Deep Imaging Exhibited Strong Growth In 2017, More Than Doubling Revenue Over the Previous Year

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Company met additional key milestones including expansion and technology advancements

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Deep Imaging continues to be the only solution that directly maps frac fluid movement down to the individual stage.

Deep Imaging, the technological leader in surface-based electromagnetic (EM) fluid monitoring and imaging for the E&P industry, met a number of strategic growth objectives in 2017. These achievements included growing revenue, infrastructure and personnel as well as continued technology advancements.

In the 2017 calendar year, Deep Imaging recognized revenue growth of 127%, with an acceleration in Q4 of 288% sequentially over Q3.

The growth was due to a sustained increase in demand for its dynamic fluid imaging services, including hydraulic fracture monitoring, production monitoring (flowback) and shallow hazard assessment. Deep Imaging monitored five wells in the Permian and Anadarko Basins.

To support the surge in new projects, Deep Imaging continued to scale up, doubling personnel and tripling acquisition, processing and imaging capacity. The team also continued to advance its technology and is focused on delivering results more quickly to customers.

Trevor Pugh, Founder and CEO, said, “I’m pleased with the increased market acceptance of controlled active EM source monitoring and imaging. Our focus is on execution, operational efficiency gains and near real-time delivery of results so our customers can make completion changes on the current well and avoid waste.”

Deep Imaging continues to be the only solution that directly maps frac fluid movement down to the individual stage.

ABOUT DEEP IMAGING
Deep Imaging is an oilfield service company that directly measures subsurface fluid movement with minimal interpretation. The company’s unique imaging technology and services provide superior, in-depth information, enabling operators to gain a better understanding of fluid placement for improved drilling & completions and reservoir optimization. Deep Imaging was founded in 2008, funded in 2012 and today is the leading provider of onshore electromagnetic imaging. They hold patents on their proprietary technology. To learn more visit http://www.deepimaging.com

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Melissa Turowsky
Deep Imaging
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