Two exploration technologies made available to the industry

Texaco is making available two exploration technologies the company developed during the 1990s.The company is placing rights to its proprietary three-dimensional visualization and remote sensing technologies into newly-formed companies, one a Texaco subsidiary. Texaco managers who directed development of the technologies will head the new entities.The remote sensing technology marks the emergence of a new type of exploration, Texaco said.Visualization concernTexaco will own 25% of newly-formed Magic Earth LLC, Houston, which will further develop and market the patented GeoProbe visualization technology. Employees and other investors will own the rest of Magic Earth. Its president will be ...

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