FracBeat is an innovative, real-time completion diagnostics and optimization platform.

For more than a decade, the Oil & Gas Industry has been hydraulically stimulating/fracking unconventional wells. Hundreds of barrels of fresh water being wasted per well.
Frac job cost can vary from $2-6M per well.

- There are numerous technologies available to the industry that allow to either monitor frac jobs in real-time or to obtain data about fractural extent post-stimulation. Existing technologies help to gain an understanding of the fractural extent and well performance, yet they are either very costly (can't run them on every well) or don’t provide results in real-time.
Yet none of these technologies provide sufficient insights that can help save water without sacrificing production.

Having a limited amount of data makes it almost impossible for oil & gas or geothermal operators to properly benchmark and optimize completions design. Up until this point, operators could not reduce vol...
FracBeat is an innovative, real-time completion diagnostics and optimization platform.

For more than a decade, the Oil & Gas Industry has been hydraulically stimulating/fracking unconventional wells. Hundreds of barrels of fresh water being wasted per well.
Frac job cost can vary from $2-6M per well.

- There are numerous technologies available to the industry that allow to either monitor frac jobs in real-time or to obtain data about fractural extent post-stimulation. Existing technologies help to gain an understanding of the fractural extent and well performance, yet they are either very costly (can't run them on every well) or don’t provide results in real-time.
Yet none of these technologies provide sufficient insights that can help save water without sacrificing production.

Having a limited amount of data makes it almost impossible for oil & gas or geothermal operators to properly benchmark and optimize completions design. Up until this point, operators could not reduce volumes of injected water, proppant (sand), pumping time, and therefore the cost of hydraulic fracturing without sacrificing the productivity and economics of oil & gas wells.

FracBeat allows generating frac parameters that are detrimental to cost savings and increased wellbore productivity.
There are no technologies on the market that provide sufficient information to reveal parameters of induced fractures that are responsible for wellbore productivity. None of the currently available technologies allow to determine optimum pumping time (volume of fluids) per stage, (per given rock type) and save the volume of injected fluids, the pumping time while reducing completions costs.
FracBeat allows to substantially reduce completions cost by reducing the volume of pumped fluids, pumping time, and proppant. This allows reducing disposal costs. FracBeat helps mitigating frac hits, preventing screenouts, and increasing the productivity of wells.

Companies that are looking to diversify their portfolios with carbon-neutral assets and convert their idle or depleting wells into geothermal are facing similar issues as oil and gas operators - the lack of data. Hence, it makes it extremely hard to identify wells that are the best conversion candidates. FracBeat analyzes historic drilling, completions, cement bond, and production data that allows to benchmark existing wells. Real-time monitoring capabilities allow monitoring injection/production rates.
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Sattor Khakimov
Admin
Sattor Khakimov CEO An innovator with solids leadership skills. Capable of building and managing effective multi-disciplinary teams to solve challenging tasks.