Quantico Energy Solutions, a Houston, Texas-based provider of data-driven solutions for shale drilling and completions programs, closed a Series A financing round of undisclosed amount.
Backers included Shell Technology Ventures and Statoil Technology Invest.
The company intends to use the funds to grow its horizontal logging solutions.
Founded in 2012 by Barry Zhang, CEO, Quantico has developed a solution for generating synthetic sonic and density logs with information routinely collected during the drilling of every shale well. Developed in collaboration with several major operators in North America’s most active shale plays, QLog provides oil and gas companies with a non-intrusive method to log wells economically and without requiring logging runs after drilling.
FinSMEs
06/05/2015