Low Cost Solution for Engineered Completions

Fracture ID, a Denver-based oil and gas technology company, today announced its highly differentiated, low cost solution for engineered completions. Fracture ID cost effectively delivers critical oil and gas reservoir properties to exploration and production (E&P) companies to lower drilling and completion costs and increase hydrocarbon recoveries.

Fracture ID uses proprietary Drillbit Geomechanics™ to analyze at-the-bit vibrations for detailed reservoir characterization, providing the basis for improved unconventional resource development economics through informed frac stage and perf cluster placement.

An industry standard downhole data logger is used to collect data in the normal course of drilling, from which high resolution measurements of mechanical rock properties such as Young’s Modulus, Poisson’s Ratio and the location of intersected natural fractures can be made. Fracture ID’s solution is low cost, requires no additional rig time, and presents no incremental operational risk or downtime. Projects delivered to more than 10 E&P companies to date have confirmed that the results generated by Fracture ID technology correlate to traditional petrophysical measurements, while costing only a fraction of current reservoir characterization tools.

Chris Neale, Fracture ID Founder and CEO, said: “Our technology is used by E&P companies to group similarly stressed rock so more fractures are initiated in every frac stage. This additional fracture surface area increases production rates and ultimate recovery with no negative impact on completions cost. Our price point provides the commercial viability for targeted stimulation on every new well drilled.”

New Private Investment

Fracture ID is announcing a private investment from Energy Innovation Capital, the premier capital provider to energy innovators. The partnership provides Fracture ID with the capital resources to accelerate its growth plan, enhance its Drillbit Geomechanics™ technology and strengthen client service.

Neale said: “The capital infusion from Energy Innovation Capital (EIC) enables Fracture ID to meet the rapid increase in industry demand for our services. Given EIC’s deep technical and commercial experience in the oil and gas industry, they are an ideal growth partner.”

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