Reveal Energy Services

Reveal Energy Services provides advanced diagnostics for the oil and gas industry, specifically focusing on hydraulic fracturing operations. The company was established in January 2016 as a wholly-owned subsidiary of Equinor Technology Ventures, the venture arm of the Norwegian multinational energy company Equinor. This origin stemmed from Equinor's foundational research and the invention of the IMAGE Frac technology, designed to map fracture geometry using pressure-based data. The company began independent operations after the technology transfer from its parent entity. In April 2017, Reveal Energy Services secured a Series A growth capital investment from Lime Rock Partners, in addition to continued funding from Equinor. A significant milestone occurred in January 2022, when the company was acquired by Kappa Engineering, a leader in reservoir and production engineering software.

The core of Reveal Energy Services' business is providing oil and gas operators with data and analysis to optimize well completions and improve hydraulic fracturing efficiency. The company operates in the energy technology sector, serving clients across major unconventional basins in the US and Canada, including the Bakken, Eagle Ford, and Marcellus shale plays. Its business model centers on offering specialized services and a cloud-based software platform to exploration and production (E&P) companies. These services help clients validate their completion designs, understand interwell communication (known as frac hits), and ultimately enhance reservoir contact and production. The company's value proposition is delivering accurate, affordable fracture diagnostics without interfering with wellsite operations.

Reveal's flagship offering is the IMAGE Frac™ technology, which uses pressure data from a monitor well to create 3D maps of fracture geometry, detailing half-length, height, and asymmetry. This method avoids the need for downhole tools or operational downtime. Building on this, the company developed a suite of services including FracEYE℠, a frac hit analysis service to categorize and mitigate interwell communication, and DiverterSCAN℠, which assesses the effectiveness of diversion techniques in real-time. In 2019, it launched the DSCVRi℠ cloud-based completion evaluation engine, which aggregates data to guide performance improvements. Later, the ORCHID® completions evaluation platform was introduced to integrate and analyze various data types, including distributed acoustic sensing (DAS). The company has also entered into agreements to commercialize technology from other major operators like ConocoPhillips.

Keywords: hydraulic fracturing diagnostics, completion evaluation, pressure-based fracture mapping, well spacing optimization, frac hit analysis, unconventional resources, oil and gas technology, reservoir engineering, IMAGE Frac, FracEYE, DSCVRi, ORCHID platform, Equinor, Lime Rock Partners, Kappa Engineering, well completion design, energy services, asset value optimization, reservoir stimulation, subsurface diagnostics