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. It offers the Stress Field Detection survey method used to identify trapped subsurface fluid accumulations by responding to the gravitational perturbations associated with density and stress distribution conditions that are indicative of the simultaneous existence of trap, reservoir and seal.
The company was founded on September 27, 1994 and is headquartered in Calgary, Canada.
Founding and Start-up
Growth
NXT Energy Solutions Inc. is a company that can be classified as a scale-up or mid-sized enterprise. With its proprietary SFD® survey system, NXT has established itself as a key player in the oil and gas exploration industry, providing innovative solutions to reduce time, cost, and risk in exploration activities. As evidenced by its recognition as a TSX Venture 50® company in 2014 and subsequent upgrade to the TSX in 2016, NXT has experienced steady growth and expansion in recent years, solidifying its position in the market.
Achievements
One of the significant milestones in NXT's history was being recognized as a TSX Venture 50® company in 2014, which highlighted the company's innovative approach to oil and gas exploration. Subsequently, being upgraded from the TSX-Venture Exchange to the TSX in 2016 marked a major achievement for NXT, showcasing its continued growth and success in the industry. These milestones reflect NXT's commitment to developing cutting-edge technologies and solutions for the exploration sector, driving revenue growth and market recognition.
Case Studies
NXT Energy Solutions Inc. has been involved in several notable case studies and projects that have showcased the effectiveness of its SFD® survey system in identifying reservoir prospects and minimizing environmental impact. These case studies highlight the tangible benefits of using NXT's technology in streamlining exploration processes and reducing overall costs. By showcasing the real-world impact of its solutions, NXT has solidified its reputation as a trusted partner in the oil and gas exploration sector.
Socials
Website
CEO
Bruce Gregory Wilcox
Founded
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Operating Status
Active
Industry
Companies on the Energy Service
headquarters
Address
3320-17th Avenue SW Suite 302 Calgary Alberta T3E 0B4 Canada...
Country
Canada
Employees
10
Key People
Theodore Patsellis (Director)
Gerry Sheehan (Director)
Eugene Woychyshyn (CFO, Director & Vice President-Finance)
Xiang Gui (Director-Research & Development)
Revenue
-
Operating Income
Stock Price
$0.20
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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. It offers the Stress Field Detection survey method used to identify trapped subsurface fluid accumulations by responding to the gravitational perturbations associated with density and stress distribution conditions that are indicative of the simultaneous existence of trap, reservoir and seal. The company was founded on September 27, 1994 and is headquartered in Calgary, Canada.
Founding and Start-up
Growth
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