Page 13 - NorthAmOil Week 46

NorthAmOil
NEWS IN BRIEF
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gas, combined with the extensive software experience of the combined WolfePak and DocVue leadership teams, poise the Company to achieve aggressive growth in new and existing markets,” said Mayur Desai, Principal at Charlesbank.
Based in Morrison, Colorado, DocVue provides the oil and gas industry with solutions that provide intelligent capture of oilfield documentation, automated distribution through approval processes, and easy and secure electronic access to
a centralised repository for lease records, contracts, AFEs, invoices, and other critical documents. Immediate plans include additional research and development in both the cloud and enterprise offerings of DocVue and extending the offering of the current WolfePak Document Management solution. WOLFEPAK SOFTWARE, November 19, 2019
Geospace Technologies announces receipt of an order for a 30,000-channel GCL wireless recording system
Geospace Technologies Corporation today
announced the receipt of an order for
its GCL wireless recording system from SAExploration, a wholly-owned subsidiary of SAExploration Holdings. The order is for 30,000 single-channel recording stations and related equipment. Revenue on the order will be approximately $12.5 million and the company expects delivery of the system to occur in its second quarter ending March 31, 2020.
Walter R. (Rick) Wheeler, president
and CEO of Geospace Technologies, said: “Our GCL represents the most advanced technology available in cable-free seismic recording systems, and we are very appreciative of the conscious choice made by SAExploration to incorporate this unique technology in their operations.”
GEOSPACE TECHNOLOGIES CORPORATION, November 18, 2019
M O V E S
New Mexico joins Western
States and Tribal Nations
natural gas initiative
The State of New Mexico today became the newest member of Western States and Tribal
Nations (WSTN) natural gas initiative, adding a strong advocate for the power of responsible, environmentally sound energy production to boost rural economies.
WSTN is a unique international initiative led by sovereign tribal nations, states and counties, and demonstrates that seeking a balance between energy and environmental goals can be a bipartisan effort.
“The Energy, Minerals and Natural Resources Department is pleased to represent New Mexico today in joining the Western States and Tribal Nations initiative,” Energy, Minerals and Natural Resources Department Cabinet Secretary Sarah Cottrell Propst said. “Supporting rural economic development in New Mexico is a priority for this administration and we look forward to working with this diverse coalition to find new markets for our energy.”
WSTN advocates for rural economic development, tribal self-determination and a cleaner environment by supporting Asian export market development for liquefied natural gas sourced from producing basins in western North America, as well as efforts to build the infrastructure to connect those basins to the export supply chain. WESTERN STATES AND TRIBAL NATIONS, November 18, 2019
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