Cold Bore Technology Inc., a leader in completion optimization technology, said Jan. 29 that it had finalized new deals with two leading energy producers based in Western Texas’ Permian Basin and completed installation of its SmartPAD completions operating system.
The contracts represent the latest in a growing number of SmartPAD installations with major operators across North American fields over the past 12 months.
RELATED: 'World’s First’ Digital Completions Tech Delivers Real-Time Results
The SmartPAD is the industry’s first platform able to deliver real-time, sensor-driven tracking of ultra high-resolution fracking operations data with analytics. Using a combination of valve positioning, pressure monitoring sensors, field data collection systems and proprietary software, it is able to fully digitize completions operations.
“We’re continuing to see exceptional appetite for our technology with operators from the Texan Permian to BC’s Montney region,” Brett Chell, president at Cold Bore, said. “The type of high resolution data we’re able to provide allows operators to see exactly what is happening on location in real time. Having a single source of truth for operations data via the SmartPAD also helps strengthen communications between each of the onsite services which leads to safer and more efficient production with less downtime.”
Recommended Reading
US Drillers Cut Oil and Gas Rigs for Second Time in Three Weeks
2024-08-16 - The oil and gas rig count fell by two to 586 in the week to Aug. 16.
US Drillers Cut Oil, Gas Rigs for Fifth Week in Six, Baker Hughes Says
2024-09-20 - U.S. energy firms this week resumed cutting the number of oil and natural gas rigs after adding rigs last week.
Seadrill to Adopt Oil States’ Offshore MPD Technology
2024-09-17 - As part of their collaboration, Seadrill will be adopting Oil States International’s managed pressure drilling integrated riser joints in its offshore drilling operations.
US Drillers Cut Oil, Gas Rigs for Fifth Time in Six Weeks
2024-07-12 - The oil and gas rig count, an early indicator of future output, fell by one to 584 in the week to July 12.
US Drillers Add Oil, Gas Rigs for Second Time in Three Weeks
2024-07-19 - The oil and gas rig count, an early indicator of future output, rose by two to 586 in the week to July 19, its highest since late June.