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How a fracking boom startup is taking its seismic science into the climate change era

CNBC LogoCNBC6d ago

How a fracking boom startup is taking its seismic science into the climate change era - CNBC

Quick Summary:

The fracking boom was the money maker in Microseismic's early days, but the science and geological uses have evolved in surprising ways.

That's all a long way from where Microseismic thought the business of its science was headed in 2003."When we started the exit strategy was to improve the tech and sell it to a strategic buyer, a Halliburton or Schlumberger," Duncan said."We waited for a knock on the door.

Its approach made Microseismic a dominant force in frac monitoring services – for a time."The nature of the world has changed," Duncan said.


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Article Details

Category: Technology

Topics: Occidental Petroleum Corp Earth science Geothermal energy CNBC Disruptor 50 Construction and Engineering Sink holes Articles Carbon capture Energy Hydraulic fracturing Source:tagname:CNBC US Source Schlumberger NV Cnbc Technology Special Reports Halliburton Co Oil and Gas Science Baker Hughes Co

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 15:15:00

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Reading Time: 16 minutes read

Article Length: 2834 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 495898

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About CNBC

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Official Website: cnbc.com

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Year Established: 2005

Headquarters: United States

News Last Updated: 9h ago

Coverage Areas: United States

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