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ResFrac develops physics-based software that combines hydraulic fracturing and reservoir simulation for oil and gas operators.
Founded in 2015 in Palo Alto, US, ResFrac Corporation sells hydraulic fracturing and reservoir simulation software that models a well's full lifecycle, from stimulation through production and enhanced oil recovery. Its clients include over 35 operators in major North American shale plays and developers of enhanced geothermal systems. The company raised USD 2 million in Series A funding on April 15, 2020, from Altira Group, at a current valuation of USD 20.28 mn. CEO Mark McClure, one of the founders, leads the company alongside Charles Kang.
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