HOUSTON, Oct. 03, 2016 (GLOBE NEWSWIRE) — Z-Terra, a rapidly growing provider of integrated enterprise seismic imaging software and seismic processing solutions for the global upstream oil and gas industry, announced today that it has been recognized by the Houston Business Journal as one of the top ten fastest growing companies in the 2016 Houston Fast Tech 25. Founded in 2010, Z-Terra’s software helps oil and gas companies visualize with higher resolution 3-D earth structures and reduces the cost and drilling risk associated with oil and gas exploration.
“It is a great honor and we are proud to be recognized as one of the fastest growing technology companies in Houston. We have a great team with the passion and discipline to execute on our growth plan,” said Alexander Mihai Popovici, Z-Terra’s CEO and Chairman. “This is especially hard in this downturn in oil and gas exploration. We were recognized in 2012 as one of the top ten fastest growing technology companies in Houston. The current award covers 2013-2015. But we have some hard times ahead of us until the industry recovers.”
One of the technologies pioneered by Z-Terra is Diffraction Imaging, a new approach to image with super-resolution areas with increased natural fracture density in unconventional shales, thus guiding reservoir engineers to design an optimal well placement program that targets the sweet spots, areas with increased production, and minimizes the total number of wells used for a prospective area.
Z-Terra is a provider of integrated enterprise seismic imaging software and seismic processing solutions for the global upstream oil and gas industry. Z-Terra’s advanced imaging software (Kirchhoff PSTM/PSDM, Tomography, Fast Beam Migration, Beam Tomography, Wave-Equation Migration, RTM, 5-D Interpolation, Diffraction Imaging, Modeling and Illumination) creates high resolution images of the earth’s subsurface, revealing complex structural and stratigraphic detail.
CONTACT: contact: Alexander Mihai Popovici CEO and Chairman (281) 945-0000 firstname.lastname@example.org