Breaking
Banneker Partners takes platform stake in ResFrac, April 2026 Altira Group completes full exit after a decade in the cap table 35+ operators, 50+ institutions running ResFrac worldwide New MuLTipEl crack propagation algorithm shipped, May 2026 Fervo Energy doubles down on ResFrac for enhanced geothermal Banneker Partners takes platform stake in ResFrac, April 2026 Altira Group completes full exit after a decade in the cap table 35+ operators, 50+ institutions running ResFrac worldwide New MuLTipEl crack propagation algorithm shipped, May 2026 Fervo Energy doubles down on ResFrac for enhanced geothermal
Profile / Energy Software / Vol. 11

ResFrac Corporation

The physics engine running underneath some of the most important wells in North America - and now, the geothermal frontier. Thirty-six people. One simulator. A very big rock to break.

Palo Alto, CA Founded 2015 ~36 Employees Backed by Banneker Partners
ResFrac simulation visualization

The picture says it plainly. A simulated hydraulic fracture, computed cell by cell, frame by frame - the way ResFrac sees a well before the first drop of fluid is pumped. Palo Alto, 2026.

It's 6:42 a.m. in West Texas, and somebody is staring at a stress map.

The completions engineer has coffee in one hand and a stage spacing decision in the other. She's about to commit a few million dollars of pressure pumping to the ground. The map she is looking at - color-coded ribbons of fracture half-length, conductivity, drainage volume - did not come from a spreadsheet. It came from ResFrac, a piece of software designed in a townhouse in Palo Alto by a former Stanford petroleum engineer who decided, in 2015, that the industry had had enough rules of thumb.

This is what ResFrac does, quietly, every morning, in the offices of supermajors and the laptops of independents from the Marcellus to the Vaca Muerta: it simulates the cracking of rock and the multi-year drainage of the hydrocarbons that follow, in one continuous physics-based loop. No handoff between the frac model and the reservoir model. No "and then we hand it to the reservoir engineer." One engine. One simulation. The whole life of the well.

Better fracs. Better wells. Better returns. - ResFrac, tagline

A small company with an outsized footprint.

35+
Operator Customers
50+
Institutions
36
Employees
2026
Banneker Platform Deal

Mark McClure walked off the tenure track.

Three Stanford degrees - BS in chemical engineering, MS in petroleum, PhD in energy resources. An assistant professorship at UT Austin's Department of Petroleum and Geosystems Engineering. The standard fast lane for somebody who liked equations and rocks.

He left it. In 2015 he started ResFrac with a thesis that sounds simple and is not: the only way to actually understand an unconventional well is to model the fracture and the reservoir together. Most of the industry was modeling them separately, with different software, often by different people in different buildings.

Eleven years later, the engineers in those different buildings open the same tab.

CV / 1 of 3 Stanford PhD in Energy Resources Engineering. Hank Ramey Award. Assistant professor at UT Austin before quitting to write a simulator.
Awards / 2 of 3 Hart Energy 40 Under 40. SPE Regional Awards for Completions Optimization and Young Member Service. TWA Energy Influencers.
Off Hours / 3 of 3 Hiking. The dog. Sports. Travel. The usual Palo Alto Tuesday.

One engine. A growing constellation of tools around it.

Core

ResFrac (ResFracPro)

The fully coupled simulator. Multiphase fluid flow - black oil or compositional. 3D fracture mechanics with proppant transport. Poroelasticity, thermal effects, wellbore dynamics. Non-Newtonian fluid additives. One engine that follows a well from first crack to year ten.

Web

ResApps

Browser-based engineering utilities. FracTest interprets diagnostic fracture injection tests. StageOpt sizes and spaces stages. IntTest knits the workflow together. The reservoir wizardry of ResFrac, served as a tab.

Geothermal

Enhanced Geothermal Systems

The same physics, redirected at hot rock. Used by next-generation geothermal developers - notably Fervo Energy - to design EGS wells that need fractures to be permeable for decades, not depleted in months.

Services

Training & Applied Consulting

Online curriculum plus hands-on consulting. Because a coupled simulator without a calibrated operator is just an expensive aquarium.

Decisions, not dashboards.

An engineer running ResFrac can answer the questions that used to require six months and a pilot pad: how close can these wells sit before they steal from each other? How much proppant is actually being placed in the far field? What does my DFIT really tell me about minimum stress? Should I add another stage or skip it?

The answer, every time, is a number with a cost attached - which is the only kind of answer that travels well in an operator's morning meeting.

Where ResFrac Shows Up

Shale Oil
92%
Shale Gas
78%
Tight Oil
64%
Geothermal
41%
Conventional
28%

Indicative share of platform use by application class, based on public case studies and company disclosures.

ResFrac has built something truly differentiated - a simulation platform grounded in first-principles physics that has earned the trust of the world's leading energy operators. - Matt McDonald, Banneker Partners
Banneker understands mission-critical software and has a proven track record of helping companies scale while staying true to the technical depth that customers depend on. - Mark McClure, Co-Founder & CEO, ResFrac

Eleven years, two investors, one stubborn idea.

2015

Mark McClure founds ResFrac in Palo Alto. The bet: couple the frac and the reservoir, never decouple them.

2018

The technical writeup that becomes the platform's calling card lands on arXiv, signaling academic-grade rigor in a commercial product.

2020 - 2024

Adoption climbs from a handful of curious operators to a roster of independents, supermajors and NOCs. Altira Group sits in the cap table.

2025

JPT names ResFrac among the leading commercial hydraulic fracturing modeling platforms.

April 2026

Banneker Partners announces a platform investment. Altira exits in full. Lightning Partners advises.

May 2026

New website, refreshed logo - still three hydraulic fractures - and a new crack propagation algorithm called MuLTipEl.

Azure under the hood.

ResFrac is a Microsoft Azure shop in an industry famous for legacy Fortran. App Service, Functions, Batch, DevOps, Key Vault, Policy - and Azure OpenAI Service for the assisted history-matching workflows that are starting to creep into reservoir engineering. Python and PowerShell for glue. GitHub Actions for CI. Claude and Gemini in the developer toolkit.

The codebase is the moat. The cloud is the multiplier.

Engineering-led, remote-friendly, paper-publishing.

Three hubs - Palo Alto, Denver, Houston - and a remote workforce held together by Slack and a Deel-administered global payroll. The team publishes peer-reviewed papers as a matter of course. If the simulator says something surprising, the company would rather defend the math in a journal than soften the result.

Who else is in the room.

Schlumberger

Kinetix and Mangrove inside Petrel - the incumbent suite, deeply embedded in operator workflows.

Halliburton GOHFER

Long-standing fracture simulator with a loyal user base in the service company orbit.

CMG

Reservoir simulation specialist (IMEX, STARS, GEM). Strong on flow, lighter on integrated fracture mechanics.

ResFrac's pitch in one line: the others make you choose between the crack and the flow. ResFrac doesn't.

Things that don't fit in a pitch deck.

LogoThe mark is three stylized hydraulic fractures. Doubles as a stress diagram on a slide.
CrossoverGeothermal developers use the same physics as oilmen. The rock does not care about the headline.
StackMicrosoft Azure plus Azure OpenAI in an industry that still emails .DAT files.

Where the trail continues.

6:51 a.m. The completions engineer commits.

The map on her screen has settled. The stage spacing is set. The proppant schedule is locked. The pumps will start at seven. None of this happened because somebody guessed - it happened because a small company in Palo Alto, run by a former professor with three Stanford degrees, built an engine that does not let you separate the crack from what the crack will drain.

Eleven years ago that engineer would have made the call on instinct. Now she makes it on math. The well still might surprise her. But the surprise will be smaller, and when it comes, ResFrac will be open in another tab, calibrating against the new data, ready for the next morning.

That's the change. A quiet one. Most of the people whose lives it touches will never know its name.

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