SOURCE: SIGMA3 Integrated Reservoir Solutions

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September 23, 2013 11:00 ET

SIGMA3 Selected by Fasken Oil & Ranch for Permian Basin Projects

HOUSTON, TX--(Marketwired - September 23, 2013) - SEG Annual Meeting --  SIGMA3 Integrated Reservoir Solutions, Inc. has been selected by Fasken Oil & Ranch, Ltd. to provide real-time microseismic fracture mapping, processing and interpretation for key assets in the Permian Basin.

"We have utilized several different companies to acquire microseismic surveys in both the Permian Basin and the Eagle Ford, but the company of choice for us is SIGMA3 due to the fact that they are able to acquire and process data from large-aperture, 40-level arrays," said Glenn Winters, Chief Geophysicist, Fasken Oil & Ranch. "This is more than twice the number of geophones as their competition, and in addition, we believe their processing algorithms are the best in the industry."

"In unconventional reservoirs, it's all about designing and acquiring microseismic data that provides the highest level of confidence in real time and providing our clients with unprecedented insight to make critical business decisions," said Jorge Machnizh, CEO of SIGMA3. "We appreciate the opportunity to help the Fasken team enhance their ability to meet their production objectives and look forward to working with them on upcoming projects."

About SIGMA3 Integrated Reservoir Solutions
SIGMA3 Integrated Reservoir Solutions, Inc., is a leading technology provider for the oil and gas industry that advises oil and gas companies where and how to drill the most prolific wells, while maximizing their production. Through a truly integrated, reservoir-centric portfolio of technology, expertise and services, SIGMA3 delivers an unprecedented level of integration that spans reservoir understanding to production optimization. For more information visit www.sigmacubed.com.

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