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FORT WORTH, Texas -- GEODynamics, Inc. announced today it finalized payments of all future royalties to QinetiQ Group, PLC toward the portfolio of U.S. and international patents related to reactive oil and gas well perforating. GEODynamics now owns its entire reactive portfolio unencumbered.
GEODynamics markets their reactive perforating product line under the CONNEX brand. CONNEX reactive perforating was introduced by GEODynamics in 2007. The technology has continued to prove its superior effectiveness in communicating with reservoirs, both conventional and unconventional. This transaction is expected to increase the prominence of reactive technologies for the oilfield, and make way for a widespread increase in the number of products offering the benefits of GEODynamics’ reactive perforating.