Cold Bore Records 43% Revenue Growth, 70% Increase in Employees in Past Six Months

Cold Bore has seen a 38% increase in the deployment of its SmartPAD completions system across the five major U.S. basins.

Business Wire

Cold Bore Technology Inc., the leader in frac completions automation and platform technology, has revealed record 2021 growth in key areas including new customers, revenue, team size and technology infrastructure on Nov. 30.

From April to October 2021, Cold Bore saw unprecedented demand for its SmartPAD completions platform and control system, increasing deployments by over 38% from the previous six month period.

SmartPADs were installed within operations across five new U.S. basins including; DJ Basin, Utica, Scoop Stack, Delaware and Haynesville, meaning the technology able to interconnect and automate completions operations is fast becoming a defacto completions operating system for producers within 12 major shale plays in the U.S. and Canada.

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