This form is used when the Parties agree and shall contribute all proprietary seismic data and all non-proprietary seismic data affecting the Contract Area in its possession as of the effective date of this Agreement, to the extent the data is not restricted by confidentiality or licensing agreements with third parties. It is specifically understood and agreed that each Party has the right to sell, trade, and/or otherwise market seismic data involving the Contract Area which was in its possession prior to the effective date of this Agreement, and the benefits and advantages, including monetary consideration, which it receives as a result of those activities shall be the sole property of the party who owns the data.
New Mexico Seismic Data and Operations involve the collection, analysis, and interpretation of seismic information in the state of New Mexico. Seismic data refers to recorded measurements of seismic waves generated by natural or artificial sources, which help in understanding the Earth's subsurface structures, identifying potential earthquake hazards, and assessing underground resources such as oil and gas deposits. These operations play a crucial role in geology, geophysics, and energy exploration. 1. Seismic Monitoring: One aspect of New Mexico Seismic Data and Operations is the establishment and maintenance of a seismic monitoring network. This network consists of seismometers strategically placed throughout the state, which continuously record seismic activity. These seismometers detect and measure ground motion caused by earthquakes, explosions, or other sources, providing essential data on the occurrence, location, magnitude, and depth of seismic events. 2. Earthquake Analysis: New Mexico Seismic Data and Operations involve analyzing and characterizing earthquakes that occur within the state. Scientists and seismologists study the recorded seismic data to determine the source mechanisms, focal depths, and associated risks. This information helps in assessing the seismic hazard and designing appropriate structural measures to mitigate any potential risks to communities and infrastructure. 3. Fracking-Induced Basicity: New Mexico has experienced an increase in induced basicity due to hydraulic fracturing (fracking) activities. In recent years, the extraction of oil and gas using this technique has raised concerns about the potential for induced earthquakes. Seismic data and operations in this context involve monitoring and analyzing earthquakes related to fracking operations, understanding the factors triggering them, and developing strategies to minimize their occurrence and impact. 4. Geological Research: The seismic data collected in New Mexico is also used for geological research and exploration purposes. By analyzing seismic waves reflected and refracted beneath the Earth's surface, geologists can infer subsurface structures like faults, folds, and reservoirs. This information is crucial for locating and assessing underground resources such as oil, gas, and minerals. Seismic operations help in improving geological models and understanding the geological history of the state. 5. Microseismic Monitoring: Microseismic monitoring is a specialized area within New Mexico Seismic Data and Operations. It focuses on detecting and analyzing very small seismic events that may not be noticeable by humans but have significance in understanding subsurface biomechanics. Microseismic monitoring is widely used in hydraulic fracturing operations to track fracture growth and optimize reservoir stimulation. In summary, New Mexico Seismic Data and Operations involve the monitoring, analysis, and interpretation of seismic activity and associated geological research within the state. These operations encompass seismic monitoring networks, earthquake analysis, investigation of fracking-induced basicity, geological research, and microseismic monitoring. By utilizing these approaches, scientists and researchers can gain a comprehensive understanding of the Earth's subsurface structures, earthquake hazards, and underground resources in New Mexico.
New Mexico Seismic Data and Operations involve the collection, analysis, and interpretation of seismic information in the state of New Mexico. Seismic data refers to recorded measurements of seismic waves generated by natural or artificial sources, which help in understanding the Earth's subsurface structures, identifying potential earthquake hazards, and assessing underground resources such as oil and gas deposits. These operations play a crucial role in geology, geophysics, and energy exploration. 1. Seismic Monitoring: One aspect of New Mexico Seismic Data and Operations is the establishment and maintenance of a seismic monitoring network. This network consists of seismometers strategically placed throughout the state, which continuously record seismic activity. These seismometers detect and measure ground motion caused by earthquakes, explosions, or other sources, providing essential data on the occurrence, location, magnitude, and depth of seismic events. 2. Earthquake Analysis: New Mexico Seismic Data and Operations involve analyzing and characterizing earthquakes that occur within the state. Scientists and seismologists study the recorded seismic data to determine the source mechanisms, focal depths, and associated risks. This information helps in assessing the seismic hazard and designing appropriate structural measures to mitigate any potential risks to communities and infrastructure. 3. Fracking-Induced Basicity: New Mexico has experienced an increase in induced basicity due to hydraulic fracturing (fracking) activities. In recent years, the extraction of oil and gas using this technique has raised concerns about the potential for induced earthquakes. Seismic data and operations in this context involve monitoring and analyzing earthquakes related to fracking operations, understanding the factors triggering them, and developing strategies to minimize their occurrence and impact. 4. Geological Research: The seismic data collected in New Mexico is also used for geological research and exploration purposes. By analyzing seismic waves reflected and refracted beneath the Earth's surface, geologists can infer subsurface structures like faults, folds, and reservoirs. This information is crucial for locating and assessing underground resources such as oil, gas, and minerals. Seismic operations help in improving geological models and understanding the geological history of the state. 5. Microseismic Monitoring: Microseismic monitoring is a specialized area within New Mexico Seismic Data and Operations. It focuses on detecting and analyzing very small seismic events that may not be noticeable by humans but have significance in understanding subsurface biomechanics. Microseismic monitoring is widely used in hydraulic fracturing operations to track fracture growth and optimize reservoir stimulation. In summary, New Mexico Seismic Data and Operations involve the monitoring, analysis, and interpretation of seismic activity and associated geological research within the state. These operations encompass seismic monitoring networks, earthquake analysis, investigation of fracking-induced basicity, geological research, and microseismic monitoring. By utilizing these approaches, scientists and researchers can gain a comprehensive understanding of the Earth's subsurface structures, earthquake hazards, and underground resources in New Mexico.
