Second US Patent awarded

WIT's second US Patent (8,335,651 B2), Estimation of Propagation Angles of Seismic Waves in Geology with Application to Determination of Propagation Velocity and Angle-Domain Imaging, was issued by the USPTO on December 18, 2012.

New Employees!

WIT is pleased to announce the addition of two new team members:

• Kevin Rybicki has joined as a Junior Depth Processor in WIT’s Houston headquarters. A former college swimmer, Kevin comes to geophysics from medical imaging.

• Ed Andrews, recently retired Chief Geophysicist of EXCO Resources in Pittsburgh, has joined WIT as a Senior Exploration Consultant. Ed will develop new business and maintain client relationships in the northeastern US.

The WIT Crew at the SEG in Las Vegas

Our new booth looks pretty sharp!

WIT wins spot on FastTech 50 for second year in a row

WIT was again awarded a spot (#44) on the Houston Business Journal's FastTech 50.

SEG 2012

Please visit WIT's booth at the Las Vegas SEG convention. Waaaay in the back, booth #781. We're flying the entire crew in for the conference.

Interpreter's Guide to Depth Imaging

Interpreter's Guide to Depth Imaging, by Scott MacKay, (MacKay Consulting, Denver, CO), republished by permission. Scott (contact) is recognized as one of the industry's top advocates of PSDM technology. As an independent consultant, he advises his clients (E&P companies) how to get the best PSDM result from vendors. We at WIT feel that Scott's advice is spot-on and recommend reading the paper listed above before starting a PSDM project.

Upcoming WIT Presentations

• September 10, 2012, Rocky Mountain AAPG Section, Grand Junction, CO
• September 19, 2012, Geophysical Society of Alaska Luncheon, Anchorage, AK.
• October 3, 2012, Pacific Coast Section SEG Luncheon, Bakersfield, CA
• November 5, 2012 (4:25 pm), SEG conference in Las Vegas: An alternative amplitude analysis theory—Joseph H. Higginbotham*, Cosmin Macesanu, Morgan P. Brown, Oscar Ramirez, and Cathy Joanne (AVO 1.8).
• Wednesday, November 7, 2012 (4 pm), SEG conference in Las Vegas: PSDM for unconventional reservoirs? A Niobrara Shale case study—Morgan P. Brown, Joseph H. Higginbotham,Cosmin M. Macesanu, and Oscar E. Ramirez, Wave Imaging Technology Inc.; Dave List and Chris Lang, Fidelity E&P Company (SS 4.7)
• Thursday, November 8, 2012, Mississippi Geological Society Luncheon, Jackson, MS

New Website Design

We've upgraded WIT's website, with the help of Boulder-based designer Jay Tomlinson. Please take a look at waveimagingtechnology.com

WIT...A Tech Startup to Watch!

WIT is listed by the June 25, 2012 Houston Chronicle as a Tech Startup to Watch.

WIT Presenting at Denver Geophysical Society Luncheon, June 14, 2012

Lecture: Morgan Brown, CEO of Wave Imaging Technology Inc. will be presenting ‘Prestack Depth Migration for "Easy" Onshore Plays?’

Abstract:
Traditionally, prestack depth migration (PSDM) was considered an exotic technology, applicable only for imaging "complex" geology. Offshore subsalt imaging drives the use of the most advanced PSDM technologies, like Reverse-Time depth Migration (RTM), however, given the recent resurgence of onshore exploration, we ask: can PSDM make an impact on "easy" onshore plays? We present an unconventional oil shale case study which convincingly illustrates three key reasons for (re)considering PSDM:

1. Remove false time structures caused by lateral variations in velocity.
2. Improve focusing of dipping beds and faults.
3. Improve the accuracy of seismic attributes.

WIT's third US Patent application published

WIT's third patent application, "Methods and Computer-Readable Medium to Implement Inversion of Angle Gathers for Rock Physics Reflectivity Attributes", was published recently by the USPTO (Application No. 13/065,032). Feel free to download the patent application.

WIT Presenting at Geophysical Society of Pittsburgh dinner meeting, Tuesday May 1, 2012

Lecture: Morgan Brown, CEO of Wave Imaging Technology Inc. will be presenting ‘Prestack Depth Migration for "Easy" Onshore Plays?’

Abstract:
Traditionally, prestack depth migration (PSDM) was considered an exotic technology, applicable only for imaging "complex" geology. Offshore subsalt imaging drives the use of the most advanced PSDM technologies, like Reverse-Time depth Migration (RTM), however, given the recent resurgence of onshore exploration, we ask: can PSDM make an impact on "easy" onshore plays? We present an unconventional oil shale case study which convincingly illustrates three key reasons for (re)considering PSDM:

1) Remove false time structures caused by lateral variations in velocity. 2) Improve focusing of dipping beds and faults. 3) Improve the accuracy of seismic attributes.

Place: Penn Brewery Restaurant
Time: 4:45 pm Social Hour, 5:45 pm Dinner, 7pm Lecture
Cost: $35

WIT #13 in 2011 FastTech 50

WIT made the select FastTech 50 list of fastest growing technology firms in Houston. Our 99.4% revenue growth from 2009 to 2010 elevated WIT to #13 on the list! Read here for an interview with WIT's Morgan Brown.