CARBO Announces Strategic Agreement with FracGeo to Deliver Next Generation Real-Time Frac Modeling Software
CARBO CERAMICS (CRR)
Last carbo ceramics earnings: 11/8 05:00 pm
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US:NYSE Investor Relations:
carboceramics.com/contact/carbo-corporate/investor-relations
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Source: PR Newswire
HOUSTON, July 22, 2019 /PRNewswire/ -- CARBO Ceramics Inc. (NYSE: CRR) announced today a long-term, strategic agreement with FracGeo, LLC ("FracGeo") aimed at integrating FracGeo's software solutions and products with FracPro™ software, a CARBO business. The agreement includes developing connectors for integration as well as development of new real-time software technologies and products to assist FracPro's clients in addressing completion efficiency and well spacing optimization.Logo - http://photos.prnewswire.com/prnh/20120503/MM00528LOGO Gary Kolstad, Chairman and CEO of CARBO, commented, "We are pleased to have signed this agreement with FracGeo, which will provide leading edge, real-time frac modeling technology to the oil and gas industry. Our alignment with FracGeo through this agreement will allow for revenue sharing opportunities, and a larger addressable market opportunity with these enhanced technology offerings. "This agreement with FracGeo will enable us to deliver advanc
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