A message from Blair Layton, CEO of Cold Bore Technology

Over the past three years, Cold Bore has undergone a remarkable transformation. We’ve doubled our revenue, significantly improved our margins, achieved consistent monthly profitability since the beginning of 2024, and strengthened our balance sheet to give us the flexibility to invest confidently in our future.

But these results aren’t the story.

Our people are.

Every department has played a role in building a stronger, smarter, and more resilient company. From our field operations and software teams improving how technology is deployed on location, to our Real-Time Operating Center providing remote operational support, to our commercial, product, and administrative teams driving innovation and scalability—this transformation has been a company-wide effort.

Together, we’ve built a culture that challenges convention, embraces accountability, and continuously looks for better solutions to serve our customers.

Building the Foundation

Since the beginning of 2024, Cold Bore has maintained a clear and deliberate focus: collect the most complete, accurate, timely, and contextually valuable operational data possible. We understood that advanced reporting, analytics, optimization, automation, artificial intelligence, and autonomous operations would only be as reliable as the data beneath them.

Before attempting to build increasingly sophisticated solutions, we first needed to establish the correct foundation.

That meant ensuring that the information being collected from the field was comprehensive, properly contextualized, consistently structured, and delivered to the cloud quickly enough to support real-time operational decisions.

Today, the Cold Bore platform processes more than one billion operational data points each day. The significance is not simply the volume of data. The real value is found in the resolution, quality, context, and immediacy of that information.

Cold Bore has developed the ability to collect and contextualize an extraordinarily detailed view of completions activity. That allows our clients to understand not only what happened, but when it happened, where it happened, how different systems and service providers interacted, and what operational impact those events may have created.

That foundation is extraordinarily difficult to build. It requires field experience, deep technical capability, reliable communications, operational discipline, sophisticated software, and the ability to integrate information from numerous systems, devices, and service providers operating in a demanding environment.

Cold Bore has spent years developing that capability.

We are now exceptionally well positioned to utilize it.

Our next phase is about helping customers move beyond reporting to operational intelligence.

What’s Next: Applying Artificial Intelligence to High-Resolution Data

Our strategy moving forward focuses on three priorities:

• Create more value from data through analytics, reporting, and decision-support tools.
• Integrate more deeply across the completions ecosystem, connecting operators, service companies, and technology partners.
• Advance automation by enabling systems to communicate, coordinate, and respond in real-time.

Whether we build new capabilities internally, partner with industry leaders, or pursue strategic acquisitions, our objective remains the same: create the most connected and intelligent completions operating platform in the industry.

The quality of any AI-driven insight is determined by the quality, completeness, context, and timeliness of the information available to it.

Cold Bore has spent years building that information foundation.

We have introduced AI-supported capabilities that allow users to engage with their operational data more naturally and more effectively. Rather than navigating through numerous reports or manually reviewing large datasets, a user can ask direct questions about operations and receive answers grounded in the information collected through the Cold Bore platform.

Build, Buy, or Partner

Historically, customers have asked Cold Bore to provide data to third parties for additional reporting, visualization, engineering analysis, reservoir interpretation, and other specialized services.

Going forward, our strategy is clear.

Where a capability creates meaningful value for our customers, we will determine the best way to make it available through the Cold Bore ecosystem.

We will build it, acquire it, or partner with the best available provider.

This does not mean Cold Bore must independently create every solution. It means we will take responsibility for ensuring that the most important and valuable capabilities can be made available through an increasingly complete and integrated client experience.

We have identified a broad portfolio of potential products, solutions, analytical capabilities, engineering services, and operational tools that can be incorporated into or connected with the Cold Bore platform.

Some will be developed internally. Some may be accelerated through acquisition. Others will be delivered through strategic relationships with companies that possess specialized expertise.

What matters is not who originally created the capability. What matters is whether it can be integrated effectively, supported reliably, and delivered in a way that creates meaningful value for our clients.

Our objective is to provide a single, trusted operational environment through which clients can monitor, understand, coordinate, and ultimately control their completions activity.

Growing From Strength

We’re investing in our future by expanding our team, accelerating product development, strengthening partnerships, and pursuing new opportunities—including international markets.

We’re not growing simply to become bigger.

We’re growing to create more value for our customers and continue solving some of the industry’s most complex operational challenges.

Our Sincere Thanks

None of this would be possible without our employees, customers, partners, and service companies.

Our team built the momentum we’re experiencing today. Our customers continue to challenge us to innovate. Together, we’re helping shape the future of completions technology.

The past three years have strengthened our foundation.

The next few years will define what’s possible.

Cold Bore’s momentum is real. Our direction is clear. And we’re only getting started.

Ready to experience the Cold Bore difference? Contact us today!