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TerraSpark Geosciences, L.P.
PMB # 544, Suite E4
2525 Arapahoe Ave.
Boulder, CO 80302
+1 303 379 2120
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TerraSpark Geosciences, L.P.
FOR IMMEDIATE RELEASE
APRIL 1, 2009
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CONTACTS: Pamela Griffin +1 713 444 6409
Mark Whittier +1 214 532 8935
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TERRASPARK™ AND TRUE OIL LLC SIGN INTERPRETATION SOFTWARE AGREEMENT
DENVER and BOULDER, CO, April 1, 2009 –
TerraSpark Geosciences, provider of
software and consulting services for 3-D interpretation, directional well
path planning and velocity model building, announced today that True Oil,
LLC has purchased TerraSpark's Insight Earth® software suite.
Commenting on the announcement, Geoffrey Dorn, Ph.D., President of
TerraSpark Geosciences, said "True Oil's purchase of TerraSpark's Insight
Earth demonstrates the value TerraSpark delivers to oil and gas companies in
the current economy. Companies are expected to do more with their dollars,
and Insight Earth provides an excellent cost/benefit improvement
interpretations can be done more quickly and with greater accuracy for a
lower cost of software ownership.
Roger Barton, Chief Geologist of True Oil, said "Using Insight Earth, True
Oil has been able to interpret complex data and pick faults in a
visually-intuitive way that was not possible using any other software. This
will enable us to plan wells and produce difficult-to-find fields more
rapidly and easily than ever before."
The Insight Earth solution provides TerraSpark's customers with powerful,
breakthrough 3-D seismic interpretation technology that enables
visualization-guided interpretation of both structure and stratigraphy in an
integrated workflow where each step informs and improves the next. Insight
Earth provides more complete and accurate interpretation results from a 3-D
volume in a fraction of the time.
About TerraSpark:
TerraSpark Geosciences (www.terraspark.com),
based near Boulder in Westminster, Colorado, leverages its unique blend of
upstream industry experience, geoscience expertise and computer science
skills to deliver groundbreaking software solutions. The company creates
software tools for seismic data interpretation, seismic data processing,
directional well-path planning and 3-D visualization. Their leadership in
industry consortia and interpretation technology and history of successful
patents distinguish them in this highly technical field. For more
information about TerraSpark, please visit
www.terraspark.com
Insight Earth features:
| Insight Earth Base™ | Data and visualization management |
| Insight Earth Structure™ | Structural geometry interpretation |
| Insight Earth Stratigraphy™ | Stratigraphic feature analysis |
| Insight Earth Model™ | Principal Surface extraction |
About True Oil:
True Oil LLC is a family-owned exploration and production company operating
mainly in the Rocky Mountain region with the capability and expertise to
explore and operate throughout the United States and other countries. The
company's mission is to work safely to increase reserves of oil and gas
through drilling and acquisitions, to efficiently produce and optimize
recovery of existing reserves to achieve long-term profitability, to be good
stewards of the environment, and to uphold the good name and integrity of
the True Family. For more information about True Oil, please visit
www.truecos.com
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If you would like to find out more about TerraSpark solutions and services, please contact us. |
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