Liberty Launches Advanced Fracture Diagnostic Service
11 Maio 2021 - 7:25PM
Business Wire
Liberty Oilfield Services Inc. (NYSE: LBRT) announced today the
introduction of FracSense™, a diagnostic service to help E&P
customers acquire more accurate diagnostic well data to optimize
hydraulic fracture completions and well spacing. Launched in
partnership with OptaSense, a Luna Innovations company, the
diagnostics service utilizes real time fiber optic measurements to
monitor per stage fracture placement and frac hits in offset wells.
Since the technology can be conveyed via wireline, it can also be
used to profile production in producing wells.
Capturing high resolution data significantly shortens the
learning curve for actionable change for operators. FracSense
measurements provide per-stage information about fracture azimuth,
stage spacing coverage and perforation cluster design and their
impact on cluster efficiency. Fluid and proppant volume to first
frac hit response improves fracture length and fracture height
model calibration as well as evaluating effective well spacing. The
data also allows Liberty to help operators determine diversion
techniques or alternate stage spacing, as well as to fine-tune
perforation designs for optimal cluster efficiency in real
time.
“FracSense is our latest service offering strengthening our
existing portfolio of fracture optimization technologies. This adds
to our industry leading suite of fracture diagnostics and modeling
tools that our renowned technical team utilize to help our
customers with completion design optimization and extract maximum
value from their resource,” said Liberty CEO, Chris Wright.
James Pollard, Managing Director of OptaSense, stated, “The
ability to optimize frac design based on reservoir and production
response delivers considerable value. OptaSense’s fiber-optic
measurements, delivering real-time data and visualization, along
with Liberty’s hydraulic fracturing stimulation and completion
design expertise, will help operators maximize resource recovery in
their reservoirs.”
About Liberty
Liberty is a leading North American oilfield services firm that
offers one of the most innovative suites of completion services and
technologies to onshore oil and natural gas exploration and
production companies. Liberty was founded in 2011 with a relentless
focus on developing and delivering next generation technology for
the sustainable development of unconventional energy resources in
partnership with our customers. Liberty is headquartered in Denver,
Colorado. For more information about Liberty, please contact
Investor Relations at IR@libertyfrac.com
About OptaSense
OptaSense, a Luna company, is the world leader in Distributed
Acoustic Sensing and operates in 40 countries globally across
multiple industries including Oil & Gas, Defense &
Security, Transport and Utilities. OptaSense (optasense.com)
technology is currently being used to monitor more than 25,000 km
of assets around the globe, including oil and gas pipelines,
security perimeters and international borders.
About Luna
Luna Innovations Incorporated (NASDAQ: LUNA) is a leader in
optical technology, committed to serving its customers with unique
capabilities in high-performance, fiber-optic-based sensing,
measurement, testing and control products for the aerospace,
transportation, infrastructure, security, process control,
communications, silicon photonics, defense, and automotive
industries, among others. Luna is organized into two business
segments, which work closely together to turn ideas into products:
Lightwave and Luna Labs. Enabling the future with fiber, Luna’s
business model is designed to accelerate the process of bringing
new and innovative technologies to market.
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version on businesswire.com: https://www.businesswire.com/news/home/20210511006257/en/
Michael Stock Chief Financial Officer 303-515-2851
IR@libertyfrac.com
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