News Room
ResFrac in the news- press coverage, events and company updates
Danial Zeinabady awarded the ASTech Award in Energy- for work on Development of Revolutionary New Well-Testing Method for the Energy Industry
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 and Technology) in Energy for developing a revolutionary new well-testing method for the energy industry—the DFIT-Flowback Analysis method. Through their work, more than 10 operators have successfully conducted over 300 tests across Canada, the United States, and Australia. This innovation in well-testing represents a significant step forward in hydraulic fracture and reservoir characterization in unconventional reservoirs.
Want to learn more about what ResFrac is doing? Sign up for updates.
Rolf Emmermann Medal awarded to Mark Zoback
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 outstanding contributions to the geosciences and the GFZ. “His major contributions to the Continental Deep Drilling Programme of the Federal Republic of Germany (KTB) as well as to the later foundation of the International Continental Drilling Programme ICDP were decisive starting points both in the founding phase and in the first years of the GFZ,” says Susanne Buiter, Scientific Director of the GFZ.
Maximizing Production Efficiency: Advanced Well Stimulation & Refrac Techniques
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 help maximize production efficiency and optimize recovery. Other panelists included Wes Casto (Casto Petroleum Engineering), Don McLean (Nine Energy Service), and Bob Barba (Integrated Energy Services).
Case Study: Innovative Approach To Increase Well Productivity by Adapting Drilling Targets and Completion Methodology
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 faster and cheaper with hopefully more predictable BOE/ft production. However, there are limitations with this approach as it tends to boil down to a choice of substitution rather than true engineering to improve return on investment or improved net present value.
Frac Automation To Deliver Strong Returns By Enabling Perfect Stages
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, a novel technique that combines automated fleet operations with real-time measurements and lightning-fast modeling to fine-tune completion parameters during each stage.
Fervo Showed Fractured Geothermal Works, Now Must Do It Bigger, Cheaper, and Soon
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 reached its “Mitchell moment.” Jack Norbeck, chief technology officer for Fervo, likened a test where it used a pair of fractured wells to create water hot enough to generate electricity to the time when Mitchell Energy adopted slickwater fracturing to economically extract large amounts of gas from the ultratight rock in the Barnett Formation. “We have derisked all those core challenges, we reached the Mitchell Energy moment for geothermal.”
Real-Time Changes To Completion Designs Are Poised to Unlock Value
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 detailed data on specific wells. These techniques have a long history of leading to more reliable models and accelerating design improvements.
Operators Quantify How Completions Tweaks Drive Production
The new frontier of production improvement combines surveillance techniques and analysis to determine which variables boost output. With every completion, operators can fine-tune their designs. More stages or fewer? More proppant or less? But what actually drives production improvements? Operators are increasingly seeking low-cost means of determining just that, often pushing readily available data through analytical workflows to determine what’s working. And just what is it worth, anyway, to get the completion right? As long-sought technology allowing operators to optimize their fractures in real time nears reality, the question arises of how much value a perfect fracture will bring to the bottom line.
Where, When and How to Refrac—Weighing All the Options
They are called re-fracs, re-entries, re-completions and other variations on re-peat terms. Whatever the name, the purpose is the same—to re-enter an existing and declining well to access more rock and pump new life out of it—and it is becoming a much more common practice for operators.
From the American Oil and Gas Reporter: Geothermal Needs Oil Field Expertise
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 life while drilling through high strength crystalline basement rock. These breakthroughs promise to dramatically increase geothermal energy production in the United States and internationally.
Test Shows Fracturing Can Also Create Underground Water Heating Systems
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 produced as much as 63 L/s (998 gal/min) of water heated to 336 degrees F. By pumping water from an injection well through fractured hot rock to a producing well, it heated enough water to generate up to 3.5MW of power, according to a company release.
ResFrac Featured as Pioneering Software Technology in Hart Energy’s 2023 Hydraulic Fracturing Techbook
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 techniques,” ResFrac COO, Garrett Fowler said. “Optimization algorithms run a variety of hypothetical simulations—moving a well 50 feet deeper, for example, or using twice as much fluid—to determine the best next step in the development process.”
Fervo Energy sees ‘breakthrough’ in enhanced geothermal technology, opening path for firm, clean power
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 continue to achieve technical success, they will need to demonstrate the commercial model — that they can secure funding, execute, and drive down costs to achieve long-term profitability,” he said Wednesday in a review of the project’s results.
Hart Exclusive: Making Informed Subsurface Decisions
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’s Garrett Fowler is named 2023 SPE Distinguished Lecturer
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 focus on industry trends, challenges, technology applications, and advances. Scheduled DL events are in-person meetings only.
DOE Innovators Roundtable on Enhanced Geothermal Systems with Secretary Granholm
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, and then hosted a roundtable discussion with Reginald DesRoches, the president of Rice University, and a group of innovators in the geothermal space. ResFrac CEO Mark McClure was one of the participants in the roundtable. Sec. Granholm asked him how to increase engagement from the oil and gas industry in geothermal.
The Fracturing Plan: Hit a Well 300 ft Away—How Hard Could That Be?
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 FORGE team’s goal is to develop the techniques and tools needed to create well-to-well flow paths through rocks that are at more than 400°F and then send the heated fluids to the surface to power electric generation. This approach is known as an enhanced geothermal system (EGS). A paper recently presented at the SPE Hydraulic Fracturing Technology Conference highlighted the problem. The reservoir modeling firm ResFrac offered examples of what can be done to understand geothermal fracturing systems, but said it is not yet possible to model a well plan for a specific location.
What Is Really Happening When Parent and Child Wells Interact?
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 frac hits and fracture-driven interactions (FDIs), the first idea to embrace is this: they are not all the same. “And the key physical mechanisms are not the same,” said Mark McClure, who added that, “Until you’ve really dialed in on what those are, you’re really in the dark.”
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
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.
Frac Tech: Simulation Sheds Light On Complex Relationships Between Parent-Child Wells
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 sense of diverse parent/child well observations, but also shed new light on effective frac length, the impact of frac hits on parent well production, proppant distribution and “trapping,” and more.
Exclusive 360 Energy Expert Network Video Interview: Understanding Your Reservoir – A conversation w/Mark McClure, CEO, ResFrac
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 market, every dollar counts in your limited capital budgets. Click to view the interview and learn more about the collaboration, transparency and the realism in the fluid flow and Proppant transport.
Obserintelligence Podcast interviews ResFrac CEO Mark McClure
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.
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.”
ResFrac Corporation Closes Equity Financing with Altira Group and Launches New User Interface
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 reservoir simulator.
ResFrac on the Oil and Gas Startups Podcast
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.
Questions Over Permeability Prompt Producer-Led Group To Rebuild Key Fracture Diagnostic
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 been so clear in the eyes of subsurface engineers. Last year, a joint-industry project supported by six shale producers formed to develop a new methodology that aims to bring fractures into sharper focus—especially when it comes to obtaining accurate permeability estimates from within shale gas formations
ATCE Startup Competition Names People’s Choice and Rising Star Winners
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 is your chance to promote your ingenuity and creativity by presenting your groundbreaking solutions, technologies, and business models that will revolutionize the energy sector. Compete with other energy startups to win prizes, gain visibility and recognition by industry leaders, gain mentorship and network with energy investors!
University Group Lists “Most Promising” Oil & Gas Startups of the Year
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 an innovation passes technical muster, it must go well beyond creating nominal value to entertain wide interest from oil and gas companies. ResFrac’s precursor company, McClure Geomechanics, was named among the most promising startups by the Rice Alliance for Technology and Entrepreneurship for the Offshore Technology Conference’s (OTC) Startup Roundup in 2018.
New Modeling Code Sees Deep Inside Fractures, May Change Thinking on Well Spacing
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, and possibly significantly more accurate, way to use it. As a result of the project, “What I believe is going to happen, is that in 3 years everyone will have completely changed how they interpret the test,” said Mark McClure, the founder and chief executive officer of ResFrac Corp.
Upcoming events
ARMA International Geomechanics Symposium
Join us on November 7-9 at the upcoming ARMA International Geomechanics Symposium in Abu Dhabi. ResFrac Senior Reservoir and Completions Engineer, Ankush Singh, will be presenting his recent work on long-term CO2 injection.
ResFrac Office Hours: December 13
ResFrac December Office Hours will be held virtually via Zoom on December 13, at 4:00 p.m. Central. We will have a presentation by ResFrac CEO, Mark McClure.