[Context:On January 23, Lime Rock and Statoil-backed Reveal Energy Services provides update on fracture mapping technology implementation. Further details and related links are below.]


Reveal Energy Services | Lime Rock

Reveal Energy Services Validates More Than 2,500 Hydraulic Fracturing Stages; Operators reducing geologic, financial risk with simple, accurate, affordable pressure-based fracture maps

THE WOODLANDS, Texas, Jan. 23, /PRNewswire/ — Reveal Energy Services announced today the company has validated more than 2,500 hydraulic fracturing stages throughout the US with its simple, accurate, affordable pressure-based fracture maps. The technology has been successfully deployed in the Bakken, Midland, Delaware, Eagle Ford, STACK/SCOOP, Woodford, and Marcellus. The company is presenting the technology during the SPE Hydraulic Fracturing Technology Conference (HFTC) at The Woodlands Waterway Marriott Hotel and Convention Center January 23-24.

The fracture maps, which are created in relevant time, show an operator the fracture half-length, height, and asymmetry for validating the completion design on every well at a fraction of the cost of legacy diagnostic technologies. The maps easily quantify this fracture geometry so operators will know whether a stimulation treatment is producing the planned fracture dimensions. All that is required is a pressure gauge and a bridge plug on a monitor well; hydraulic fracturing proceeds in the treatment well without downhole tools, downtime, or additional crew.

“Instead of monitoring only 5% of their wells with older technologies that are complicated, intrusive, and expensive, operators can now monitor 100% of their wells with our streamlined pressure-based fracture maps,” said Sudhendu Kashikar, CEO of Reveal Energy Services. “Our technology guides operators to work with factory mode consistency that increases reservoir contact.”

The company’s project turnaround time continues to decrease significantly. In December, Reveal Energy Services announced the first near real-time DiverterSCANSM technology results, which allowed an operator to quickly identify a diversion design that enhances hydraulic fracturing fluid distribution. The operator is increasing fracturing efficiency by stimulating multiple perforation clusters in its STACK/SCOOP wells.

DiverterSCAN technology is one of the company’s five services that include:

-FracSCANSM technology accurately quantifies 3D fracture maps of half-length, height, and asymmetry

-DepletionSCANSM technology identifies the depletion boundary surrounding a parent well

-PerfSCANSM technology enables an understanding of pumping rate effects on fluid distribution

-ProppantSCANSM technology offers insight into the fluid system and pumping schedule.

All five services are powered by IMAGE Frac™ pressure-based fracture maps that validate the completion design on every well with minimum operational risk and cost. The company is presenting the technology suite in booth 125 during HFTC.

About Reveal Energy Services

Reveal Energy Services offers simple, accurate, and affordable fracture maps that validate the completion design on every well with minimum operational risk and cost. The flagship IMAGE Frac pressure-based fracture maps with five services offer unparalleled diagnostic insight into completion design effectiveness and well-spacing decisions. Reveal Energy Services was formed as a wholly owned subsidiary of Statoil Technology Invest in January 2016. The company, which is privately held, is funded by Statoil and Lime Rock Partners.

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