Flotek Industries introduces FracMax Canada
Flotek Industries announced the introduction of FracMax™ Canada. Building upon technology developed to analyse US production results, Flotek introduced FracMax Canada, its patent-pending, advanced analytics software for the Canadian oil and gas markets. With nearly 7,700 wells, including over 800 that have utilised Flotek’s patented, proprietary Complex nano-Fluid® completion chemistries, the initial release of FracMax Canada provides a broad representation of Canadian production across nearly all Western Canadian producing basins.
“The introduction of FracMax Canada extends Flotek’s commitment to provide industry-leading analytics as well as a platform by which to show the efficacy of CnF® chemistries based on widespread, empirical data", said John Chisholm, Flotek’s chairman, president and CEO. “Based on the current data set, Canadian wells with CnF perform at levels superior to those without, very similar to results obtained from the U.S. data set, consisting of over 85,000 wells. We look forward to working with our Canadian clients and others to improve well performance and, through FracMax, better understand best practices in well completions.”
Similar to the United States, the FracMax architecture will remain proprietary to Flotek with well studies run for clients through the Company’s FracMax analytics subsidiary. The closed architecture provides for consistency and integrity of the data and processes of the software application.