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News - January 22, 2020

Leading Bakken Producer Turns to Cold Bore SmartPAD to Digitize Completion Operations

“We’ve seen interest in our SmartPAD technology grow exponentially in the last 12 months and I’m very pleased to now have our first integrations in the Bakken which is the third-largest U.S. shale oil field, behind Texas' Permian” Read More
News - January 22, 2020

Cold Bore Technology Featured on North American Shale Magazine

Cold Bore Technology was recently featured on North American Shale Magazine article - Well Spacing Watch under Going Digital With Sensors.

Investors are on-board with other forms of digitized, sensor-based, data-based oilfield technology. Rice Investment Group provided Calgary-based Cold Bore Technology Inc. with a second round of strategic funding in 2019 to help the company further its work with completion optimization technology. The company has created what it calls SmartPad, a technology that relies on a combination of valve positioning and pressure monitoring sensors, field data collection systems and proprietary software. The goal is to fully digitize completion operations. During a six month period in 2019, Cold Bore signed several contacts for its SmartPad system, including six contracts with major Permian producers. Derek Rice, partner at Rice Investment Group, helped explain the rise of investments in companies like Cold Bore. “The E&P business model is shifting from production growth to delivering sustainable shareholder returns through efficient resource development,” he said. “An operator’s completion activity typically accounts for over 70 percent of its capital budget and can be a source of dramatic cost reduction with the right digital solutions.”
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Blog - December 23, 2019

Cold Bore Technology 2019 Corporate Update

CALGARY, CANADA - DECEMBER 19, 2019 - Global leader in completion optimization technology, Cold Bore Technology Inc. ("Cold Bore" or the "Company") today provided a corporate update and review of current business activities. Read More
News - November 18, 2019

‘World’s First’ Digital Completions Tech Delivers Real-Time Results

A “world’s first” digital completions technology by fracking software company Cold Bore Technology Inc. is helping to save shale operators time and money, according to Brett Chell, the company’s president. Read More

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