Fairfield Geotechnologies
Fairfield Geotechnologies focuses on data licensing and data processing plus imaging, data analytics and data interpretation. It is headquartered in Houston, Texas.
| Type | Privately held company |
|---|---|
| Industry | Oilfield services |
| Founded | 1976 |
| Headquarters | Houston, Texas United States |
Key people | Chris Sugahara, CEO Joseph Dryer, President Jose Xavier, CFO |
| Parent | Fairfield-Maxwell Ltd. (Sugahara family) |
| Website | fairfieldgeo |
History
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
References
- "Fairfield acquires RFTrax". American City Business Journals. April 14, 2005.
- "FairfieldNodal sells seismic systems to Apache". American City Business Journals. September 8, 2011.
- 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.
- "MSEIS: Completion of agreement to acquire Fairfield Geotechnologies Seismic Technologies business" (Press release). mfn. December 18, 2018.
- Pulsinelli, Olivia (November 5, 2018). "Houston oil and gas imaging co. to sell major portion of business to Norway co". American City Business Journals.
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