Cold Bore Technology Inc., a leader in completion optimization technology, said June 30 that company co-founder and president, Brett Chell has assumed the role of CEO.
Former CEO, Blair Layton, has moved to the role of CFO.
Cold Bore has experienced significant demand for its SmartPAD completions operating system in the U.S. market over the last 18 months. Its technology delivers real-time, sensor-driven tracking of ultra-high-resolution fracking operations data with analytics. It is currently deployed with over 50% of the top 10 U.S.-based oil and natural gas producers.
“I’m very excited to further solidify our position in the U.S. market and take full advantage of the incredible momentum we’ve built there over the past 12 months,” Brett Chell, president and CEO, Cold Bore, said. “Blair has done an exceptional job up to now and we will continue to work together closely as we execute on our aggressive growth strategy.”
Recommended Reading
Spate of New Contracts Boosts TechnipFMC's Subsea Profits
2024-04-30 - TechnipFMC's operational profits are growing as the company heightened its focus on “quality” subsea orders, which earned $2.4 billion for the first quarter.
Exclusive: Silixa’s Distributed Fiber Optics Solutions for E&Ps
2024-03-19 - Todd Chuckry, business development manager for Silixa, highlights the company's DScover and Carina platforms to help oil and gas operators fully understand their fiber optics treatments from start to finish in this Hart Energy Exclusive.
CERAWeek: AI, Energy Industry Meet at Scary but Exciting Crossroads
2024-03-19 - From optimizing assets to enabling interoperability, digital technology works best through collaboration.
Cyber-informed Engineering Can Fortify OT Security
2024-03-12 - Ransomware is still a top threat in cybersecurity even as hacktivist attacks trend up, and the oil and gas sector must address both to maintain operational security.
Forum Energy Signs MOU to Develop Electric ROV Thrusters
2024-03-13 - The electric thrusters for ROV systems will undergo extensive tests by Forum Energy Technologies and SAFEEN Survey & Subsea Services.