Fracture ID's patented Drillbit Geomechanics™ technology allows operators to understand the rock mechanics and geology of their reservoir by measuring how the bit interacts with the rock. Once operators know their reservoir conditions they can begin improving completions strategies to reduce both costs and well to well interaction. Having high resolution, robust data along every well allows operators to optimize development strategies such as defining landing zones and frac barrier interaction. The end goal is to have a proactive industry that gets more hydrocarbons out of the earth at reduced cost and with less risk.
View Top Employees from Fracture IDWebsite | http://www.fractureid.com |
Revenue | $36 million |
Funding | $3.3 million |
Employees | 22 (22 on RocketReach) |
Founded | 2014 |
Address | 216 16th St Suite 1500, Denver, Colorado 80219, US |
Phone | (888) 392-1628 |
Technologies |
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Industry | Oil and Gas, Electronics, Energy, Rock Mechanics, Manufacturing, Elastic Properties, Fracture Identification, Completions, Reservoir Characterization |
SIC | SIC Code 138 Companies, SIC Code 13 Companies |
NAICS | NAICS Code 54 Companies, NAICS Code 54136 Companies, NAICS Code 5413 Companies, NAICS Code 541 Companies |
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The Fracture ID annual revenue was $36 million in 2024.
Chris Neale is the President and Founder of Fracture ID.
22 people are employed at Fracture ID.
Fracture ID is based in Denver, Colorado.
The NAICS codes for Fracture ID are [54, 54136, 5413, 541].
The SIC codes for Fracture ID are [138, 13].