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HOUSTON, March 7, 2018 /PRNewswire/ -- ESG Solutions is excited to announce that it has acquired and processed a record number of passive microseismic events in 2017. One of the reasons for this milestone, according to Shan Jhamandas, General Manager of Energy Services, is the increase in hydraulic fracturing activity across North America. Also contributing to the record number of events acquired and processed is that completions are becoming more complex and diagnostic tools are becoming more important. John Greff, North America Director of Sales for ESG's energy services unit, notes that "oil and gas operators continue to test and refine their completion designs, including; increased proppant concentration, higher cluster counts, increased stage counts, and longer laterals." According to Greff, ESG's innovative acquisition tools are well suited to this type of challenge: "Our whip-array™ is deployed in both vertical and lateral sections of the well allowing for increased microseismic event detection along the wellbore. This, coupled with our advanced analytical insights, is helping our clients evaluate the effectiveness of their completions designs." Adding to the overall increase in acquired and processed events, Spectraseis, an ESG managed company, has helped push ESG's 2017 event count over the one-million mark with its expanding seismicity monitoring network and surface based hydraulic fracture monitoring business. Brad Birkelo, EVP Surface and ISM Solutions, points out that "oil and gas operators are now proactively seeking solutions to monitor seismicity in their operations and Spectraseis is positioned well in the market with its full-service acquisition, processing and web portal analysis solution – the ISV-Pro™." In addition, ESG's permanent reservoir monitoring business RESMAP® was steady in 2017, recording passive seismic data 24/7 at oil and gas operations in Western Canada, the Middle East and other locations internationally. ESG is a leading provider of passive seismic reservoir monitoring systems for enhanced thermal oil recovery operations. According to Jhamandas, "ESG's reservoir monitoring business continues strong as E&P operators focus their efforts on optimization of enhanced oil recovery projects, many of which are candidates for passive microseismic monitoring systems." As for 2018, Jhamandas goes on to note, "The momentum from 2017 has carried into 2018 and we are expecting another record-setting year." About ESG Solutions:
Founded in 1993, ESG Solutions (Engineering Seismology Group or ESG) is a pioneer and leading provider of innovative downhole and surface-based microseismic solutions for the mining, oil and gas and geotechnical industries. ESG helps operators optimize production, reduce costs, improve safety and mitigate risk associated with hydraulic fracturing, thermal enhanced oil recovery, waste-water injections, natural gas storage, underground and open-pit mining, coal seam gasification, carbon sequestration and geotechnical applications. ESG Solutions is an operating company of Spectris plc. ESG is headquartered in Kingston (Canada), with operations in Houston, Denver (Spectraseis) and Calgary, and offices in Dallas, Pittsburgh, Beijing, Brisbane, and Dubai. www.esgsolutions.com
About Spectris plc:
Spectris plc is a leading supplier of productivity-enhancing instrumentation and controls. Headquartered in Egham, Surrey, United Kingdom, the Company employs over 9,000 people with offices in more than 30 countries. For more information, visit www.spectris.com .

ESG Solutions' Energy Services Unit Announces Milestone: 1.2 million passive microseismic events acquired and processed in 2017

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HOUSTON, March 7, 2018 /CNW/ -- ESG Solutions is excited to announce that it has acquired and processed a record number of passive microseismic events in 2017. One of the reasons for this milestone, according to Shan Jhamandas, General Manager of Energy Services, is the increase in hydraulic fracturing activity across North America. Also contributing to the record number of events acquired and processed is that completions are becoming more complex and diagnostic tools are becoming more important. John Greff, North America Director of Sales for ESG's energy services unit, notes that "oil and gas operators continue to test and refine their completion designs, including; increased proppant concentration, higher cluster counts, increased stage counts, and longer laterals." According to Greff, ESG's innovative acquisition tools are well suited to this type of challenge: "Our whip-array™ is deployed in both vertical and lateral sections of the well allowing for increased microseismic event detection along the wellbore. This, coupled with our advanced analytical insights, is helping our clients evaluate the effectiveness of their completions designs." Adding to the overall increase in acquired and processed events, Spectraseis, an ESG managed company, has helped push ESG's 2017 event count over the one-million mark with its expanding seismicity monitoring network and surface based hydraulic fracture monitoring business. Brad Birkelo, EVP Surface and ISM Solutions, points out that "oil and gas operators are now proactively seeking solutions to monitor seismicity in their operations and Spectraseis is positioned well in the market with its full-service acquisition, processing and web portal analysis solution – the ISV-Pro™." In addition, ESG's permanent reservoir monitoring business RESMAP® was steady in 2017, recording passive seismic data 24/7 at oil and gas operations in Western Canada, the Middle East and other locations internationally. ESG is a leading provider of passive seismic reservoir monitoring systems for enhanced thermal oil recovery operations. According to Jhamandas, "ESG's reservoir monitoring business continues strong as E&P operators focus their efforts on optimization of enhanced oil recovery projects, many of which are candidates for passive microseismic monitoring systems." As for 2018, Jhamandas goes on to note, "The momentum from 2017 has carried into 2018 and we are expecting another record-setting year." About ESG Solutions:
Founded in 1993, ESG Solutions (Engineering Seismology Group or ESG) is a pioneer and leading provider of innovative downhole and surface-based microseismic solutions for the mining, oil and gas and geotechnical industries. ESG helps operators optimize production, reduce costs, improve safety and mitigate risk associated with hydraulic fracturing, thermal enhanced oil recovery, waste-water injections, natural gas storage, underground and open-pit mining, coal seam gasification, carbon sequestration and geotechnical applications. ESG Solutions is an operating company of Spectris plc. ESG is headquartered in Kingston (Canada), with operations in Houston, Denver (Spectraseis) and Calgary, and offices in Dallas, Pittsburgh, Beijing, Brisbane, and Dubai. www.esgsolutions.com
About Spectris plc:
Spectris plc is a leading supplier of productivity-enhancing instrumentation and controls. Headquartered in Egham, Surrey, United Kingdom, the Company employs over 9,000 people with offices in more than 30 countries. For more information, visit www.spectris.com .

ESG Solutions Announces the Acquisition of Spectraseis
30.11.2016 08:02
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ESG Solutions is a leading supplier of microseismic monitoring technology and analysis solutions to customers in the oil and gas and mining sectors. The company has confirmed the acquisition of Spectraseis, an industry leader in surface-based seismic technology and services. Spectraseis will be integrated into ESG , and will result in a combined expertise in downhole and surface-based microseismic technology, services and advanced data analysis that is unique to the marketplace. Over its 22 year history, ESG has been at the forefront of innovation in passive seismic monitoring solutions. Specializing in advanced multi-array downhole acquisition and analysis, ESG has experienced tremendous growth in recent years fueled primarily through its FRACMAP, HYBRID and SMTI Production Suite offerings. Complementing ESG's existing offerings, Spectraseis's surface-based seismic services and ISM networks are supported by an array of patented methods designed to maximize value from the data and help clients perform their operations in a responsible manner. "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. "
(Press Release)

ESG Solutions Announces the Acquisition of Spectraseis

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ESG Solutions Logo. HOUSTON, Dec. 15, 2015 /PRNewswire/ -- ESG Solutions, an industry leader in microseismic services and technology, recently acquired Spectraseis Inc., a company on the forefront of surface-based seismic technology in Hydraulic Fracture Monitoring and Induced Seismicity Monitoring (ISM). Quickly and accurately detecting seismicity near to, or associated with, hydraulic fracture operations is key to avoiding costly shutdowns and wellbore damage. ESG now offers Spectraseis Induced Seismicity Monitoring, on a permanent, semi-permanent or temporary, wireless network of seismic data acquisition arrays that are installed with low footprint, either in boreholes or on surface, to detect and characterize sources of seismic activity. "Induced Seismicity Monitoring is one of Spectraseis' key technologies," says Brad Birkelo, Executive Vice President, Surface and ISM at Spectraseis, "and providing a rapid and accurate solution to mitigate risks associated with injections of any type is of high value to clients, especially in this current climate of tightening regulations. "
Operators can monitor seismicity remotely and in real-time using Spectraseis' web-based, interactive software, ISV-Pro™. In addition, a "traffic light" system can be implemented to alert operators of seismicity that is approaching key magnitude thresholds in pre-defined areas of interest, allowing them to quickly alter their operations to avoid going over seismic limits. Additionally, monitoring seismicity over time allows operators to determine the baseline of seismicity in the region, which assists with regulatory compliance and public transparency. Combining existing Spectraseis ISM infrastructure with ESG's state-of-the-art, patented Hybrid™ system during hydraulic fracture operations ensures a more robust picture of the energy distributions and magnitudes as they relate to the treatment program by enabling a broader range of seismic event magnitudes (Mw -4 to Mw +4) to be detected over a larger spatial area. Conveniently offered through one provider, microseismic events (-4 Mw to 0 Mw) are detected by ESG's high-frequency, 15 Hz geophones and larger events (> Mw 0) are detected by low-frequency Spectraseis sensors, in this time-synchronized system. "At ESG, we pride ourselves on being on the leading edge of innovation in passive seismic technology," says Dr. Ted Urbancic, Chief Technology Officer of ESG. "In acquiring Spectraseis, we're expanding our offering of sophisticated monitoring services to provide our clients with an optimal assessment of seismic activity in the area of their hydraulic fracture operations through either ISM or microseismic monitoring, or the combination of the two in our Hybrid™ system. " 
About ESG Solutions:
Founded in 1993, ESG Solutions is a leading provider of innovative microseismic solutions for the mining, oil and gas and geotechnical industries. ESG helps operators improve safety, optimize production, reduce costs and mitigate risk associated with underground and open-pit mining, hydraulic fracturing, thermal enhanced oil recovery, waste-water injection, natural gas storage, carbon sequestration and geotechnical applications. ESG is headquartered in Kingston (Canada), with operations in Calgary, Houston, Beijing and Perth and sales offices in Dallas and Dubai. For more information, visit www.esgsolutions.com . About Spectraseis:
Spectraseis is a leader in surface-based microseismic sensing technology for hydraulic fracture monitoring, stimulation evaluation and Induced Seismicity Monitoring (ISM). Established in 2004, it provides services to many of the world's leading oil and gas exploration and production firms, including a growing customer base among North American unconventional resource operators and has offices in Houston, Denver and Calgary. For more information on Spectraseis visit www.spectraseis.com . About Spectris plc:
Spectris plc (LSE:SXS) is a leading supplier of productivity-enhancing instrumentation and controls. The Company's products and technologies help customers to improve product quality and performance, improve core manufacturing processes, reduce downtime and wastage and reduce time to market. Spectris operates across four business segments which reflect the applications and industries it serves: Materials Analysis, Test and Measurement, In-line Instrumentation and Industrial Controls. Headquartered in Egham, Surrey, United Kingdom, the Company employs over 8,000 people with offices in more than 30 countries. For more information, visit www.spectris.com . Contacts:

ESG Solutions Offers Market Leading Induced Seismicity Monitoring System through Acquisition of Spectraseis Inc.

.
 
December 15, 2015 --
HOUSTON, Dec. 15, 2015 /PRNewswire/ --ESG Solutions, an industry leader in microseismic services and technology, recently acquired Spectraseis Inc., a company on the forefront of surface-based seismic technology in Hydraulic Fracture Monitoring and Induced Seismicity Monitoring (ISM). Quickly and accurately detecting seismicity near to, or associated with, hydraulic fracture operations is key to avoiding costly shutdowns and wellbore damage. ESG now offers Spectraseis Induced Seismicity Monitoring, on a permanent, semi-permanent or temporary, wireless network of seismic data acquisition arrays that are installed with low footprint, either in boreholes or on surface, to detect and characterize sources of seismic activity. "Induced Seismicity Monitoring is one of Spectraseis' key technologies," says Brad Birkelo, Executive Vice President, Surface and ISM at Spectraseis, "and providing a rapid and accurate solution to mitigate risks associated with injections of any type is of high value to clients, especially in this current climate of tightening regulations. "
Operators can monitor seismicity remotely and in real-time using Spectraseis' web-based, interactive software, ISV-Pro. In addition, a "traffic light" system can be implemented to alert operators of seismicity that is approaching key magnitude thresholds in pre-defined areas of interest, allowing them to quickly alter their operations to avoid going over seismic limits. Additionally, monitoring seismicity over time allows operators to determine the baseline of seismicity in the region, which assists with regulatory compliance and public transparency. Combining existing Spectraseis ISM infrastructure with ESG's state-of-the-art, patented Hybrid system during hydraulic fracture operations ensures a more robust picture of the energy distributions and magnitudes as they relate to the treatment program by enabling a broader range of seismic event magnitudes (Mw -4 to Mw +4) to be detected over a larger spatial area. Conveniently offered through one provider, microseismic events (-4 Mw to 0 Mw) are detected by ESG's high-frequency, 15 Hz geophones and larger events (> Mw 0) are detected by low-frequency Spectraseis sensors, in this time-synchronized system. "At ESG, we pride ourselves on being on the leading edge of innovation in passive seismic technology," says Dr. Ted Urbancic, Chief Technology Officer of ESG. "In acquiring Spectraseis, we're expanding our offering of sophisticated monitoring services to provide our clients with an optimal assessment of seismic activity in the area of their hydraulic fracture operations through either ISM or microseismic monitoring, or the combination of the two in our Hybrid system. "
About ESG Solutions:
Founded in 1993, ESG Solutions is a leading provider of innovative microseismic solutions for the mining, oil and gas and geotechnical industries. ESG helps operators improve safety, optimize production, reduce costs and mitigate risk associated with underground and open-pit mining, hydraulic fracturing, thermal enhanced oil recovery, waste-water injection, natural gas storage, carbon sequestration and geotechnical applications. ESG is headquartered in Kingston (Canada), with operations in Calgary, Houston, Beijing and Perth and sales offices in Dallas and Dubai. For more information, visit www.esgsolutions.com . About Spectraseis:
Spectraseis is a leader in surface-based microseismic sensing technology for hydraulic fracture monitoring, stimulation evaluation and Induced Seismicity Monitoring (ISM). Established in 2004, it provides services to many of the world's leading oil and gas exploration and production firms, including a growing customer base among North American unconventional resource operators and has offices in Houston, Denver and Calgary. For more information on Spectraseis visit www.spectraseis.com . About Spectris plc:
Spectris plc (LSE:SXS) is a leading supplier of productivity-enhancing instrumentation and controls. The Company's products and technologies help customers to improve product quality and performance, improve core manufacturing processes, reduce downtime and wastage and reduce time to market. Spectris operates across four business segments which reflect the applications and industries it serves: Materials Analysis, Test and Measurement, In-line Instrumentation and Industrial Controls. Headquartered in Egham, Surrey, United Kingdom, the Company employs over 8,000 people with offices in more than 30 countries. For more information, visit www.spectris.com . Contacts:

Companies in the Oil & Gas Tech space, including those focused on improving operations across upstream, midstream, and downstream sectors, as well as those working on sustainable fuels.

Oil & Gas Tech

Acquired

Spectraseis, founded in 2004, provides in surface-based microseismic sensing technology for hydraulic fracture monitoring ("HFM"), stimulation evaluation and induced seismicity monitoring ("ISM"). The company provides services to many of the world's leading oil and gas exploration and production firms, including a growing customer base among North American unconventional resource operators.

Date	Round	Amount	Investors	Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.	Revenue	Sources
10/15/2015	Acquired		ESG Solutions	$XXM	0 FY undefined	1
	Other Investors		Subscribe to see more	$XXM	0 FY undefined	0

Date	10/15/2015
Round	Acquired	Other Investors
Amount
Investors	ESG Solutions	Subscribe to see more
Valuation	$XXM	$XXM
Revenue	0 FY undefined	0 FY undefined
Sources	1	0

First funding	Last Funding	Investor	Rounds	Type	Location
10/15/2015	10/15/2015	ESG Solutions	1 Acquired	Corporation	Canada
		Warburg Pincus	Subscribe to see more	Private Equity	New York
		Hydro Extrusions	Subscribe to see more	Corporation	Norway
		Statoil Hydro Venture	Subscribe to see more	Venture Capital	Norway

First funding	10/15/2015
Last Funding	10/15/2015
Investor	ESG Solutions	Warburg Pincus	Hydro Extrusions	Statoil Hydro Venture
Rounds	1 Acquired	Subscribe to see more	Subscribe to see more	Subscribe to see more
Board Seats
Type	Corporation	Private Equity	Corporation	Venture Capital
Location	Canada	New York	Norway	Norway

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