ResFrac in the news- press coverage, events and company updates
Press coverage and media
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.
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.
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July Office Hours will be held on July 12 at 4:00 p.m. Central, virtually via Zoom. ResFrac’s Rohan Irvin will review his URTeC paper on modeling the HFTS 2 well pad in the Delaware Basin.
We’ll be hosting another ResFrac training on September 14-16, 2022. If you’ve been meaning to attend to learn more about how to master the ResFrac simulator, or if you just think it’s time for a brush-up on your skills, we’d love to have you join us. We’re still ironing out details, but you can register to be on the course mailing list and be the first to receive venue and other details here.