June 17, 2016
LMKR, a leading provider of Geological and Geophysical integrated software and solutions, announced today the signing of a global reseller agreement with FracGeo. Through this agreement, LMKR will resell globally current and future software products of FracGeo.
“LMKR is committed to providing some of the most cost effective, flexible and integrated Geological and Geophysical products in the market. As we embark on integration of FracGeo’s advanced completion optimization techniques with LMKR’s GVERSE™ and GeoGraphix® Products, this reseller arrangement will provide our customers globally easy access to FracGeo’s geomechanical technologies needed for optimal frac design, completion and well spacing optimization in unconventional and tight reservoirs.”
Atif Khan, CEO LMKR Group
“LMKR’s global footprint, access to and presence in all major Oil & Gas hubs, exceptional technical expertise and sales channels will enable a more rapid adoption of new technologies. LMKR and FracGeo agreement will enable geoscientists to quickly and easily identify geologic and geomechanical sweet spots allowing for improved well planning and completion performance needed in today’s low price environment.”
Dr. Ahmed Ouenes, CEO and Founder of FracGeo.
About FracGeo
FracGeo develops and deploys 3D seismic driven geological and geomechanical fracture modeling software and services needed for optimal frac design, completion and well spacing optimization in unconventional and tight reservoirs. These technologies, like FracPredictorTM and services focus on the estimation of subsurface properties affecting hydraulic fracturing including the rock properties, pore pressure and natural fractures and their complex interaction with regional stress and hydraulic fractures.