Cold Bore Technology Inc.
About
Cold Bore Technology Inc. is a global leader in fracturing optimization software, developing the first Electronic Completions Recorder and Remote Frac Operating System through Cold Bore's SmartPAD™ service.
Editor's note: Updated Sept. 12, 2019.
Headquarters Address
Calgary AB
Canada
Website
www.coldboretechnology.comNew Financings
Global leader in completion optimization technology, Cold Bore Technology Inc. has secured a…
Cold Bore Technology Inc. has announced the closing of an investment by Rice Investment Group.
This content is locked until you subscribe
This content is locked until you subscribe
This content is locked until you subscribe
Subscribe to Access
Instantly unlock over 15 years of A&D transactions and financing data.
News
Cold Bore Records 43% Revenue Growth, 70% Increase in Employees in Past Six Months
Cold Bore has seen a 38% increase in the deployment of its SmartPAD completions system across the five major U.S. basins.
Cold Bore Technology Closes $14 Million Financing
Along with this investment from bp ventures, bp will be deploying Cold Bore’s SmartPAD in bpx energy’s U.S. onshore operations.
How Digitization Can Reduce Hydraulic Fracturing’s Environmental Impact
The digitization of well completions can help operators understand their emissions profile and optimize operations.
Cold Bore Sees Demand Soar for Autonomous Completions Platform SmartPAD in Q1
Cold Bore Technology Inc., the leader in frac completions automation and platform technology, said on May 4 it has recorded growth in new customers, revenue, team size and technology infrastructure during first-quarter 2021.
Executive Oil Conference: Turning Down Non-Pumping Time with Hibernia Resources, Cold Bore Technology
With more than a dozen new completions in 2020 in Upton and Reagan counties, Hibernia Resources has more than halved non-pumping time with giga-fracs, making for some $300,000 in savings. Here’s how.
E&P Plus: 2021 Hydraulic Fracturing Technology Showcase
This special section highlights the latest hydraulic fracturing technologies and services from nearly 40 companies and how these tools aim to address operator challenges.
2020 Rewind: Tech Highlights from Turbulent Year in Oil and Gas
Against staggering odds—an unprecedented crash in oil prices and COVID-19—the technology space in the oil and gas sector exceeded the test of resiliency put forth by a turbulent 2020.
Permian Producer Hibernia Resources, Cold Bore Digitize Completion Operations through 2020
Cold Bore Technology Inc., a leader in completion optimization technology and Houston-based Permian Basin oil and natural gas producer, Hibernia Resources III (Hibernia), revealed the results from digitized completion operations during 2020 on Nov. 17.
Cold Bore Technology Brett Chell Assumes New Role as CEO
Cold Bore Technology Inc., a leader in completion optimization technology, said June 30 that company co-founder and president, Brett Chell has assumed the role of CEO.
Permian Producer Hibernia Resources Sees Major Gains with Cold Bore’s SmartPAD
Hibernia's implementation of the completions optimization system led to $30,000 saving in reclaimed time and $10,000 per week in reduced downtime on a single pad.
Parsley Energy Digitizes Entire Completions Operations with Cold Bore’s SmartPAD
The company’s most recent quarterly review data showed a 22% increase in efficiency through several process and technological implementations, including SmartPAD.
Cold Bore Technology to Begin Beta Testing ‘Frac Action’ Software
Cold Bore Technology said its new Frac Action graphing software allows frac operators, for the first time, to overlay high resolution, real-time stage frac data onto that of multiple previous stages.
Cold Bore Closes SmartPAD Tech Deal With Two New Permian Fracking Operators
The contracts represent the latest in a growing number of SmartPAD installations with major operators across North American fields over the past 12 months.
Top Bakken Producer Turns To Cold Bore SmartPAD To Digitize Completion Operations
Cold Bore Technology Inc., a leader in fracking completion optimization technology that secured its second round of funding by Rice Investment Group back in 2018, said Jan. 22 that one of the largest oil producers in North Dakota’s Bakken Formation has integrated the company’s proprietary SmartPAD technology.
'World’s First’ Digital Completions Tech Delivers Real-Time Results
Cold Bore’s SmartPAD completions system is first to deliver real-time, sensor-driven tracking of operations data with analytics, President Brett Chell says.