There's no shortage of lists to summarize the past year. But here at Darcy, we have a unique data set with activity on Darcy Connect from over 10,000 energy company Connect Users. Our data highlights which innovators gained most attention on Darcy Connect through views, clicks, likes, follows, meetings scheduled, funding, among others. Combined with analysis from our Research Team about technology developments and market traction, we have selected the Top 10 Innovators from 2024 in each of our coverage channels. This is our way of saying: "these are the innovators that your peers are most interested in, so you should definitely go and learn more about them".

In this article, you will find the Innovators that made it on the list in the category of O&G Subsurface.

But there is far more detail to dig into than what you'll find in this article:

• The Innovator names are all linked to their Storefront, where you can find in-depth information on their products, business model, and our Research Team's opinion; Connect Users are even able to schedule meetings with the Innovators through the "take action" tab on their page.
• Over the next month you will find weekly articles like this with Top 10 lists from our O&G Research Program as we work through the coverage areas of Production, and Drilling & Completions.
• Production, and Drilling & Completions articles will be followed by a Darcy Live Event.
• Drilling & Completions on January 29, 2025.
• State of Innovation: CCUS on February 5, 2025.

The Top 10 Darcy Innovators of 2024 in Subsurface are (in random order):

Enhanced Oil Recovery

Alternative Methods – Acoustic

• Zencor Tools: Developed an elastic wave EOR tool that increases oil production from mobilizing trapped oil in pore spaces and removing the elastic wave reflections tool has qualified for tax deductions by the Railroad Commission of Texas

Chemical-based

• Third Wave Production: Created a workflow to increase oil recovery from shales using solvents. Their deployments in 2024 have doubled oil production, generating a return on investment in only 6 months

Artificial intelligence

Mudlogging and Fluid Characterization

• Geowellex: Developed AI platform for data structuring and indexation, with a LLM chat software that can automatically create interpretation models, making it a useful tool for asset management and data interpretation

Subsurface Data Management

• Geolumina: Developed AI platform for data structuring and indexation, with a LLM chat software that can automatically create interpretation models, making it a useful tool for asset management and data interpretation

Geological Uncertainty Analysis

• Kognitus: Released an AI-based numerical simulator and uncertainty analysis platform with Petrobras and Total to help geoscientists evaluate uncertainties in geological models. It aims to streamline lengthy simulations

Reservoir Simulation

• OriGen.AI: Developed a physics-based AI reservoir simulation up to 10,000x faster than traditional ones, also offers fast automated history-matching, and enhanced field development planning with real-time optimization

Hardware/Data Acquisition

Wireless Gauges

• Acoustic Data: Developed a wireless system for downhole monitoring applications. One of the few players that has overcome developing and deploying this technology for long-term monitoring. Applications continue to grow in the ME

Reservoir Characterization

• Hydrophilic: Designed a tool to estimate WOC by directly measuring water pressure and free-water-level depth in open hole discovery wells, with support from major oil companies (Equinor, DNO, Neptune Energy, and Wintershall)

ET Applications

Passive Seismic Monitoring

• SpotLight Earth: Developed a unique approach to CO₂ monitoring, where it reduces cost associated with passive seismic acquisition. They are getting traction and have recently signed a deal with Baker for exclusivity in the US

Exploration

Sweet Spot Identification

• Heologic: Developed a surface measurement technique using Helium traces that helps identify conventional and heavy oil accumulations, determine reservoir fluid types, and locate over pressured zones in unconventional reservoirs