Banneker Partners (“Banneker”) today announced a platform investment in ResFrac Corporation (“ResFrac”), the developer of the industry’s only fully integrated reservoir simulation and hydraulic fracturing platform. ResFrac uniquely couples reservoir simulation and hydraulic fracture modeling,
We recently held our annual company retreat. This is an important event because we are a fully remote company, and it gives us the chance to get together in-person and spend quality time. This year,
In ResFrac, we are always challenging ourselves—what should we be doing better? What new capabilities should we add to the simulator? One of our newest projects is adding horizontal fracture propagation. Under most conditions, hydraulic
ResFrac is honored to welcome Dr. Thomas Finkbeiner to the team as a Senior Technical Advisor. Having lived many years in the region and consulted with Saudi Aramco and others, Thomas brings valuable technical and
Comrades Marathon is the world’s largest and oldest ultramarathon. The first race was in 1921. The number of registrants for this year was capped at 20k. The marathon runs from the city of Durban to
It’s that time of year again for our ResFrac team to embark upon the Imperial Challenge in Breckenridge, CO! As with last year, Egor, Dirk (ResFrac investor), and Garrett tackled the challenge this year. The
The purpose of this blog post is to cover recently developed ResFrac capability that allows investigation of the effect of natural fractures on hydraulic fracture propagation. While this option has always been available for the
Last week we held our Fourth Annual ResFrac Symposium. The premise of the event is to bring together ResFrac users to share use cases, best practices, and general developments in the industry. This year was
June 27 (Reuters) – U.S. shale oil producers are returning to existing wells and giving them a second, high-pressure blast to lift output for a fraction of the cost of finishing a new well. These
For the first time in more than two years, the entire (almost!) ResFrac team gathered in Denver. We mixed education (thank you to our friends at Liberty Services for showing us the nuts and bolts
We at ResFrac are coauthoring four papers at HFTC. The papers describe a parent/child case study performed with Devon in the SCOOP/STACK, our new automated history matching and economic optimization tools, a new crack propagation
Three brave ResFrac riders took on the Triple Bypass rider in Colorado on August 21. The Triple Bypass is a famous Colorado ride stretching 110 miles and climbing 11,000 ft between Evergreen, CO and Vail,
Last month we held our third annual ResFrac Symposium, where users presented case studies and panel discussions on industry topics. This year’s lineup featured six operator-speakers as well as guests from the DOE and an
The team has been consistently busy over the last few months, but somehow along the way, our ResFrac Endurance team hasn’t stopped racing and training, setting and achieving goals. We have some race reports to
ResFrac is releasing Egor Dontsov’s new crack propagation algorithm, MuLTipEl, a major new development in the field of fracture modeling. The algorithm tracks the position of the crack tip within each crack element, giving us
The ResFrac team has been going full speed this year! At our ‘virtual water-cooler’, I noticed that we have quite a few team members who are endurance and/or competitive athletes and did interviews to learn
In this talk delivered for ARMA HFC ‘Warm-Up’ webinar Series, Egor Dontsov outlines his latest work at ResFrac, which raises the bar in hydraulic fracture modeling by creating a continuous fracture front tracking algorithm with
This post reviews some of the more interesting things happening at ResFrac right now: HFTC paper with Apache on Calibrating models with offset fiber, parent/child well industry study, HFTS2 project, engineering geothermal systems, DFIT’s and
ResFrac’s sensitivity analysis tools help operators to create, run and interpret batches of simulations that vary systematically, enabling convenient and reliable work flows to test ideas and optimize economic performance.
ResFrac’s Industry Study will be studying the interactions between parent wells and child wells (infill wells) to identify optimizations that improve economic performance.
Last month we hosted our annual ResFrac Symposium – our annual event for ResFrac customers. In keeping with the times, the event took place over Zoom instead of in-person. Despite the remote format, the meeting
Recently, we’ve been fortunate to work with whitson (https://whitson.com/) on work for a mutual client. Founded by Prof. Curtis Whitson at the Norwegian University of Science and Technology, they specialize in building models of petroleum
The new ResFrac user interface is fully operational! It was released in November, and since then, we’ve been regularly rolling out major updates. It’s been a large and complex team effort. The heavy lifting was
At the end of April, we closed a second round of equity financing from Altira Group. This funding gives us a strong cash cushion and puts us in a good position to continue to grow
Thank you to all involved in the ResFrac simulation training course held in early 2020–it was a resounding success! With the subsequent onset of COVID-19 social distancing restrictions, this will be our last in-person training
Join us for ResFrac office hours with the ResFrac team. Each Tuesday evening for at least the next four weeks, the ResFrac team will host a zoom meeting to discuss your questions on hydraulic fracturing,
It is my great pleasure to become part of the ResFrac team. They are a talented group of hard-working people. I first met Mark over two years ago at an SPE Conference. He was passionate about
The DFIT Industry Study kicked off in January 2018 with six major operators and one service company participating. We have been holding meetings every three months, and the study will conclude at the end of
