Blog - November 3, 2021

Energy Connects – The Network Effect

With a well completions network, each party can likewise derive value where they want to Read More
News - October 28, 2021

Video Interview: How Can Canada’s Entrepreneurs Access Capital and the US Market?

Video Interview with Brett Chell, President and CEO of Cold Bore Technology on Capital and the US Market for Canada’s Entrepreneurs.
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News - August 3, 2021

Cold Bore Technology Closes $14 Million Financing

“The oil and gas industry has realized that technological innovation is key to meeting growing calls for reduced emissions and improved returns. Cold Bore is proud to be playing a leadership role in the future of oil and gas operations,” Brett Chell, co-founder and president at Cold Bore Technology, said.

“As we scale to meet incredible demand, we’re excited to have a strong strategic partner in bp, a forward-thinking international energy company, and to play a part in helping bp reach its carbon and operational targets. We believe the caliber of our customers and investors demonstrates the market opportunity before us. The future of the oil and gas industry is autonomous operations,” Brett added. Read More
News - August 3, 2021

Cold Bore Technology Closes $14M Financing

Cold Bore Technology the leader in frac completions automation and platform technology, today announced it has closed $14M in growth financing. The round was led by bp ventures with participation from the Canadian Business Growth Fund (CBGF). Existing investors include the Rice Investment Group (RIG), a $200M multi-strategy, energy sector investment fund.

Cold Bore is leading a major shift in the completions (fracing) industry towards safer, more autonomous operations by providing oil & gas companies (operators) with a centralized digital platform called SmartPAD. SmartPAD is an end-to-end, fully integrated software and hardware platform designed to collect, analyze, and report data which would otherwise be underutilized. Better utilization of this data unlocks operators’ ability to make step-change improvements across all key performance indicators.

SmartPAD deployments are on pace to exceed 100% year-on-year growth in 2021, as more and more operators recognize Cold Bore as a key enabler for keeping workers safe and meeting heightened ESG commitments.
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