{"id":708,"date":"2012-03-21T21:09:44","date_gmt":"2012-03-21T21:09:44","guid":{"rendered":"http:\/\/www.symphonytg.com\/?p=708"},"modified":"2012-03-21T21:09:44","modified_gmt":"2012-03-21T21:09:44","slug":"sigma3-announces-three-strategic-acquisitions-to-deliver-the-industrys-first-integrated-reservoir-centric-software-and-services-solution-bridging-geosciences-and-engineering","status":"publish","type":"post","link":"https:\/\/stg.com\/news\/sigma3-announces-three-strategic-acquisitions-to-deliver-the-industrys-first-integrated-reservoir-centric-software-and-services-solution-bridging-geosciences-and-engineering\/","title":{"rendered":"SIGMA3 Announces Three Strategic Acquisitions to Deliver the Industry\u2019s First Integrated Reservoir-Centric, Software and Services Solution, Bridging Geosciences and Engineering"},"content":{"rendered":"<p><em>Unique Combination of Capabilities to Enable Oil and Gas Industry to Address Challenges of<\/p>\n<p>Difficult-to-find-and-extract Oil and Gas Resources<\/em><\/p>\n<p>\n<p>SIGMA\u00b3 Integrated Reservoir Solutions Corporation (SIGMA\u00b3), a Symphony Technology Group (STG) company, announced today the acquisition of three companies:  Colorado-based APEX Petroleum Engineering Inc. (APEXPE), APEXHiPoint LLC., (APEXHP) and HiPoint Reservoir Imaging LLC. (HiPoint). With these acquisitions, SIGMA3 will be able to deliver the industry\u2019s only truly integrated, reservoir-centric portfolio of technology, expertise and services supported by advanced software and workflows that will enable oil and gas producers to address the challenges of increasingly difficult-to-find-and-extract oil and gas resources. Terms of the acquisitions were not disclosed.<\/p>\n<p>\nThese acquisitions are a continuation of the SIGMA\u00b3 strategy to offer alternative solutions \u2013 from reservoir understanding to production optimization \u2013 that enhance exploration and production success, while understanding risk and accelerating the return on investments for oil and gas companies. APEXPE provides consulting expertise in hydraulic fracture engineering inclusive of onsite treatment supervision and QC, drilling, operations, and well completions engineering. APEXHP delivers real-time microseismic fracture mapping, wellbore seismic imaging, and reservoir characterization technologies and services. HiPoint provides microseismic and borehole seismic data processing analysis and interpretation. APEXPE, APEXHP, and HiPoint are recognized leaders in their respective fields, and the combination of their technology and capabilities with the Earth Modeling, Reservoir Geophysics, Geohazards\/ Geopressure, and Continuous Fracture Modeling capabilities of today\u2019s SIGMA\u00b3, creates an integrated roadmap to drive a unique value proposition for its clients.<\/p>\n<p>\n\u201cBy integrating these companies with our current strengths in geosciences and reservoir engineering, we are creating a comprehensive set of services, technologies and workflows that will be the first of their kind in the industry,\u201d said Jorge Machnizh, CEO of SIGMA3. \u201cTogether we have an all-star team of leaders in their fields, and we believe the potential for value creation is substantial, as we will enable SIGMA\u00b3 clients to benefit from dynamic reservoir models that can significantly improve decisions about where to drill, where to frac, how to frac, and where to lease.\u201d<\/p>\n<p>\nRepresenting the Partners, Larry Walter of APEXHiPoint said, \u201cThe partners across all three companies are very excited to join the integrated vision of SIGMA3. We believe by integrating our disciplines, oil and gas companies will be able to bridge the historical gaps between geosciences, reservoir engineering and petroleum engineering. This will enable them to use our leading capabilities in microseismic monitoring, predictive reservoir models, and fracture treatment planning and execution, more holistically, and more effectively.\u201d<\/p>\n<p>\nJ.T. Treadwell, Managing Director of STG, commented, \u201cWe believe that an integrated, technology-led approach to reservoir understanding and management will ultimately be shown to lead to the highest ROI outcomes. These acquisitions are a part of our commitment to build innovative solutions that bridge silos, and increase the speed, accuracy and quality of decisions in the development process. We have a great group of partners joining our team, and we are very excited for the next stage.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unique Combination of Capabilities to Enable Oil and Gas Industry to Address Challenges of Difficult-to-find-and-extract Oil and Gas Resources SIGMA\u00b3 Integrated Reservoir Solutions Corporation (SIGMA\u00b3), a Symphony Technology Group (STG) company, announced today the acquisition of three companies: Colorado-based APEX Petroleum Engineering Inc. (APEXPE), APEXHiPoint LLC., (APEXHP) and HiPoint Reservoir Imaging LLC. (HiPoint). With these&hellip;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"node_moved":[],"footnotes":""},"categories":[5],"tags":[],"company":[],"class_list":["post-708","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"\n<title>SIGMA3 Announces Three Strategic Acquisitions to Deliver the Industry\u2019s First Integrated Reservoir-Centric, Software and Services Solution, Bridging Geosciences and Engineering - STG<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/stg.com\/news\/sigma3-announces-three-strategic-acquisitions-to-deliver-the-industrys-first-integrated-reservoir-centric-software-and-services-solution-bridging-geosciences-and-engineering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SIGMA3 Announces Three Strategic Acquisitions to Deliver the Industry\u2019s First Integrated Reservoir-Centric, Software and Services Solution, Bridging Geosciences and Engineering - STG\" \/>\n<meta property=\"og:description\" content=\"Unique Combination of Capabilities to Enable Oil and Gas Industry to Address Challenges of Difficult-to-find-and-extract Oil and Gas Resources SIGMA\u00b3 Integrated Reservoir Solutions Corporation (SIGMA\u00b3), a Symphony Technology Group (STG) company, announced today the acquisition of three companies: Colorado-based APEX Petroleum Engineering Inc. (APEXPE), APEXHiPoint LLC., (APEXHP) and HiPoint Reservoir Imaging LLC. (HiPoint). 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