Cold Bore Technology Inc., a leader in completion optimization technology, said Jan. 29 that it had finalized new deals with two leading energy producers based in Western Texas’ Permian Basin and completed installation of its SmartPAD completions operating system.
The contracts represent the latest in a growing number of SmartPAD installations with major operators across North American fields over the past 12 months.
RELATED: 'World’s First’ Digital Completions Tech Delivers Real-Time Results
The SmartPAD is the industry’s first platform able to deliver real-time, sensor-driven tracking of ultra high-resolution fracking operations data with analytics. Using a combination of valve positioning, pressure monitoring sensors, field data collection systems and proprietary software, it is able to fully digitize completions operations.
“We’re continuing to see exceptional appetite for our technology with operators from the Texan Permian to BC’s Montney region,” Brett Chell, president at Cold Bore, said. “The type of high resolution data we’re able to provide allows operators to see exactly what is happening on location in real time. Having a single source of truth for operations data via the SmartPAD also helps strengthen communications between each of the onsite services which leads to safer and more efficient production with less downtime.”
Recommended Reading
Segrist: The LNG Pause and a Big, Dumb Question
2024-04-25 - In trying to understand the White House’s decision to pause LNG export permits and wondering if it’s just a red herring, one big, dumb question must be asked.
Permian Gas Finds Another Way to Asia
2024-04-30 - A crop of Mexican LNG facilities in development will connect U.S. producers to high-demand markets while avoiding the Panama Canal.
Gas Prices in a Summer of Discontent
2024-05-14 - In February, natural gas prices dropped below $2/MMBtu and stayed there. How is the market handling it, and when will the price pick back up?
Permian NatGas Hits 15-month Low as Negative Prices Linger
2024-04-16 - Prices at the Waha Hub in West Texas closed at negative $2.99/MMBtu on April 15, its lowest since December 2022.
Mexico Pacific FID Imminent for Saguaro LNG Trains 1 and 2
2024-04-04 - Mexico Pacific Ltd. is close to taking an initial final investment decision for the first two trains at its Saguaro Energía LNG facility in Sonora, Mexico, which will source feed gas from the Permian Basin.