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.
Former CEO, Blair Layton, has moved to the role of CFO.
Cold Bore has experienced significant demand for its SmartPAD completions operating system in the U.S. market over the last 18 months. Its technology delivers real-time, sensor-driven tracking of ultra-high-resolution fracking operations data with analytics. It is currently deployed with over 50% of the top 10 U.S.-based oil and natural gas producers.
“I’m very excited to further solidify our position in the U.S. market and take full advantage of the incredible momentum we’ve built there over the past 12 months,” Brett Chell, president and CEO, Cold Bore, said. “Blair has done an exceptional job up to now and we will continue to work together closely as we execute on our aggressive growth strategy.”
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