Stratagraph invests in partial ownership of Corespec Alliance

Source: press release, 30 August 2021

CoreSpec’s lab provides accurate mineral analysis for reliable petrophysics, reservoir quality, and related formation properties controlled by mineral content
CoreSpec’s lab provides accurate mineral analysis for reliable petrophysics, reservoir quality, and related formation properties controlled by mineral content (photo: CoreSpec Alliance LLC)

Stratagraph, a provider of geological services to the oil and gas industry for the past six decades, has strengthened a strategic partnership by investing in the growth of CoreSpec Alliance LLC, which provides exploratory analysis for conventional and unconventional oil and gas reservoir evaluation.

This alliance aims to simplify procedures for exploration and production companies by offering one invoice and a single chain of custody for clients’ geological data needs.

Stratagraph will enhance its wellsite services with access to the state-of-the-art CoreSpec lab in Houston, one of the few commercial labs in the world that can provide accurate mineral analysis for reliable petrophysics, reservoir quality, and related formation properties controlled by mineral content. Lab equipment and processes include Mercury Injection Porosimetry (MIP); Energy Dispersive X-Ray Fluorescence (XRF); Quantitative X-Ray Diffraction (QXRD); Detailed Clay Analysis; Cation Exchange Capacity (CEC); and DualLiquid Porosimetry (DLP).

William Hagan, Stratagraph’s chief executive officer, says, “This is the latest strategic initiative Stratagraph has taken to further grow our reputation as a global leader in the geological services sector. We will work in partnership with CoreSpec to provide a seamless system to deliver valuable cuttings analysis to our current, and growing, client base. Together, our two companies will serve as a one-stop-shop for the collection and analysis of valuable cuttings information.”

Michael Santiago, CEO and president of CoreSpec, says, “The consolidation of mud logging, geochemistry, and laboratory services has become an important aspect of formation evaluation for the oil and gas industry. As a result, Stratagraph and CoreSpec made the decision to align their services to provide the most robust cuttings analysis tools on the market for the exploration of oil and gas.”