Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

New Frac Optimization Platform Expands Corva's Leading Drilling Cloud, Continues Its Vision for the Digital Oilfield of the Future

Corva extends track record of digital transformation for drilling with release of hydraulic fracturing data analysis tools, enabling oil & gas producers to optimize frac performance, avoid hazards, and cut costs using big data and real-time monitoring.


News provided by

Corva

Jul 22, 2019, 10:00 ET

Share this article

Share toX

Share this article

Share toX


DENVER, July 22, 2019 /PRNewswire-PRWeb/ -- Corva, the leader in real-time drilling analytics, announces the launch of its frac optimization platform, a software suite of 20 mobile and web apps that gives engineers real-time insight into hydraulic fracturing operations. Corva's latest innovation brings much needed analytical capabilities and decision support to one of the most critical processes in the energy industry, enabling producers to improve frac performance, optimize production, monitor by exception, and avoid the hazardous pressure conditions that can damage nearby wells. The introduction of real-time frac analytics extends the company's existing drilling optimization platform of more than 60 apps, for which it recently reported explosive customer growth and aggressive hiring to meet demand. The announcement was made at the Unconventional Resources Technology Conference (URTeC), being held this week in Denver. For more information or to view a live demonstration of Corva's frac analytics, please stop by booth 116 at URTeC or visit FracMagic.com.

"We are laser-focused on operational excellence and capital discipline for our D&C operations. The data and real-time analytics that we receive from Corva have been an important tool to Diamondback as we continue to drive drilling performance and reduce capital costs," said Mike Hollis, President and COO of Diamondback Energy.

We are laser-focused on operational excellence and capital discipline for our D&C operations. The data and real-time analytics that we receive from Corva have been an important tool to Diamondback as we continue to drive drilling performance and reduce capital costs.

Post this

Increasingly tight well spacing, multi-stage fracturing, and variations in subsurface rock fabric create unique challenges for every new horizontal well. To tailor hydraulic fracturing treatments for optimal results, completion staff must be able to quickly analyze and respond to constantly changing conditions during a frac operation.

Corva's real-time frac optimization platform enables oil & gas companies to:

  • Optimize design and costs using best-in-class parameters from historical data.
  • Identify landing zones for laterals and select optimal stage treatments.
  • Prevent frac hits by alerting staff to hazardous pressure build-up on nearby wells.

Key features of Corva's new frac optimization platform include the ability to compare stage design with actual, analyze nearby wells for optimal parameters through the same formation, track proppant concentration, and monitor zipper frac operations. Additional functionality includes automated frac activity detection and monitoring algorithms, eliminating the need for completions and back office staff to manually share status and alerting users when action is needed.

"Horizontal wells and the widespread use of hydraulic fracturing are the powerhouse driving the North American shale revolution, yet the benefits of the digital oilfield just haven't manifested for drilling and completions as they have for exploration and production," said Ryan Dawson, Corva's founder and CEO. "Corva has brought much needed innovation and digital transformation to drilling, which is disrupting the oil & gas software market in a positive way and is why we have seen massive uptake of our real-time drilling data analytics, now used on more than 200 rigs to accelerate rate of penetration, optimize directional drilling, and cut capital costs by millions," Dawson elaborated. He added, "Corva is scaling its vision of the digital oilfield by bringing the same level of innovation to bear on the unique data consumption needs for completions, giving engineers powerful new tools to optimize every lateral and stage, keep trucks pumping longer through complex zipper fracs, and optimize treatments for maximum production returns."

Tweet This: @Corva_AI expands its leading #drilling cloud with real-time #HydraulicFracturing optimization platform. Review product specs: http://fracmagic.com #FracMagic

Bringing Digital Transformation to Unconventional Problems

Hydraulic fracturing is a multiday process that can involve dozens of pumping trucks. Large volumes of data are generated throughout the process, including pressures, flow rates, proppant levels, and data for nearby wells. Increasingly, engineering staff must analyze and adjust frac operations in real-time to avoid costly downtime and avoid hazardous conditions. Real-time data analysis is especially critical for zipper frac operations, in which two wells are frac'ed simultaneously to enhance reservoir rock exposure through alternating stage fracturing.

Corva's advanced completion analytics and real-time engineering models are purpose-built to solve the challenges completions staff face in analyzing large volumes, wide variety, and high velocity data, the "three V's of big data. Corva also brought the benefits of digital transformation to horizontal drilling with the industry's first real-time drilling optimization platform, which has been rapidly adopted by energy producers looking for new ways to drill faster, lower cost wells. Corva's real-time drilling and completions platform is deployed on more than 200 rigs with customers that include 25 of the largest publicly traded oil & gas producers.

About Corva
Corva is a Houston-based technology startup focused on helping oil & gas companies to optimize drilling and completions through real-time data insights and analytics. The company built a first-of-its-kind software platform for delivering a suite of nearly 80 mobile and web apps to monitor drilling and completions, identify hazardous conditions, and give users recommendations based on current and historical subsurface data. As a result, Corva increases rate of penetration, improves frac performance, and reduces costly rig downtime. Corva's software products support oil & gas drilling operations across North America with hundreds of users, including drilling engineers, superintendents, rig crews, and management. For more information, please visit http://www.corva.ai

SOURCE Corva

Modal title

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.