TGS' Birmingham 3D seismic survey targets 276 sq miles of formations in the Appalachian Basin, including the Ordovician Trenton, Black River, Utica/Point Pleasant, Cambrian reservoirs and Silurian Clinton sands. (Source: TGS, Shutterstock)
TGS has extended the Birmingham 3D seismic survey in the Appalachian Basin, the energy data provider said in an Oct. 23 press release.
The survey, which is positioned up-dip from the Utica condensate and gas trend, will target 276 sq miles of formations, including the Ordovician Trenton, Black River, Utica/Point Pleasant, Cambrian reservoirs and Silurian Clinton sands, TGS said.
The 3D survey uses seismic imaging to map deep structures to aid E&Ps in identifying hydrocarbon traps, analyzing facies changes and optimizing well placement.
“Combined with our well-log database and analytical products, it [Birmingham-Gemini 3D survey] provides clients with critical insights to drive exploration and production success, highlighting our dedication to delivering premium geoscience data for informed decision-making,” said Kristian Johansen, CEO of TGS.
Recording for the Birmingham-Gemini 3D survey will commence in early 2025, with the fully processed dataset available to clients by year-end.
S&P Global assigned TGS a ‘BB-‘ rating on Oct. 23. This follows Moody’s Ratings upgrade for TGS to Ba3 from Ba2 on Sept. 26.
Recommended Reading
ConocoPhillips Hits Permian, Eagle Ford Records as Marathon Closing Nears
2024-11-01 - ConocoPhillips anticipates closing its $17.1 billion acquisition of Marathon Oil before year-end, adding assets in the Eagle Ford, the Bakken and the Permian Basin.
Companies Take Advantage of ABSs to Finance Acquisitions
2024-10-17 - Some companies have taken advantage of asset-backed securitizations to monetize some of their cash flows and better position themselves for a sale.
Post Oak Backs New Permian Team, But PE Faces Uphill Fundraising Battle
2024-10-11 - As private equity begins the process of recycling inventory, likely to be divested from large-scale mergers, executives acknowledged that raising funds has become increasingly difficult.
Midstream M&A Adjusts After E&Ps’ Rampant Permian Consolidation
2024-10-18 - Scott Brown, CEO of the Midland Basin’s Canes Midstream, said he believes the Permian Basin still has plenty of runway for growth and development.
EON Enters Funding Arrangement for Permian Well Completions
2024-12-02 - EON Resources, formerly HNR Acquisition, is securing funds to develop 45 wells on its 13,700 leasehold acres in Eddy County, New Mexico.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.