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MicroSeismic

Friday, 17 May 2013 | 5:44 PM ET
Disruptors Shaking Up the Energy Industry
CNBC's Julia Boorstin reports on new companies like MicroSeismic, Picarro, Opower, and Nest Labs that are competing head to head with established energy companies.

What
An oil service company that is the largest provider of fracture monitoring services in the world.

Disrupting
Displaced legacy oil and gas technologies. Potential to help shale oil and gas drillers disrupt coal industry and renewable energy industry growth.

Source: MicroSeismic

Headquarters: Houston
CEO: Peter Duncan
Year Founded: 2003
Number of Employees: 300
Funding: $7 million
Key Investors: Altira, RockPort Capital Partners, Madrone Capital Partners, TA Associates and CTTV Investments (Chevron venture group)

Vital Stats

  • 46 percent compound annual growth rate since 2009
  • Projecting $125 million in revenue by 2015
  • 30 percent EBITDA margin
  • Clients include Anadarko, Apache, BHP Billiton, BP, Chesapeake Energy, PetroChina, Sinopec, ExxonMobil, Statoil and Total




On Disruption

"Disruption is making more possible by doing the impossible. Before MicroSeismic's PSET seismic imaging technology, no one believed it was possible to detect the energy release equivalent of a human heartbeat through 10,000 feet of rock. Not only does the technique work, it has opened new ways for operators to improve their oil recovery previously not possible." -Peter Duncan, CEO and Founder

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