Garrett Fowler, chief operating officer for ResFrac, said the industry’s mindset is shifting. Where unconventional development once focused primarily on cost and speed, operators are increasingly focused on engineering the subsurface to maximize production. That
Reservoir modeler ResFrac has been acquired by private equity firm Banneker Partners, a move that positions the software specialist for growth in its core market of unconventionals and beyond. Private equity’s move into reservoir modeling
A software company that models oil and gas operations and that has an employee base in Denver has been acquired for an undisclosed price. ResFrac, based in Palo Alto, simulates various oil and gas production
Geothermal development is gaining steam and entering a transformative era, driven by breakthroughs in adapting and improving on engineering, drilling, completion, and production technologies to the efficient extraction of heat from the Earth.
For the first time in years, the US federal government has leased every parcel of public land it has opened for geothermal development – and at record prices. Average prices for public land leases for
The ADD remains in its infancy but the research work done by Hess and simulation firm ResFrac Corp. suggests that the industry may want to keep tinkering with the idea since it is likely applicable
In the summer of 2023, Fervo, an E.G.S. startup, set a record for continuous flow rate between multiple wells. They broke it again last year. “It’s a really big deal,” McClure told me. The firm
Almost all notable advancements in hydraulic fracturing technology over the past 2 decades have stemmed from the rise of the tight-oil and -gas industry. During this time, completions equipment evolved from the analog workhorses of
In this Energy Tech Night panel, industry experts Aaron Burton, Justin Hayes, Alex Goodwin, and Mark McClure break down the difference between refracs and recompletions and why it matters, how to identify good refrac candidates
We are proud to announce that Dr. Danial Zeinabady, Senior Software Developer at ResFrac, along with Dr. Christopher Clarkson (University of Calgary) and Dr. Benham Zanganeh (Chevron), has been awarded the ASTech Award (Alberta Science
The Helmholtz Centre Potsdam – German Research Centre for Geosciences (GFZ) has awarded Mark D. Zoback, ResFrac Senior Executive Advisor, with the Rolf Emmermann Medal. Mark received this highest honour of the GFZ for his
ResFrac co-founder and CEO Mark McClure joined John Kalfayan with Digital Wildcatters and a panel of industry innovators for a panel discussion diving into the latest advancements in well stimulation and refrac techniques designed to
The discourse regarding US land exploration and production has tended to primarily focus on shale development. While this has pushed the industry to adopt many technologies or applications, the general recipe has been to be
Hydraulic fracturing teams may soon be able to achieve almost perfect proppant distribution across clusters in a stage, an advance that will significantly improve wells’ initial and long-term production. The key is autonomous intelligent fracturing,
Fervo Energy proved fracturing can harvest geothermal energy and is now rapidly learning to build a utility-scale power plant. Earlier this year, one of the founders of Fervo Energy announced that the geothermal innovator had
Fervo Energy proved fracturing can harvest geothermal energy and is now rapidly learning to build a utility-scale power plant. Earlier this year, one of the founders of Fervo Energy announced that the geothermal innovator had
Completion optimization has long been focused on two primary techniques. The first looks at historical well performance or field trials to extract lessons for future wells, while the second deploys advanced measurement techniques to collect
Recent field trials have shown outstanding results from applying shale-style fracturing treatments to increase production from geothermal wells. In addition, application of industry drilling best practices have dramatically improved the rate of penetration and bit
ResFrac customer, Fervo Energy has shown that fracturing can be used to build a geothermal heating system in hot, hard rock. During a 37 day test at it’s Project Red test site, the Houston company
ResFrac initiates the process by building a “why” model using first principle physics. “Once we have a model that accurately describes how things are acting in the rock, we apply algorithms that use data analytical
The project’s results are a “historic breakthrough” for geothermal power, but Fervo still has much work ahead, according to Mark McClure, CEO of ResFrac, a firm that develops hydraulic fracturing simulation software. “Even as they
In an exclusive interview with Garrett Fowler, COO at ResFrac, at URTeC in early June, Hart Energy’s Jaxon Caines dove into reservoir and hydraulic fracking simulations—and the challenges that result from combining the two.
ResFrac Corporation Chief Operating Officer, Garrett Fowler, has been named 2023–2024 SPE Distinguished Lecturer. Garrett will be presenting on “How To Leverage What We’ve Learned About Hydraulic Fractures.” DL Speakers from various disciplines and professions
This week, the US Secretary of Energy, Jennifer Granholm, was in Houston to announce an ‘Earthshot’ initiative to accelerate domestic production of zero-emission, baseload geothermal energy Secretary Granholm announced the initiative at a press conference,
Hitting the next well during fracturing happens all the time. Predictably doing that on a large scale in granite looks a lot harder. Backed by $220 million from the US Department of Energy, the Utah
Insights from an ongoing industry study on North American shale wells help explain what frac hits, or fracture-driven interactions, are doing between offset wells, and why. When trying to understand the well-to-well events known as
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
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
HOUSTON– Hess Corp. applied advanced numerical modeling and simulation to better understand complex relationships between a horizontal parent and two vertical child wells completed in the Middle Bakken formation. The results not only help make
Mark McClure, CEO, of ResFrac Corporation was interviewed on the Energy 360 Podcast by Dan Genovese, Director of Consulting Services at Enercom to discuss unique modeling in a three-dimensional simulator for reservoir simulations. In this
Some really great insights by ResFrac CEO Mark McClure on the complementary nature between physics-based modeling and data science and automation in the oil sector. Thanks to Hoss Belyadi for facilitating this important discussion.
“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
Two industry leaders, Dr. Mark Zoback and Joe Frantz, have joined the company as senior executive advisers.
ResFrac recently released its new user interface, modernizing the industry’s first genuinely coupled hydraulic fracture, wellbore and
ResFrac co-founder and CEO Mark McClure joined Collin and Jake from the Digital Wildcatters’ Oil and Gas Startup Podcast to discuss ResFrac’s origin, approach, technology, and culture.
For the past 20 years, the diagnostic fracture injection test has been used across the frontlines of the shale revolution to paint a picture of what cannot be seen. However, that picture has not always
ATCE welcomes ResFrac Corporation to the vibrant and innovative Startup Village. Designed to ignite the entrepreneurial spirit in the energy industry, this competition showcases a remarkable competition for emerging startups in the energy field. This
Being a startup in the upstream industry does not make for an easy existence. For starters, the target customer base is famously known for its collective skepticism of new and unproven technologies. And even if
The diagnostic fracture injection test (DFIT), also called a mini-frac, has helped steer the completion designs of countless horizontal wells over the years. However, an ongoing industry study is about to give engineers a new,
