2022 ResFrac Annual Symposium

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 our biggest yet, with nearly 100 people joining either in-person or online throughout the day-long event, representing 26 different oil, gas, and geothermal operating companies, seven universities, and several service company collaborators.

A shale booster shot: ‘Re-fracs’ rise as cheap way to lift U.S. oil output

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 “re-fracs” are taking hold as shale oil producers look to take advantage of $100 a barrel crude without making big investments in new wells and fields.

Why Multistage Stimulation Could Transform the Geothermal Industry

Flow rate is a major challenge for geothermal. However, the techniques used in shale to prevent flow localization can be applied directly to geothermal. If we can create hundreds or thousands of flowing fracture pathways around a horizontal or deviated geothermal well, then we will have truly “changed the game.” Read the article at the Journal of Petroleum Technology.

TWA Energy Influencers 2021

Mark McClure, CEO of ResFrac Corporation

We’re excited to announce that Mark McClure, ResFrac CEO was chosen to receive a “TWA Energy Influencers Class of 2021” award, given by The Way Ahead, a publication of the Society of Petroleum Engineers.  This honor was given to seventeen young professionals, under the age of 36, “who excel in their fields at a level superior to that of their peers, yielding second-to-none achievements. Their outstanding efforts help shape the narrative around key issues in the energy sector for future generations.” Learn more about all those awarded on The Way Ahead website.

Hart Energy Profiles ResFrac as Innovative, Disruptive Technology

“Private-equity-backed tech startups are fostering change in the oil and gas space with innovative, disruptive technology. Many investors have turned to transformative technologies to enable digitalization and improve returns. Given the current price environment, harnessing digital technologies has proven to be a critical part of survival.

As many oil and gas companies look for solutions to help cut costs, Investor profiled three forward-thinking digital technology startups that are moving through the energy industry and helping streamline operations, boost efficiencies and maximize production.”