Fairfield Geotechnologies

Fairfield Geotechnologies is a seismic service company focusing on data licensing and data processing as well as imaging, data analytics and data interpretation. It is headquartered in Houston, Texas.

Fairfield Geotechnologies
Company typePrivately held company
IndustryOilfield services
Founded1976; 48 years ago (1976)
HeadquartersHouston, Texas
United States
Key people
Joe Dryer, CEO
Joseph Dryer, President
Jose Xavier, CFO
ParentFairfield-Maxwell Ltd. (Sugahara family)
Websitefairfieldgeo.com

History

edit

The company was founded in 1976 and immediately began its first 2D transition zone program in Louisiana.

In 1989, it introduced its first, non-exclusive 3D survey.

In April 2005, the company acquired RFTrax.[1]

In 2011, the company sold $30 million of seismic exploration equipment to Apache Corporation.[2]

In April 2018, the company acquired Geokinetics’ U.S. multiclient data library.[3]

In December 2018, the company sold its seismic technologies business and a U.K. subsidiary to Norway’s Magseis ASA for $233 million.[4][5]

See also

edit

References

edit
  1. ^ "Fairfield acquires RFTrax". American City Business Journals. April 14, 2005.
  2. ^ "FairfieldNodal sells seismic systems to Apache". American City Business Journals. September 8, 2011.
  3. ^ Pulsinelli, Olivia (June 27, 2018). "Houston-based seismic data co. files for Chapter 11, plans to sell assets to another local co". American City Business Journals.
  4. ^ "MSEIS: Completion of agreement to acquire Fairfield Geotechnologies Seismic Technologies business" (Press release). mfn. December 18, 2018.
  5. ^ Pulsinelli, Olivia (November 5, 2018). "Houston oil and gas imaging co. to sell major portion of business to Norway co". American City Business Journals.
edit