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About NXT Energy Solutions Inc.
NXT Energy Solutions, Inc. engages in the provision of airborne, gravity-based geophysical survey to companies involved in oil and gas exploration and production. The company is headquartered in Calgary, Alberta and currently employs 11 full-time employees. The company went IPO on 2007-12-03. The firm offers a geophysical service to the upstream oil and gas industry using its gravity-based Stress Field Detection (SFD) remote-sensing survey system. Its proprietary Stress Field Detection (SFD)survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method, which can be used both onshore and offshore to remotely identify traps and reservoirs with hydrocarbon and geothermal exploration potential. The SFD survey system enables its clients to focus their exploration decisions concerning land commitments, data acquisition expenditures, and prospect prioritization on areas with the potential. SFD is an airborne tool that provides information on areas conducive to fluid entrapment in the sedimentary column. The SFD survey is complementary to existing geophysical methods, particularly seismic programs.
Industry: Oil & Gas Field Exploration Services Peers: