The industry’s only fully coupled hydraulic fracturing and reservoir simulator
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Test designs in a virtual environment before implementing them in the field
Physics-based simulation is synergistic with data analytics and field data collection. Synthesize field data and accelerate the process of continuous improvement.
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Recent content from the ResFrac blog
ResFrac’s automated optimization tool allows you to quickly and easily identify the economically best well spacing and frac design. This blog post steps through a simple demo of our built-in economics engine that is similar to those used by commercial software in the industry. It accounts for details such as working interest, different types of taxes, time-varying operations cost, etc.
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.
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.