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Fairfield Geotechnologies

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Fairfield Geotechnologies
Company typePrivately held company
IndustryOilfield services
Founded1976; 48 years ago (1976)
HeadquartersHouston, Texas
United States
Key people
Joe Dryer, CEO
Joseph Dryer, President
Jose Xavier, CFO
ParentFairfield-Maxwell Ltd. (Sugahara family)
Websitefairfieldgeo.com

Fairfield Geotechnologies is a seismic service company focusing on data licensing and data processing as well as imaging, data analytics and data interpretation. It is headquartered in Houston, Texas.

History

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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

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References

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  1. ^ "Fairfield acquires RFTrax". American City Business Journals. April 14, 2005.
  2. ^ "FairfieldNodal sells seismic systems to Apache". American City Business Journals. September 8, 2011.
  3. ^ 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.
  4. ^ "MSEIS: Completion of agreement to acquire Fairfield Geotechnologies Seismic Technologies business" (Press release). mfn. December 18, 2018.
  5. ^ 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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