Introducing our New Logo & Website

We are excited to debut our new look as a part of the evolution of NEOS.

neoslogo_600x186x150dpi_forwebBy harnessing technological innovations and seeking out smart synergies, we continue to advance multi-physics and grow as a company. As we have evolved, so has our look; and we are excited to share our new brand with you.

Visit neosgeo.com to discover how we are reinventing exploration and leading the way to a brighter future.

Stay tuned over the coming weeks and months as we reveal more.

NEOS to Acquire CGG Multi-Physics Business

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Earlier today, NEOS and CGG announced that they entered into a Definitive Agreement in which NEOS has agreed to purchase CGG’s Multi-Physics business line & General Geophysics Italy business (read:  press release).  These two businesses are part of the CGG group of companies, a leading provider of geoscience technologies, services and equipment.

DASH-7-RebrandedThe Multi-Physics business operates the world’s largest fleet of geophysical data acquisition aircraft, is the leading provider of airborne gravity gradiometry (AGG) systems and acquisition services, owns one of the industry’s largest non-exclusive libraries of gravity and magnetic data, and has a distinctive capability in acquiring and processing airborne electromagnetic (EM) data.

According to NEOS CEO, Jim Hollis,

“We are combining two of the leading proponents of multi-measurement interpretation, albeit with different strengths.

CGG’s Multi-Physics & General Geophysics Italy business is acknowledged for its advanced geophysical sensor technologies, efficient data acquisition platforms, and excellence in all facets of airborne operational execution, particularly in its HSE philosophy and performance.

NEOS has focused in the areas of multi-physics data processing, integration and interpretation, as well as predictive analytics.

By combining the entities, we will be able to better deliver a full-scope exploration offering that encompasses multi-measurement survey design, data acquisition, processing and analytic interpretation.  Moreover, the combined entity will have a truly global operational footprint in key natural resource centers, with a client base that includes the world’s leading oil, natural gas, and mining firms.”

After the transaction closes in a number of months, the combined company will feature:

  • Aircraft: world’s largest fleet of geophysical acquisition aircraft;
  • Data libraries: one of the largest non-exclusive libraries of gravity and magnetic data;
  • Gravity gradiometry: industry’s largest portfolio of airborne gravity gradiometry (AGG) systems;
  • EM technologies: unique capabilities in electromagnetic data acquisition, imaging and interpretation;
  • Seismic imaging: industry-leading capabilities in seismic data processing in complex geologic regimes, including subsalt, naturally fractured, and stacked-pay reservoirs;
  • Geophysical software: proprietary geophysical software supporting multi-physics data integration and interpretation;
  • Marine acquisition services: the leading provider of marine potential fields acquisition services to the oil & gas industry;
  • Analytic interpretation: proprietary predictive analytics algorithms and methodologies used to highgrade exploration acreage and identify new exploration targets;
  • Global team: 350 professionals positioned in key natural resource exploration centers in the United States, Canada, Australia, South Africa, Italy and Brazil.

To learn more about this transaction, read the Press Release

NEOS Buys Onshore Seismic Data Processing Business

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I’m not sure if you’ve seen it yet, but NEOS just announced our acquisition of the onshore seismic data processing business of ION Geophysical’s GX Technology group.

Click here to read the press release.

This transaction involves a group of about 25 Denver-based folks who originally started as AXIS Geophysics and which ION acquired back in 2002.  This team commercialized the technologies and workflows for anisotropic and azimuthal processing, which ultimately found great utility in fracture detection and sweet spot imaging for hard-rock and unconventional source-rock reservoirs.

More recently, the Denver office has incorporated many of GXT’s depth migration and tomographic imaging techniques into its workflows, positioning the entity as an industry leader in onshore depth imaging for complex fold- and thrust-belt geologic regimes, as well as pre-salt plays like those found in Kazakhstan and in the onshore basins along the South Atlantic Margin, including those in Angola, Brazil and Gabon.

As our loyal Sweet Spot readers know, NEOS has focused on non-seismic imaging methods since our launch in 2011. What you may not know is that we have long coveted having an in-house seismic capability, and this acquisition now provides us with the ability to offer a true multi-physics imaging solution to our customers.

DR_eye_candy_IL130Though this group – which will be known moving forward as the NEOS Seismic Imaging Group (SIG) – will continue to offer stand-alone data processing and imaging services, we are also excited about how we can extract maximum value for our customers by combining seismic and non-seismic measurements, attributes and methodologies.

One of the first obvious areas we’ll be working on is the incorporation of seismic attributes at the reservoir interval (e.g., rock brittleness, fracture density, fracture orientation) into our Predictive Analytics methods.  But of course there are many others, including the ability to undertake true multi-physics inversions.

Check back over the months ahead to learn more about this addition to the NEOS family.

NEOS Welcomes ION-GXT

neoSCAN in Action: East Continent Rift Basin, USA

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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).

RoughCreekGraben

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.

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Narrated Slideshow: neoSCAN Keeps Explorers Exploring

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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.