Cold Bore Technology
Cold Bore Technology is a leading provider of enterprise communication IAAS for frac operations in North America, known for its SmartPAD platform that enhances real-time data processing and operational efficiency.
Company Overview
Cold Bore Technology is the new foundational standard in Frac Enterprise Communication. The company provides an enterprise communication IAAS (infrastructure as a service) that enables fully collaborative pads in real-time. Headquartered in Calgary, Alberta, Canada, Cold Bore Technology helps fine-tune onsite activities by leveraging reliable real-time data streams. This innovative approach aids in uncovering high-cost inefficiencies and lowers potential onsite risks.
SmartPAD Features
The SmartPAD platform from Cold Bore Technology is North America’s only physical and digital communications infrastructure service provider. SmartPAD standardizes all pad data to reduce the time spent on data cleaning. It boosts fleet productivity by providing shared look-backs into critical indicators, NPT stats, and activity overview summaries. The platform features an integrated “Plug and Play” system, military-grade sensors, and advanced computing hardware for data accuracy. Additionally, it supports real-time operating centers with 24/7 dashboard onboarding, data monitoring, and field technician support.
IntelliSONIC Technology
Cold Bore Technology's IntelliSONIC technology utilizes a sound-cancelling algorithm, high-resolution sonic receivers, and real-time data relay. This technology characterizes, classifies, records, and relays events in real time, identifying pass-throughs and verifying correct landing points for multi-point entry systems. IntelliSONIC also enhances decision-making by comparing sound signals from past events or other locations, allowing for remote viewing of events from anywhere in the world.
Partnerships and Collaborations
Cold Bore Technology has partnered with Downing's Freedom Series Completion System to enable continuous 24/7 fracturing with seamless, real-time streamed operational pad data. This partnership provides a plug-and-play control, data, and analytics system that is immediately available. The collaboration also offers remote operations capability with integrated data, analytics, and control systems, significantly enhancing the efficiency and responsiveness of onsite activities.
Growth and Achievements
In 2021, Cold Bore Technology experienced record deployments of its SmartPAD completions platform and control system, almost doubling its workforce in Canada and the United States. The company closed $14 million in growth financing led by bp ventures with participation from the Canadian Business Growth Fund (CBGF). Recognized by Darcy Partners as one of the Top 10 Technologies in Drilling and Completions for 2021, Cold Bore Technology continues to lead in standardizing pad data and improving operational efficiency in the fracing industry.