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.
Ohio Seismic Data and Operations refers to the collection, analysis, and management of seismic data in the state of Ohio. Seismic data helps in understanding the subsurface structure, potential geological hazards, and characterizing oil and gas reservoirs. Seismic data is primarily gathered through the use of seismographs, which record vibrations and waves generated by geological events such as earthquakes or man-made activities like underground explosions. In Ohio, seismic data is crucial for studying the New Madrid seismic zone, a highly active area with potential earthquake threats. There are two main types of Ohio Seismic Data and Operations: 1. Ohio Earthquake Seismic Data: This type of seismic data focuses on monitoring and analyzing earthquakes occurring within Ohio's borders. The Ohio Department of Natural Resources (ODOR) is responsible for managing and interpreting seismic data related to local earthquakes. They utilize a network of seismometers strategically placed throughout the state to detect and measure seismic activity accurately. Analyzing this data helps to determine earthquake locations, magnitudes, depths, and patterns, enabling scientists to develop earthquake hazard assessments and inform emergency management efforts. 2. Ohio Oil and Gas Seismic Data: Seismic data is extensively used in the exploration and production of oil and gas resources in Ohio. It helps in identifying potential hydrocarbon reservoirs, assessing their quality and quantity, and optimizing drilling techniques. Companies conduct seismic surveys by deploying arrays of aerophones or accelerometers that measure the response of subsurface formations to artificially generated seismic waves. This data assists in creating detailed subsurface maps, identifying suitable drilling locations, and reducing exploration risks. Accurate seismic data forms the foundation for various applications, including hazard assessment, resource exploration, subsurface characterization, and engineering design. It plays a critical role in informing policy decisions, land-use planning, infrastructure development, and emergency preparedness efforts throughout the state. In summary, Ohio Seismic Data and Operations involve the collection, analysis, and management of seismic data pertaining to earthquakes and oil/gas exploration. The Ohio seismic network and ODOR play a crucial role in monitoring and interpreting seismic activity, ensuring public safety, and supporting scientific research and development in the state.
