Search company, investor...

Founded Year

1979

Stage

Acquired | Acquired

About Geotrace Technologies

Geotrace Technologies , Inc. is an independent, integrated, reservoir services company which aims to provide subsurface imaging solutions to the oil and gas industry.

Headquarters Location

1011 Highway 6 South Suite 100

Houston, Texas, 77077,

United States

281-497-8440

Loading...

Loading...

Latest Geotrace Technologies News

Seismic imaging companies grow in Houston amid shale boom

May 22, 2014

May 22, 2014, 11:00am CDT Seismic imaging companies grow in Houston amid shale boom Email  |  Twitter The domestic shale boom has required more precise drilling techniques, while the offshore oil production keeps going into deeper waters. Mexico also is about to open itself to more onshore and offshore energy exploration. All of this requires more subsea and subsurface imaging in order to drill into the right spots. Houston seismic imaging companies are continuing to grow through the energy boom. Houston-based Geotrace Technologies Inc. CEO Bill Schrom said unconventional drilling has proven a "home run" for the country and the energy companies. "We're on the brink of energy independence," Schrom said. "Everyone wants better subsurface imagining, and that's what our technology plays to. " Got Energy? Sign up for our Energy Inc. newsletter here The idea is that the same technologies and methods will continue to spread more globally as the ripple waves of the energy boom are felt, he said. "The conventional (hydrocarbons) are harder to find and harder to recover," Schrom said. "So they need more high-resolution subsurface imaging. " The imaging technologies have improved similar to the spread of high-definition and three-dimensional televisions in recent years, he said. The improved imaging is needed in hydraulic fracturing, or fracking, to help detect fault lines and underground hazards and structures. "You don't want to frack into a fault. You lose your frack," Schrom said. "It's like burning money. " Schrom said Geotrace has grown about 25 percent in Houston the last couple years. The company has about 70 Houston employees and 220 globally. In recent years, Geotrace has inked more deals with Brazilian, Malaysian and Italian companies, for instance, as well as doing seismic work in Iraq. Page 1

Geotrace Technologies Frequently Asked Questions (FAQ)

  • When was Geotrace Technologies founded?

    Geotrace Technologies was founded in 1979.

  • Where is Geotrace Technologies's headquarters?

    Geotrace Technologies's headquarters is located at 1011 Highway 6 South, Houston.

  • What is Geotrace Technologies's latest funding round?

    Geotrace Technologies's latest funding round is Acquired.

  • Who are the investors of Geotrace Technologies?

    Investors of Geotrace Technologies include Oak Investment Partners.

  • Who are Geotrace Technologies's competitors?

    Competitors of Geotrace Technologies include Gyrodata, MicroSeismic, Pacific Canbriam Energy, ITS - Services Division, Kosmos Energy and 7 more.

Loading...

Compare Geotrace Technologies to Competitors

MicroSeismic Logo
MicroSeismic

MicroSeismic is a leading company in the energy and environmental sector, focusing on real-time monitoring. The company offers services such as data acquisition and analysis for well and reservoir interactions, carbon sequestration, sinkhole detection, geothermal energy, and induced seismicity. These services primarily cater to the energy industry, particularly in areas of oil field operations, carbon management, and environmental protection. It was founded in 2003 and is based in Houston, Texas.

M
Mason Dixon Energy

Mason Dixon Energy provides contract land services to oil and gas exploration and production companies operating throughout the United States.

M
Manti Resources

Manti Resources is a diversified company with a high-level focus on energy, venture capital investments, and community involvement. The company's main services include energy operations, providing seed funding and co-founding ventures in material sciences, social capital enterprises, and energy transition, as well as engaging in community development projects. Manti Resources primarily sells to sectors such as the energy industry, startup ecosystem, and social enterprise space. It was founded in 1989 and is based in Corpus Christi, Texas.

O
Oil drilling technology company

Oil drilling technology company offers oil drilling technology

S
Shona Energy

Shona Energy is an oil and gas startup.

P
Profound Energy

Profound Energy Inc. is a junior oil and natural gas company based in Calgary, Alberta. The company was founded in November 2007 through the merger of Profound Energy Ltd. and Cork Exploration Inc.

Loading...

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.