ESG Solutions acquires Spectraseis

ESG Solutions, a supplier of microseismic monitoring technology and analysis solutions to customers in the oil and gas and mining sectors, acquired Spectraseis, a supplier of surface-based seismic technology and services for hydraulic fracture monitoring (HFM) and induced seismicity monitoring (ISM).

“We feel this union is a natural fit, due in part to the strong alignment in culture between ESG and Spectraseis,” says Brad Birkelo, EVP Surface and ISM Applications. “Both companies seek to provide highest quality, innovative solutions to operators who rely on microseismic to better understand reservoir behavior, optimize production and enhance stimulation success.”

In particular, the companies share a focus on collection and analysis of full waveform seismic data including critical shear wave information, which results in greater understanding of reservoir processes, and in turn, maximizes value to clients.

“This is a strategic move for ESG,” says Ken Arnold who will lead the management team of the combined organization. “There are many advantages to this initiative and the leadership team at ESG has a strong interest in developing and investing in Spectraseis’s technology and its highly talented workforce. This will provide the opportunity for our organization to accelerate growth and expansion into key international markets, delivering exceptional value to our customers.”