ZeroRisk

Greetings,

I’m pleased to report that our ‘ZeroRisk’ trial methodology has taken off and we’re now conducting analysis worldwide using our Unsupervised Neural Network technology.   Those of you seeking to know more about our ZeroRisk methodology are invited to visit the website via http://www.geoinsights.com/clinics.aspx, or contact Hal Green, Business Development Manager, at 713.480.2260 or hal.green@geoinsights.com. 

The subject of Unsupervised Neural Networks applied to seismic interpretation also continues to gain the attention of the energy editors.  

Also, in our newsletter, Quarterly Insights, we have a new contributor:  Ken Cooley, a consultant to Geophysical Insights, who highlights the role of the Professional Petroleum Data Model (PPDM) in our product development plans.  Ken and others are leading an industry-wide, open initiative to incorporate information about seismic data into the industry-standard PPDM.  I invite you to read Ken’s piece (http://www.geoinsights.com/papers/ppdm_white_paper.pdf) and feel free to respond directly with Ken on this exciting development. 

Thanks for your continuing interest.  

Tom Smith

Geophysical Insights Webinar - "A Self Organizing Map Primer - Unsupervised Neural Nets Demystified"

In case you missed the Geophysical Insights webinar on November 17^th, please visit the link below. The webinar, "A Self Organizing Map Primer - Unsupervised Neural Nets Demystified", presents a non-technical illustration of how neurons are used to classify seismic trace data with greater reliability than conventional methods.

Welcome!

Welcome to the launch of Geophysical Insights and our blog! These are exciting times for our young firm and the industry we serve. Hopefully some of you saw the article about our launch in the September issue of Harts E&P.  I am also pleased to report that the 4 October edition of Oil & Gas Journal features our article on the application of unsupervised neural network technology.   The article surveys the application of neural network technologies to seismic interpretation.  If you’ve not seen these publications yet,  please see the “Newsroom” box on the home page. There’s more to come. Now, a bit about our mission – developing new, disruptive technologies for finding hydrocarbons.

Despite current efforts to develop alternative energy sources, the worldwide demand for hydrocarbons, particularly oil, continues to grow. New technologies will be needed to increase the percentage of recoverable reserves to meet this expected demand. We’re excited about the application of neural network technology to derive new insights into the large and growing volume of seismic and well log data. We see this technology as ‘disruptive’ in that it enables the evaluation of many tens of attributes from the seismic response, something impossible for us mere mortals to visualize.

I’d welcome your feedback on applications of this technology and other subjects regarding innovative software technologies for finding hydrocarbons. Thanks again for stopping by!