Seismic data is proven to hold its value over time as the cost of acquiring new data continues to increase. A single seismic program can take up to three months to shoot, and employs up to 100 people at a time. In contrast, Pulse can usually provide a survey from its seismic data library within 24 hours. While seismic survey costs continue to rise along with other oilfield services, the cost of maintaining Pulse's data library is trending slightly downward on a per-unit-of-data basis, through improved cost-efficiencies as Pulse's data set grows.
As a specialized provider of high-quality seismic data, Pulse Seismic can remain profitable throughout the commodity price cycle. As land prices go up producers are increasingly developing prospects before bidding on parcels. Analysing area seismic data before submitting a bid gives producers a better chance of acquiring truly prospective properties.
When commodity prices fall, producers use seismic to pin-point low-risk, low-cost exploitation and development properties or build a drilling inventory to pursue during higher price phases of the cycle. Using licensed library data is more cost-effective than shooting new seismic data, providing Pulse with a further edge during low-price phases. These factors all support Pulse's business.