NEOS GeoSolutions, Inc. and ION Geophysical Corporation announced that NEOS has acquired - for cash and other consideration - ION's Denver land seismic data processing operation. The addition of this business line expands NEOS's multi-physics service lines to now include seismic data processing and imaging. The rest of ION's data processing business, including ION's land data processing capabilities in support of its 3D ResSCANTM land programs, is unaffected by this transaction.
ION's Denver processing group has completed nearly 400 subsurface imaging projects since 2003 for customers that include some of the largest international and independent E&P companies in the world. The Denver team specializes in 'hard rock' processing in structurally complex geologic environments ranging from Bolivia to the North Slope of Alaska.