Wave Imaging Technology Inc.

WIT #13 in 2011 FastTech 50

2012-01-01T11:07:00.000-08:00

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.

US Patent Issued!

2011-12-22T14:26:00.000-08:00

US Patent 8,082,107 B2, "Methods and Computer-readable Medium to Implement Computing the Propagation Velocity of Seismic Waves", was issued to WIT for its MVFA technology on December 20, 2011.
Please view the patent document

Upcoming WIT Presentations

2011-08-19T12:43:00.000-07:00

WIT will be presenting at the 2011 SEG convention in San Antonio. Joe Higginbotham will present "Amplitude Calibration" (4:25 pm - Wednesday - AVO 1), while Cosmin Macesanu will present "The pseudo-acoustic approximation to wave propagation in TTI media" (9:20 am - Wednesday - ANI 1).

Morgan Brown will make three (and hopefully more, as schedules firm) local SEG society luncheon presentations:

Thursday, Sept. 8 - Southeastern Geophysical Society (New Orleans)
Tuesday, Sept. 20 - Shreveport Geological Society
Thursday, Apr. 12 - Denver Geophysical Society

Feature Article in The Leading Edge

2010-11-03T04:33:00.001-07:00

WIT authors have published an invited paper on land PSDM and RTM in the November, 2010 The Leading Edge, the SEG's flagship publication. In the words of the editors, "As you'll see, RTM has moved beyond the realm of the easy synthetic...What's more, you'll see that RTM is moving beyond the Gulf of Mexico and invading turf usually left for more mundane imaging methods such as time migration...Higginbotham et al. demonstrate that advanced PSDM workflows are not only applicable, but probably indispensible, for successful prospecting in many onshore basins...Their field data examples show that PSDM can significantly improve the resolution of faults and steep dips, even when the lateral velocity variation is not radical."

You may download the paper here

Upcoming WIT Technical Presentations

2010-10-10T19:39:00.000-07:00

At the 2010 GCAGS Conference in San Antonio:
"Applications of Wave Imaging Technologies to Improve Deep Gulf Coast Prospecting" -- Morgan P. Brown, Joseph H. Higginbotham, Cosmin Macesanu, and Oscar E. Ramirez
Integrated Answers in Subsurface Exploration for Shelf-to-Ultradeep Opportunities (Part 2)
Tuesday, October 12 at 2:10 PM

At the 2010 SEG Convention in Denver:
"Angle decomposition for one-way wave equation migration" -- Cosmin Macesanu*, Joseph H. Higginbotham and Morgan P. Brown
SPMI 4 -- Gathers and Imaging Conditions
Wednesday, October 20, 2010 at 8:55 AM

"Self consistent AVA determination of density, bulk modulus, and shear modulus reflectivity" -- Joseph H. Higginbotham, Morgan P. Brown, and Oscar Ramirez, Wave Imaging Technology
AVO 3 -- Applications and Case Studies II
Wednesday, October 20, 2010 at 3:35 PM

At the Coastal Bend Geophysical Society luncheon:
"Applications of wave imaging technologies to improve onshore US prospecting" -- Morgan Brown
November 17, 2010 at 11:30 AM

Feature Article in October E&P Magazine

2010-10-08T19:02:00.000-07:00

Depth imaging for land seismic?
One Houston-based company says, “Absolutely.”

Rhonda Duey, Senior Editor

There seems to be a trend these days to take technology developed for marine seismic acquisition and processing and apply it to land. Recent examples have included a company that uses land “streamers” towed behind a truck rather than a boat and the announcement from Shell and PGS that the two companies would develop a land version of PGS’ OptoSeis fiberoptic technology.

A small company called Wave Imaging Technology (WIT) hopes to accomplish a similar move to dry land in seismic processing, using depth imaging techniques commonly applied to subsalt plays onshore, particularly in shale plays. With revenues tripling this year, it might not be a small company much longer.

Read the Full Article here

RTM webcast posted

2010-06-14T05:01:00.000-07:00

Press "play" below for a "tutorial" on our reverse-time migration (RTM). This video is narrated by WIT's CEO, Morgan Brown, and is excerpted from a talk given by Dr. Brown at the June, 2010 Denver Geophysical Society luncheon. It puts RTM into the context of other prestack depth migration methods, describes the algorithm in a step-by-step fashion, and illustrates RTM with two field data examples (Gulf Coast salt dome and Wyoming anticline). To view this tutorial at full-size, please visit
ScreenCast.com.

Second WIT Patent Application published

2010-06-13T19:12:00.000-07:00

WIT's second US Patent application, "Estimation of Propagation Angles in Geology with Application to Determination of Propagation Velocity and Angle-Domain Imaging", has been published by the USPTO on May 6, 2010. This patent application protects the innovations behind WIT Angle. Please download the patent application from our website.

New RTM, US Patent Application published

2010-03-14T20:14:00.000-07:00

WIT has rolled its new Reverse-Time Migration (RTM) into production. This advanced wave equation imaging algorithm can image "overturned" events and steep faults that one-way WEM algorithms have difficulty imaging. Above: See a comparison of PSTM and our new RTM on the classic Spindletop salt dome.

WIT's 2008 patent application for Migration Velocity Focusing Analysis (MVFA) has been published by the USPTO.

WIT Calendar of Events

2010-01-15T18:32:00.000-08:00

Please join WIT at these upcoming events:

June 10, WIT speaks at Denver Geophysical Society Luncheon
April 15, WIT speaks at Dallas Geophysical Society Luncheon
February 10-11, Winter NAPE
February 3, WIT speaks at Permian Basin Geophysical Society Luncheon
January 14, WIT speaks at Geophysical Society of Tulsa Luncheon

WIT at SEG

2009-10-23T12:01:00.001-07:00

WIT will exhibit at the 2009 SEG conference in Houston. Please drop by and see us in booth #215. Also, please check out our CEO Morgan Brown's talk on Wednesday, entitled "Sub-salt overpressure detection before drilling using wave equation migration technologies". This presentation will begin at 10:10 am in the "RC 3: Inversion Uncertainty and Rock Properties" session.

WIT Presents at HTC Energy Investor Forum

2009-08-23T19:25:00.001-07:00

WIT presented its business plan to nearly 100 investors at the Houston Technology Center's Energy Investor Forum on August 20. WIT has been an HTC client company since 2008. WIT's CEO Morgan Brown is visible in the photo of the presenters from the five client companies represented at the Forum.

Oscar Ramirez Hired as Manager of Data Processing Services

2009-08-23T14:25:00.001-07:00

Oscar comes to WIT from a position as senior geophysicist for Weinman GeoScience. Oscar and Morgan Brown worked together on a variety of projects at Hess Corp. Oscar brings nearly 15 years of experience from his prior work in Louisiana, deepwater Gulf of Mexico, Williston Basin, West and East Texas, Oklahoma, the North Sea, South China Sea, Peru, Morocco and offshore Brazil. He earned Bachelor's and Masters degrees in Earth Systems from Stanford University.

Need Angles? Get the RIGHT angles with WIT Angle

2009-07-02T11:05:00.000-07:00

WIT Angle: When Three Dimensions isn't Enough

Finally, you can combine the accuracy of wave equation migration with an efficient full-volume decomposition into incidence angle gathers or azimuth angle gathers. When the earth is complex, it is difficult to unravel incidence angle from surface offset or azimuth angle from surface azimuth. WIT Angle decomposes the image by incidence angle of azimuth angle at the reflector for maximum accuracy.

Find out more about WIT Angle.

WIT Moves Into New Offices

2009-05-05T09:25:00.001-07:00

Please update your address books! WIT is settled into our new offices at 11777 Katy Freeway, Suite 156, in Houston, Texas. Click on the image to view a large version of the map.

Due to the fact that we moved from Katy to Houston, we were forced to change phone numbers. The main desk is 281-556-5980, and for your convenience we have a toll-free number: 877-578-6105.

WIT Partners with ECHO Geophysical to provide WEM on Gulf Coast 3D Library

2009-03-16T16:11:00.000-07:00

WIT and ECHO Geophysical of Denver have partnered to offer WIT's excellent WIT Depth prestack depth migration services to selected datasets from ECHO's 3D Gulf Coast data library. WEM reprocessing of two ECHO 3D datasets is planned: West George West in South Texas, and Spindletop in Southeast Texas. Stay tuned for more details of this exciting offering!

WIT Depth to be presented at Geophysical Society of Kansas

2009-03-16T16:07:00.001-07:00

Wave Equation Simulation, Depth Imaging, and Velocity Analysis Over Shallow Salt

Modeling and depth migration techniques which use the "full" wave equation have a proven robustness to strong velocity structure, such as complex salt bodies in the Gulf of Mexico, and can in many cases out-perform Kirchhoff prestack depth migration or time migration. While Kansas is not normally viewed as a "sub-salt" play, from an imaging perspective, the salt collapse features found in many Kansas fields produce the velocity structure which makes depth migration in general, and wave equation depth migration (WEM) in particular, applicable.

In this talk we simulate and image--from variable topography--a 3D survey over a salt collapse feature, illustrating the effect of various survey geometries on the image quality. We'll present an efficient and general WEM angle decomposition scheme which enables AVA or azimuth-based prospecting in areas where time imaging fails. We'll go on to take the synthetic data through multiple iterations of depth velocity model building using an advanced WEM-based focusing scheme.

WIT Presents its Simulation and Imaging Technology

2009-02-03T19:57:00.000-08:00

WIT will present its Simulation and Imaging technology at two venues in February. The talk, entitled "Think Before You Shoot! Simulation and Imaging for Acquisition Scenario Testing", will be presented by Morgan Brown, President and CEO. This service allows clients to better understand the true value of additional seismic, potentially saving considerable money.

February 12: Southeastern Geophysical Society - http://sgs-neworleans.org/

February 25: Geophysical Society of Houston - http://www.gshtx.org/

Tom Wood, Jr. Hired as VP Sales & Marketing

2009-02-03T19:50:00.000-08:00

Wave Imaging Technology (WIT) Inc. has hired Mr. Tom Wood, Jr. as VP Sales & Marketing. Mr. Wood holds an MS in Environmental Sciences from the University of Texas at San Antonio, an MBA from Our Lady of the Lake University in San Antonio, Texas, and a BS in Geology from Southern Methodist University in Dallas, Texas. Mr. Wood is a professional with 30+ years of domestic and international seismic exploration, market research, and business development experience who has personally opened new markets in more than 20 countries, including four years spent living and working in Saudi Arabia. Mr. Wood has worked with Western Geophysical, Fairfield Industries, Seismic & Digital Concepts, Digicon Geophysical, Spectra Geophysical, and Geozone Energy Group. Mr. Wood comes to Wave Imaging Technology from two years spent in Mumbai, India consulting with Avalon Business Intelligence Consulting and Netscribes.

Upcoming WIT Technical Presentations

2009-01-05T12:06:00.000-08:00

January 15: Denver Geophysical Society - https://www.denvergeo.org/secure/lunch.asp?id=289

February 12: Southeastern Geophysical Society - http://sgs-neworleans.org/

February 25: Geophysical Society of Houston - http://www.gshtx.org/

WIT Inc. Forms Board of Directors

2008-10-04T12:29:00.000-07:00

Wave Imaging Technology Inc. has assembled a board of directors, consisting of CTO and Founder Joe Higginbotham (Chairman), CEO Morgan Brown, CFO Lee Wiley, and two new additions, Phil Taggart and Mike Weill.

Mr. Taggart has specialized in investor relations since 1964 and is the President and Chief Executive Officer of Taggart Financial Group, Inc. He has provided communications services for 58 initial public offerings, more than 200 other new issues, 210 mergers and acquisitions, 3,500 analyst meetings and annual and quarterly reports for more than 75 corporations. Mr. Taggart serves on the boards of International Expert Systems and AmREIT, Inc. (AMEX:AMY).

Mr. Weill is a 30-year Oil & Gas industry veteran. In October 2007, Mr. Weill retired from BHP Billiton Petroleum as President of Operations & Technology. During his 11 years at BHP, other responsibilities included development and production in Australia and Pakistan and as President Integrated Business Development for BHP. Prior to BHP, he spent sixteen years in various managerial and technical assignments with Shell in New Orleans, Houston and The Hague.

WIT Inc. joins HTC, hires CFO

2008-08-24T22:37:00.000-07:00

WIT Inc. is the newest member company of the Energy group of the Houston Technology Center (HTC). After a presentation to HTC's Energy Screening Committee, WIT was accepted for membership in this high-tech incubator. We hope to use HTC to accelerate and manage our growth trajectory, and to explore funding avenues.

In other news, WIT Inc. announces the hiring of Lee Wiley as Chief Financial Officer. Wiley has over 40 years of executive experience running successful businesses. As the Managing Partner of Wiley Advisors, LLC, an entrepreneurial advisory firm, Wiley brings to bear his extensive experience to assist start-ups successfully grow into profitable businesses. He joined WIT in August, 2008. Wiley will advise the Company on issues ranging from capital raising to growth management to sales and marketing.

WIT Inc. on the Road...Don't miss these public presentations

2008-07-30T09:38:00.001-07:00

September 17, 2008, Permian Basin Geophysical Society (Midland)

October 14, 2008, Southwest Louisiana Geophysical Society (Lafayette)

November 13, 2008, SEG Annual Meeting (Las Vegas)

January 15, 2009, Denver Geophysical Society

Two WIT Inc. Abstracts Accepted at 2008 SEG Convention in Las Vegas

2008-07-29T20:09:00.000-07:00

Morgan Brown and Joe Higginbotham will give back-to-back oral presentations at the 2008 SEG Convention in Las Vegas. Brown's presentation, Velocity model building with Wave Equation Migration Velocity Focusing Analysis, will show field data applications of the Company's patent-pending velocity estimation technology, while Higginbotham's subsequent presentation, Wave Equation Migration Velocity Focusing Analysis, presents the theory underlying the method. Brown's presentation begins at 9:20 AM on Thursday, November 13, while Higginbotham's begins at 9:45 AM. Both talks will be given in the SVIP 2: Model Building for Complex Imaging session, which begins at 8:30 AM.

WIT Inc. Official News Blog

2008-07-29T19:52:00.000-07:00

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