NEOS Acquires Denver Land Processing Business from ION
Summary
ION’s Denver processing group has completed nearly 400 subsurface imaging projects since 2003 for customers that include some of the largest international and independent E&P companies in the world. The Denver team specializes in ‘hard rock’ processing in structurally complex geologic environments ranging from Bolivia to the North Slope of Alaska. We’ll now have the capability to process, integrate and simultaneously interpret both seismic and non-seismic geo-datasets to render the most complete ‘basement-to-surface’ images in the industry.” Jonathan Faiman, Executive Chairman of NEOS, added, “This is the first of what we believe will be many transactions to enhance our portfolio of natural resource exploration products, services and solutions. In partnership with its clients, NEOS acquires and simultaneously interprets multiple geological, seismic, non-seismic and geochemical datasets to identify valuable resources in the subsurface, including hydrocarbons, minerals and groundwater. AXIS commercialized the technologies and workflows the E&P industry needed to undertake anisotropic and azimuthal processing, which subsequently found great utility in fracture detection and sweet spot imaging in tight, unconventional shale, and source-rock reservoirs.