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.
Colorado Seismic Data and Operations refer to the comprehensive collection and analysis of seismic data pertaining to the state of Colorado, USA. Seismic data are measurements of various seismic waves produced by natural or human-induced events, which are used to study the properties of the subsurface and understand geological structures, especially in relation to earthquakes and oil and gas exploration. 1. Colorado Seismic Data: — Earthquake Seismic Data: This type of seismic data focuses on monitoring and analyzing earthquakes occurring within the state. It includes the recording of ground motions through seismographs, tracking earthquake epicenters, and estimating magnitudes and depths. — InduceBasicityty Data: Colorado also tracks seismic events resulting from human activities like hydraulic fracturing (fracking). These data help understand the potential impact of fracking on earthquake occurrences and assess associated risks. 2. Colorado Seismic Operations: — Seismic Surveys: These operations involve the systematic collection of seismic data using various techniques like reflection or refraction surveys. Seismic waves are artificially generated, and the resulting recordings are used to create detailed images of subsurface geology, aiding in oil and gas exploration and reservoir modeling. — Seismic Hazard Assessment: Colorado conducts operations to evaluate the seismic hazard levels across the state. This includes identifying active fault lines, assessing the potential for strong ground shaking, categorizing earthquake vulnerability zones, and formulating strategies for mitigating seismic risks. — Monitoring Networks: Maintaining a network of seismic monitoring stations across Colorado is vital for real-time earthquake detection, rapid response to seismic events, assessing ground motion, and validating seismic models. These operations involve the installation, maintenance, and continuous operation of sensitive seismometers and data loggers. Keywords: Colorado, seismic data, earthquake, seismic waves, subsurface, geological structures, oil and gas exploration, earthquake monitoring, seismographs, induced basicity, hydraulic fracturing, seismic surveys, reflection, refraction, subsurface geology, reservoir modeling, seismic hazard assessment, fault lines, ground shaking, vulnerability zones, seismic risks, monitoring networks, seismometers, data loggers.
