ResFrac

ResFrac Corporation develops ResFracPro, a physics-based simulation platform that couples hydraulic fracture modeling with reservoir and wellbore simulation in a single continuous model. The simulator solves for 3D fracture initiation and propagation, stress shadowing and poroelastic/thermoelastic stress changes, proppant transport and remobilization, non-Newtonian fluid and diverter behavior, multiphase flow in the matrix, fractures and wellbore, non-Darcy flow, nonlinear fracture conductivity, and thermal effects including the water/steam transition and supercritical water. Rather than representing fractures as high-permeability rock cells, the software meshes cracks as cracks and applies fracture-mechanics and in-crack transport equations.

Operators use the platform to model a well's full life cycle from stimulation through years of production, and to optimize well spacing, landing depth, cluster spacing, stage length, perforation and limited-entry design, fluid and proppant volumes and types, refracs, diverter placement, parent/child interference mitigation, and enhanced oil recovery huff-and-puff schemes. Applications extend to enhanced geothermal systems — where stimulation and long-term circulation are simulated in one integrated model — conventional formations with high-permeability leakoff, diagnostic fracture injection tests (DFITs), and offset fiber-optic measurement interpretation. Supporting products include web-based ResApps tools: FracTest for DFIT interpretation, StageOpt, and IntTest.

The company supplements the software with training materials, an A-to-Z guide, video tutorials, published technical documentation, monthly office-hours sessions, a blog, and an annual symposium. Its team spans reservoir and completions engineers, simulation and software engineers, a geothermal team lead, an Australasia technical team lead, and senior technical advisers.

Business model

ResFrac offers two modes of engagement: direct licensing of its simulation software and turnkey consulting/modeling services, or a combination of the two, with packages aimed at companies ranging from small independents to supermajors and national oil companies. Consulting projects follow a structured workflow of kickoff, model construction, calibration to field data, design optimization, field implementation and results evaluation, with checkpoint meetings at key stages.

Revenue comes from software licensing of the ResFracPro simulator and from fee-based turnkey fracture design and reservoir simulation consulting projects, or blended arrangements.

Traction

The company reports 75+ client operators, 81+ technical papers and more than 2.4 million hours of simulation usage per year since launching in 2018. Published case studies include an HFTS 2 consortium study indicating a possible 60% NPV improvement from optimized well placement and completion design, a Utica project identifying well-spacing issues associated with 30%+ NPV reduction, and case studies where frac design optimization achieved 20% or greater increases in production or ROI. A 2026 annual symposium was held in person at the ExxonMobil campus in Spring, Texas, and virtually.

Latest developments

In April 2026 Banneker Partners made a platform investment in ResFrac, with Lightning Partners acting as exclusive financial adviser to the company; the investment is intended to fund platform innovation, expansion into adjacent capabilities, markets and geographies, and team scaling. The company also released FracTest, a web-based DFIT interpretation application, shipped a ResFracPro June release adding economic calculation options for oil and gas, geothermal and EOR, expanded relative-permeability models and conventional fracturing capabilities, and held its 2026 Annual Symposium on June 25, 2026.