September 2009

Carl Zeiss SMT Announces Ingrain's Adoption of the AURIGA® CrossBeam® Workstation

The workstation provides the ultra-high resolution images, plus powerful analytical capabilities, needed to understand shale rock in a revolutionary new way. 

PEABODY, Mass. & OBERKOCHEN, Germany, Sept. 29, 2009—The AURIGA® CrossBeam® workstation, recently introduced by Carl Zeiss SMT, now has demonstrated the ability to improve the analysis of shale rock’s porosity and permeability in order to more accurately predict the shale’s suitability for the commercial extraction of oil or gas.

Houston-based Ingrain, a provider of digital rock physics services to oil and gas companies around the world, is now using an AURIGA FIB/SEM workstation to generate high resolution 3D images that are used to create the company’s vRock digital reservoir rocks from shale rock samples. Ingrain then uses proprietary simulation technologies to analyze the samples for fluid flow. According to Henrique Tono, Ingrain CEO, “We have significantly advanced our capabilities—especially for the analysis of shale rock—by integrating the unique Carl Zeiss AURIGA instrument into our analytical processes. As a result, our customers, who are world leaders in oil and gas exploration, can now get more detailed, more accurate rock properties analyses. In essence, we are now able to provide more accurate, more complete information to support their decision making needs.”
 
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INGRAIN CLOSES THIRD ROUND OF FUNDING
$15 Million Investment Supports International Expansion

Houston (September 23, 2009) – Houston-based digital rock physics company Ingrain has secured a third round of funding totaling $15 million to advance the deployment of its digital rock physics labs. The collaborative raise was completed by continuing investors including Energy Ventures and KLP, along with new investor TPH Partners. Ingrain utilizes proprietary technologies to analyze reservoir rock samples from cores or drill cuttings and deliver critical data to its oil and gas producer client base.

Joe B. Foster, Chairman of TPH Partners will join Ingrain’s board of directors. Foster founded Newfield Exploration Company in 1989 and served as chairman of the board until 2005. He was chairman of Tenneco Oil Company and executive vice president and director of its parent, Tenneco Inc. He began with Tenneco as a Junior Petroleum Engineer in Oklahoma City in 1957.

“This funding will allow Ingrain to continue our expansion into the Middle East, North Africa and Latin America,” said Henrique Tono, Ingrain’s CEO. “We are delighted and honored to have Joe Foster joining Ingrain’s board of directors. His depth of industry experience makes him an invaluable advisor to Ingrain as we expand into major oil-producing regions worldwide. ”

Since starting up in 2007, Ingrain has introduced technical breakthroughs for quickly and accurately determining physical properties and simulating fluid flows in oil and gas reservoir rocks. The company uses high-resolution 3D imaging to “reveal reservoir rocks from the inside” and compute critical rock properties including permeability, porosity, elastic properties, electrical properties and relative permeability. This information allows oil and gas companies to more accurately estimate the potential of their reserves and make faster, better-informed field development decisions.

TPH Partners invests in the upstream, oilfield service and midstream subsectors of the energy industry. The fund is an affiliate of Tudor, Pickering, Holt & Co. Additional information on TPH Partners can be found at www.tphpartners.com.

Energy Ventures is the leading venture capital firm providing competent capital to high growth oil and gas technology companies, and also supported Ingrain in its first and second rounds of funding, the most recent of which was completed in 2008. Energy Ventures manages and advises four oil and gas venture funds with a combined capital base of US $400 million and is headquartered in Stavanger, Norway, with offices in Aberdeen, U.K., and Houston, U.S.A. More information on Energy Ventures can be found at www.energyventures.no.

KLP - Kommunal Landspensjonskasse - is one of Norway's largest life insurance companies with total assets of NOK 205.3 billion. The company provides pension, financing and insurance services to the local government sector and the state health enterprises as well as to businesses both in the public and the private sectors. More information on KLP can be found at www.klp.no.

 
TPH Partners Announces Investment in Ingrain

HOUSTON -- Monday, September 21, 2009 -- TPH Partners, L.P., a middle market energy private equity fund, announced the closing of an equity investment in a growth round of funding for Ingrain, Inc. TPH Partners joins a strong group of existing investors in this leading-edge oilfield technology firm that is setting the standard in the industry for digital rock physics analysis. Ingrain utilizes proprietary technologies to analyze reservoir rock samples from cores or drill cuttings and deliver critical data to its oil and gas producer client base.

“We are very excited about the potential provided to the exploration and production industry by the evolving science of digital rock physics, and Ingrain is the clear leader in this field,” said Joe B. Foster, Chairman of TPH Partners. “Ingrain’s techniques are especially relevant to producers that work with low permeability reservoirs, such as tight-gas sands and shales, as well as complex carbonate reservoirs and oil sands, where traditional physical core analysis methods often face difficulties. These types of reservoirs will be more intensely exploited in the future.”

Ingrain was founded in 2007 by Dr. Amos Nur (CTO) and Dr. Henrique Tono (CEO) to commercialize their petrophysical developments and a patented method of computing physical properties from very high resolution digital images of reservoir rock captured with three dimensional CT scanning. The company reveals reservoir rocks “from the inside” and computes critical rock properties, including permeability, porosity, elastic properties, electrical properties and relative permeability. Ingrain also stores these digital images in its proprietary vRock format, providing its customers the capability of subsequently analyzing the reservoir under changed conditions. Additional information on the company can be found at www.ingrainrocks.com.

TPH Partners is a middle-market private equity fund that invests in the upstream, oilfield service and midstream subsectors of the energy industry. The fund is an affiliate of Tudor, Pickering, Holt & Co. TPH Partners’ other portfolio investments include BlueRock Energy Capital II, an upstream finance company, and UniversalPegasus, an engineering firm that focuses on the onshore midstream infrastructure and subsea markets. Additional information on TPH Partners can be found at www.tphpartners.com.


 
 
Ingrain presenting papers at the 2009 SCA Symposium in the Netherlands and the 2009 Unconventional Gas International Conference in Ft Worth, TX, both later this month.

Houston (September 09, 2009) -- Ingrain Chief Scientist, Dr. Avrami Grader, is set to present a paper at the 2009 International Symposium of the Society of Core Analysts.  The paper, Computations of Porosity and Permeability of Sparic Carbonate Using Multi-Scale CT Images, was co-authored with Andrew B.S. Clark, ADCO, Taha Al-Dayyani, ADCO, and Amos Nur, Ingrain. The SCA Symposium will be held in Noordwijk, The Netherlands on Sunday, September 27 - Thursday, October 01, 2009.  For more information, please visit: http://www.scaweb.org/
 
Ingrain Chief Geoscientist Elizabeth Diaz will be presenting the paper Rock Physics of Shale Using Digital Rocks at the Unconventional Gas International Conference and Exhibition in Ft. Worth, TX from Tuesday, September 29 through Thursday, October 1, 2009.   For more information, please visit: http://www.unconventionalgas.com/index.html
 
 
Ingrain Rock Physics Science Advisor Dr. Jack Dvorkin discusses Ingrain's new sampling techniques in latest issue of Hart's E&P magazine.
 
Houston (September 10, 2009) -- In the latest issue of Hart's E&P magazine, Rock Physics Science Advisor Jack Dvorkin discusses how Ingrain's new sampling techniques are bringing field-sized tests into the laboratory in a featured article entitled Digital Rock Physics Bridges Scales of Measurement.

The article, available in the September 2009 issue, explains how Ingrain is using digital imaging and computation, as well as a new imaging technique called FIB-SEM (focused ion beam combined with scanning electron microscope), to face the growing challenges of experimenting and measuring in physical laboratories or in wells. 
 
E&P magazine is the world's leading publication dedicated to informing exploration, drilling and production operations managers, onshore and offshore and in all parts of the world, about the trends and technology they need to do their jobs more efficiently. Experienced magazine editors and industry experts offer the most accurate, most up-to-date information available to guide operations managers through exploration technology that helps them find more resources; drilling technology that gives them better, less-expensive wells, and production technology that keeps fields producing more oil and gas for longer periods of time. The quality and breadth of coverage has earned awards for editorial excellence and quality content.
 
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