Company Research Report: Reveal Energy Services
Company Overview
Name
Reveal Energy Services
Mission
To revolutionize fracture diagnostics methods through innovative engineering.
Founded and Founders
- Founded in January 2016.
- Reveal Energy Services was formed as a wholly owned subsidiary of Equinor Technology Ventures (formerly known as Statoil Technology Invest).
Key People
- Sudhendu Kashikar – CEO
Headquarters
1500 Citywest Blvd, Suite 741, Houston, Texas 77042, USA
Number of Employees
No information is available.
Revenue
No information is available.
Specialization
Reveal Energy Services is known for its award-winning hydraulic fracture pressure-based measurement services and completions interpretation platform that increase operational efficiency without risk, providing guidance for enhanced completions decisions in near-real-time.
Products
IMAGE FracTM
Description
Pressure-based fracture maps.
Key Features
- Simple, accurate, and affordable fracture maps.
- Minimal operational risk and cost.
- Validates completion design on every well.
FracEYESM
Description
Frac hit analysis service.
Key Features
- Uses pressure measurements from offset wells combined with treatment data.
- Understands and quantifies observed pressure variations.
- Sets up warnings to alert for “frac-hits.”
ORCHID
Description
Completions interpretation platform.
Key Features
- Reduces cost, effort, and resources.
- Empowers profitable development decisions 80% faster.
- Industry’s first commercially available desktop completions interpretation platform purpose-built for integrated diagnostics analysis.
- Supports interpretation and analysis of Distributed Acoustic Sensing (DAS) data.
FracSCAN, ProppantSCAN, DiverterSCAN, and DepletionSCAN Services
- FracSCAN: Assists in making informed decisions about well-lateral spacing, downspacing, and the effects of frac barriers and stress-shadowing.
- ProppantSCAN: Provides insights into the volume of the fracture that is propped after fracking.
- DiverterSCAN: Analyzes diversion design efficacy by comparing growth rates before and after a diverter drop.
- DepletionSCAN: Identifies the depletion boundary surrounding a parent well to make better completion decisions.
Recent Developments
Acquisitions
- 01/07/2022: KAPPA Acquires Reveal Energy Services
New Product/Feature Launches
- 07/26/2021: ORCHID Completions Evaluation Platform Adds Distributed Acoustic Sensing Interpretation Tools
- 07/06/2021: Reveal Energy Services Signs Agreement to Commercialize Hydraulic Fracture Pressure Diagnostics with ConocoPhillips
- 03/02/2021: ORCHID Completions Interpretation Platform Gaining Traction
Features Added
- Interpretation and analysis support for Distributed Acoustic Sensing (DAS) data.
- New patent-pending functionality for generating microseismic event density volumes.
Partnerships
- 07/06/2021: Reveal Energy Services entered into a technology licensing and development agreement with ConocoPhillips to commercialize poroelastic response measurement [PRM] technology.
Conclusion
Reveal Energy Services, through its innovative technologies and strategic partnerships, continues to push the envelope in the field of hydraulic fracture diagnostics.
