- Business
- NXT Energy Solutions Inc. (TSX: SFD) provides proprietary airborne geophysical survey services to the upstream oil and gas industry using its patented gravity-based Stress Field Detection (SFD) remote-sensing system; the SFD technology detects stress anomalies to identify and high-grade prospect-level leads conducive to hydrocarbon and geothermal fluid entrapment, both onshore and offshore over any terrain; it complements seismic programs by accelerating exploration in pre-seismic lead generation and post-seismic prospect prioritization, with surveys deployable rapidly—such as covering 5,000 square kilometers in three months—while minimizing environmental impact and community disruption. The company, founded in 1994 and headquartered in Calgary, Alberta, Canada, operates internationally with a focus on reducing exploration time, cost, and risk for oil and gas exploration and production firms. In 2025, NXT secured multiple SFD survey contracts in Africa through its strategic alliance with Synergy E&P, an affiliate of Ataraxia Capital, including a project with data acquisition starting in Q3 and interpretations by Q4; it received a US$2 million strategic investment from Mork Capital in November to advance SFD applications in Canada; and announced convertible debenture conversions in May and June, alongside presentations at industry events like Enercom Denver.