What does Apex do?
Apex helps E&P companies and private investors find oil and gas in business settings ranging from frontier exploration to late stage field development using the “ADF® DHI Product Suite”. We offer our services on a fee for work performed basis. The work involves processing seismic data largely in the frequency domain with highly advanced signal processing algorithms that we internally developed and honed over Apex’s fifteen year plus history. Once the processing is completed, Apex interprets the frequency data along with other types of data to image oil and gas reservoirs.
Why use Apex?
Except in relatively unconsolidated basins like the Amazon delta, Mississippi delta and Nile delta, the tools the E&P industry uses to explore for oil and gas are highly unreliable to predict reservoir fluid type (i.e. whether the pore space is brine or hydrocarbon saturated). In comparison, the ADF® DHI Product Suite much more reliably predicts reservoir fluid type in these settings. This has extraordinary financial implications, because mature basins can be brought back to life and frontier areas can be economically opened.
What is the Apex advantage?
Our advantages are numerous. To our knowledge, no other company can image dispersion with either the vertical or lateral resolution that we can. Our technology is widely patented in the USA and abroad, and much additional technology is proprietary. Lastly and just as importantly, Apex has an unmatched wealth of world-wide experience at interpreting its cutting edge ADF® Product Suite dispersion imaging cubes.
Who are Apex’s customers?
Unfortunately, many of Apex’s customers request anonymity because Apex’ dispersion imaging technology gives them a competitive advantage. That said Apex’ customers are mostly mid-size to small independents.
What is Apex’s success rate?
There are many companies that exaggerate their commercial drilling success rates, so professionals in the business tend to heavily discount success rate claims. To avoid such skepticism, we have requested some customers to provided references. Accordingly, please read the numerous letters of reference on our website each of which was written by a respected professional in our business. The industry has a one in ten to one in eight exploration success rate. Our reference letters on balance indicate our success rate is much better.
How was Apex able to invent this technology when no one else could?
Beginning with our founding in 2002, we started with the idea that success would only be possible if we had an extraordinary team of people that were multi-talented and covered multiple disciplines. The result was a small team with good chemistry of extraordinary geophysicists, mathematicians, programmers, geologists and last but not least a scientist businessman.
We then revisited and questioned the first principles of our industry. We found the industry was assuming constant P wave velocity versus frequency in reservoirs, when this was not the way the subsurface behaved. We then set out to turn this affliction to our advantage and after many years of focused and dedicated R&D work, we succeeded beyond our expectations.
One advantage we had was that we were internally funded and so we could be extremely patient. As funding grew short, we also enjoyed the advantage of many other great inventions – necessity.
Is the ADF® DHI Product Suite effective in carbonate reservoirs?
Yes, ADF® dispersion imaging works in carbonate reservoirs. We have imaged carbonate reservoirs onshore in the US, in the Norwegian Sea, the Barents Sea, offshore Brazil in the Campos basin, offshore Guyana and onshore Oman. Within these areas, we have successfully imaged carbonate sands, talus reservoirs, oolite reservoirs, and karst type reservoirs.
What type of input data does Apex need?
The only data that is required is seismic data (2D or 3D). However, the seismic data must have been processed in a “frequency preserved” manner. In practical terms, most offshore data has an archival takeout point that is frequency preserved, but most onshore data is processed for image enhancement and must be reprocessed starting from raw field data. While only seismic data is required for ADF® dispersion imaging, Apex fully believes in using all types of E&P data available to maximize the odds of success.
Does Apex have competition?
Apex was the first to pursue dispersion imaging, the first to patent dispersion imaging algorithms, the first to commercialize dispersion imaging, and has spent over a decade honing this technology. For these reasons, Apex has years more experience at processing and interpreting frequency domain dispersion data than any other company. Hence, for anyone to meaningfully compete with Apex, they will first have to elevate their art to our technical level, and only then can they begin to develop that so often critical ingredient of success – experience.
Who owns Apex?
Apex Spectral is privately held and overwhelming owned by Apex employees.