methods – with geoscientists involved in minerals exploration and development.

To demonstrate the application of these techniques in the mining sector, NEOS undertook a neoSCAN study of a portion of the Athabasca Basin for which it integrated and simultaneously interpreted several existing geological and geophysical datasets to map key regional geologic features in a 17,000 km2 area of investigation.

The legacy geo-datasets that NEOS analyzed included gravity, magnetic, electromagnetic and radiometric as well as sub-sets of available geologic information.  Intermediate interpretive products including fault density and basement burial-depth maps were also generated and subsequently analyzed using predictive analytics techniques.

Dr. Craig Beasley, Chief Science Officer for NEOS, commented,

[pullquote align=”center” textalign=”center” width=”100%”]“In under a month, we were able to identify some of the key G&G attributes that correspond to the locations of Athabasca’s known uranium deposits. I think this demonstrates that an analysis of existing multi-physics data using advanced quantitative interpretation techniques can be a useful method for de-risking exploration acreage and improving discovery success, whether we are talking about the search for minerals or for oil & gas.”[/pullquote]

To learn more about the neoSCAN as applied to acreage highgrading for uranium in Athabasca, click here (or on the image below) to watch the narrated slideshow.


NEOS’s domain expert on predictive analytics, Emmanuel (‘Manu’) Schnetzler, will be presenting the results of this Athabasca neoSCAN study, entitled, ‘Predictive Analytics of Multi-Disciplinary Data for Basin and Basement Studies,’ during the PDAC conference on Monday March 2nd at 10AM EST in Room 716 (Adopting Tools & Techniques from the Oil Patch session) at the Metro Toronto Convention Centre.

NEOS Releases Lebanon e-Brochure with First Look Data

Lebanon Ebrochure

NEOS has updated its comprehensive Lebanon neoBASIN eBrochure with First Look data. Click here or on the image above for access to the online brochure. For more information on our Lebanon neoBASIN program, visit the Global Programs page on the NEOS website.


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