Cold Bore Technology Inc., a leader in fracking completion optimization technology that secured its second round of funding by Rice Investment Group back in 2018, said Jan. 22 that one of the largest oil producers in North Dakota’s Bakken Formation has integrated the company’s proprietary SmartPAD technology.
The SmartPAD platform allows for ultra-high-resolution operations data to be captured, analyzed and acted on in real-time. This results in higher levels of efficiency, increased transparency and a safer onsite environment for workers.
RELATED: 'World’s First’ Digital Completions Tech Delivers Real-Time Results
Although it is currently deployed with fracking operators throughout North America, including six of the top 10 producers, these represent the first integrations of the platform in the Bakken region.
“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,” Brett Chell, president at Cold Bore, said. “We do expect further producers in the region to begin integrating the technology over the coming months as field results demonstrate the significant value of having real-time access to ultra-high-resolution data.”
Recommended Reading
Magnolia Bolts-on 27,000 Acres in South Texas’ Giddings Field
2024-05-09 - Magnolia Oil & Gas said it paid $125 million to a private operator to acquire the acreage, which has minimal production.
Global Partners Buys Four Liquid Energy Terminals from Gulf Oil
2024-04-10 - Global Partners initially set out to buy five terminals from Gulf Oil but the purchase of a terminal in Portland was abandoned after antitrust concerns were raised by the FTC and the Maine attorney general.
TotalEnergies, Sinopec to Develop SAF Unit in China
2024-03-26 - TotalEnergies and Sinopec’s production unit will have the capacity to produce 230,000 tons of sustainable aviation fuel per year.
ADNOC Drilling Secures $1.7B Contract for Unconventionals Recovery
2024-05-13 - ADNOC Drilling’s new incorporated company, Turnwell Industries, will deliver a total of 144 unconventional wells, as per the contract.
Crescent Point Divests Non-core Saskatchewan Assets to Saturn Oil & Gas
2024-05-07 - Crescent Point Energy is divesting non-core assets to boost its portfolio for long-term sustainability and repay debt.