A member of the North Texas Oil and Gas Association, Larry M. Koonce founded North American Drilling Corporation in 2006. As its president and chief executive officer, Larry Koonce oversees the company’s operations, which include every step of the oil and gas extraction process, from managing investments and finding sites through 2D and 3D seismic mapping technology.
Developed in the 1980s, 3D seismic mapping technology gives geologists more accurate views of the subterranean topography than older 2D technology. Using a denser data collection method, its geophone array is laid out in a grid and provides a detailed image with advantages like accurate location information and calculations as to whether the area contains hydrocarbon.
Although the process is expensive and it can be difficult to confirm whether the hydrocarbon is oil or gas without drilling, 3D seismic mapping can save companies time and money by helping to both find areas that have higher production potential and rule out low-potential drilling sites. Advances in the technology have led to 4D seismic mapping, which compiles 3D maps taken over a period of time to give a picture of the changes the ground undergoes as it shifts.
Developed in the 1980s, 3D seismic mapping technology gives geologists more accurate views of the subterranean topography than older 2D technology. Using a denser data collection method, its geophone array is laid out in a grid and provides a detailed image with advantages like accurate location information and calculations as to whether the area contains hydrocarbon.
Although the process is expensive and it can be difficult to confirm whether the hydrocarbon is oil or gas without drilling, 3D seismic mapping can save companies time and money by helping to both find areas that have higher production potential and rule out low-potential drilling sites. Advances in the technology have led to 4D seismic mapping, which compiles 3D maps taken over a period of time to give a picture of the changes the ground undergoes as it shifts.