FracGeo Revenue and Competitors

FracGeo provides Shale Managementâ„¢ solutions for sweetspot and landing zone selection, adaptive asymmetric frac design, engineered completions, frac hit mitigation and well spacing optimization in unconventional and tight reservoirs to improve well performance and EUR. FracPredictorâ„¢ is a multidisciplinary platform that enables the breaking down of the siloes between geoscience and engineering that includes 3D seismic and/or well log/surface drilling data driven geologically and geomechanically constrained hydraulic fracture modeling, well interference prevention, and model updating using friction corrected surface drilling data. FracPredictorâ„¢ focus' on the estimation, throughout the reservoir volume, of stress gradients and subsurface properties affecting sweetspots, landing zone, hydraulic fracturing and SRV development. The stress gradient simulation is driven by the modeled rock geomechanical properties, pore pressure, and natural fractures, and their interaction with regional stress before and during hydraulic fracture stimulation. The fracture geomechanical simulator uses new and fast continuum mechanics based computational tools integrating geoscience and engineering in a way that has not been done before, allowing the engineers to quantitatively adapt the hydraulic fracture treatment based on these varying reservoir properties to achieve the optimal stimulation which accounts for spatially variable stress gradients. Well downspacing workflows to mitigate the risk of well interference or frac hits include geomechanically constrained reservoir simulation to calculate depletion of modeled parent wells and its impact on the frac propagation during the child well stimulation ensure optimum number of wells per section and ROI. Updates during drilling based on geomechanical logs, fracture index and pore pressure calculated from surface drilling data using MSE corrected for friction losses ensures staying in the planned landing zone and most fracable rock.